Allspring Global Investments Holdings LLC Decreases Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,782 shares of the company’s stock after selling 3,748 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.70% of Johnson Outdoors worth $2,356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC raised its position in Johnson Outdoors by 94.0% in the 3rd quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after purchasing an additional 647 shares during the period. Public Employees Retirement System of Ohio raised its position in Johnson Outdoors by 143.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company’s stock worth $180,000 after purchasing an additional 2,922 shares during the period. Barclays PLC raised its position in Johnson Outdoors by 182.9% in the 3rd quarter. Barclays PLC now owns 6,575 shares of the company’s stock worth $238,000 after purchasing an additional 4,251 shares during the period. Ballentine Partners LLC purchased a new stake in Johnson Outdoors in the 3rd quarter worth about $253,000. Finally, XTX Topco Ltd raised its position in Johnson Outdoors by 51.9% in the 3rd quarter. XTX Topco Ltd now owns 10,322 shares of the company’s stock worth $374,000 after purchasing an additional 3,526 shares during the period. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Outdoors Price Performance

Johnson Outdoors stock opened at $27.85 on Friday. Johnson Outdoors Inc. has a 1-year low of $27.82 and a 1-year high of $46.44. The firm has a market capitalization of $287.69 million, a P/E ratio of -6.23 and a beta of 0.69. The company’s 50-day moving average is $32.60 and its 200 day moving average is $34.04.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of ($1.30) by ($0.19). Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same quarter in the prior year, the company earned $0.38 earnings per share. Research analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.74%. Johnson Outdoors’s dividend payout ratio is presently -29.53%.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.