Bank of New York Mellon Corp Sells 783 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Bank of New York Mellon Corp cut its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,464 shares of the company’s stock after selling 783 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.63% of Johnson Outdoors worth $2,255,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JOUT. Gamco Investors INC. ET AL increased its holdings in Johnson Outdoors by 39.5% during the first quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock worth $11,449,000 after buying an additional 70,300 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Johnson Outdoors by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after acquiring an additional 42,314 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Johnson Outdoors by 66.1% during the 1st quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company’s stock worth $3,367,000 after purchasing an additional 29,065 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Johnson Outdoors by 17.3% in the 1st quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock valued at $7,517,000 after purchasing an additional 23,987 shares during the period. Finally, Isthmus Partners LLC lifted its stake in Johnson Outdoors by 83.5% in the 1st quarter. Isthmus Partners LLC now owns 50,173 shares of the company’s stock valued at $2,313,000 after purchasing an additional 22,833 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Stock Up 0.6 %

Shares of JOUT stock opened at $36.67 on Tuesday. Johnson Outdoors Inc. has a 12-month low of $32.79 and a 12-month high of $55.43. The company has a market capitalization of $377.74 million, a PE ratio of 78.02, a price-to-earnings-growth ratio of 36.24 and a beta of 0.70. The firm has a 50 day moving average price of $37.00 and a two-hundred day moving average price of $38.67.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. The business had revenue of $172.47 million for the quarter, compared to the consensus estimate of $176.14 million. During the same period in the prior year, the business posted $1.44 earnings per share. As a group, research analysts expect that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

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.