First Eagle Investment Management LLC Makes New $1.70 Million Investment in Johnson Outdoors Inc. (NASDAQ:JOUT)

First Eagle Investment Management LLC purchased a new stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 51,369 shares of the company's stock, valued at approximately $1,695,000. First Eagle Investment Management LLC owned 0.50% of Johnson Outdoors at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. US Bancorp DE raised its holdings in Johnson Outdoors by 15.4% in the fourth quarter. US Bancorp DE now owns 3,477 shares of the company's stock worth $115,000 after buying an additional 465 shares during the last quarter. FMR LLC grew its stake in shares of Johnson Outdoors by 94.0% in the third quarter. FMR LLC now owns 1,335 shares of the company's stock worth $48,000 after acquiring an additional 647 shares during the period. Empowered Funds LLC grew its stake in shares of Johnson Outdoors by 4.9% in the fourth quarter. Empowered Funds LLC now owns 19,314 shares of the company's stock worth $637,000 after acquiring an additional 903 shares during the period. Diversified Investment Strategies LLC grew its stake in shares of Johnson Outdoors by 3.7% in the fourth quarter. Diversified Investment Strategies LLC now owns 43,194 shares of the company's stock worth $1,425,000 after acquiring an additional 1,529 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of 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 in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

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Johnson Outdoors Price Performance

Shares of NASDAQ:JOUT traded down $0.59 during midday trading on Thursday, hitting $24.77. The company had a trading volume of 61,728 shares, compared to its average volume of 48,923. The company has a market cap of $255.97 million, a price-to-earnings ratio of -5.54 and a beta of 0.63. Johnson Outdoors Inc. has a 12-month low of $24.56 and a 12-month high of $46.38. The company has a fifty day moving average of $29.49 and a two-hundred day moving average of $32.80.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business earned $0.38 earnings per share. Research analysts expect that Johnson Outdoors Inc. will post -0.58 earnings per share for the current fiscal year.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.33 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.32 dividend on an annualized basis and a yield of 5.33%. Johnson Outdoors's payout ratio is presently -29.53%.

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.