Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,314 shares of the company’s stock after acquiring an additional 903 shares during the quarter. Empowered Funds LLC owned approximately 0.19% of Johnson Outdoors worth $637,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC raised its holdings in shares of Johnson Outdoors by 100.0% during the third quarter. nVerses Capital LLC now owns 800 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares during the last quarter. FMR LLC grew its position in shares of Johnson Outdoors by 94.0% in the third quarter. FMR LLC now owns 1,335 shares of the company’s stock valued at $48,000 after purchasing an additional 647 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Johnson Outdoors by 143.4% in the third quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company’s stock valued at $180,000 after purchasing an additional 2,922 shares in the last quarter. Barclays PLC grew its position in shares of Johnson Outdoors by 182.9% in the third quarter. Barclays PLC now owns 6,575 shares of the company’s stock valued at $238,000 after purchasing an additional 4,251 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Johnson Outdoors in the third quarter valued at approximately $253,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

JOUT stock opened at $29.93 on Wednesday. The business has a 50 day simple moving average of $33.21 and a 200-day simple moving average of $34.25. The firm has a market capitalization of $309.24 million, a PE ratio of -6.69 and a beta of 0.69. Johnson Outdoors Inc. has a 1 year low of $28.15 and a 1 year high of $46.44.

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

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were given a $0.33 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.41%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -29.53%.

About Johnson Outdoors

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.