Charles Schwab Investment Management Inc. Sells 6,475 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Charles Schwab Investment Management Inc. decreased its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,768 shares of the company’s stock after selling 6,475 shares during the period. Charles Schwab Investment Management Inc. owned about 0.43% of Johnson Outdoors worth $1,621,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. lifted its holdings in shares of Johnson Outdoors by 35.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock valued at $7,829,000 after acquiring an additional 59,016 shares during the last quarter. Skylands Capital LLC lifted its stake in Johnson Outdoors by 43.7% during the 2nd quarter. Skylands Capital LLC now owns 161,900 shares of the company’s stock valued at $5,663,000 after acquiring an additional 49,200 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Johnson Outdoors by 33.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock worth $2,734,000 after purchasing an additional 19,013 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Johnson Outdoors by 71.5% during the third quarter. Rice Hall James & Associates LLC now owns 72,211 shares of the company’s stock worth $2,614,000 after purchasing an additional 30,100 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new position in Johnson Outdoors in the 2nd quarter worth approximately $1,515,000. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Stock Down 2.6 %

Shares of Johnson Outdoors stock opened at $37.20 on Tuesday. The firm has a market cap of $383.20 million, a PE ratio of -14.31, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71. Johnson Outdoors Inc. has a 52 week low of $29.98 and a 52 week high of $53.86. The business’s fifty day simple moving average is $33.61 and its 200-day simple moving average is $35.31.

Johnson Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.32 annualized dividend and a yield of 3.55%. Johnson Outdoors’s dividend payout ratio is presently -50.77%.

Johnson Outdoors 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.