Johnson Outdoors Inc. (NASDAQ:JOUT) Stake Reduced by Johnson Financial Group Inc.

Johnson Financial Group Inc. lessened its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,700,195 shares of the company's stock after selling 18,440 shares during the quarter. Johnson Outdoors makes up about 2.7% of Johnson Financial Group Inc.'s portfolio, making the stock its 6th biggest position. Johnson Financial Group Inc. owned approximately 16.46% of Johnson Outdoors worth $56,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Johnson Outdoors by 57.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after acquiring an additional 820 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Johnson Outdoors in the 4th quarter worth $77,000. Wells Fargo & Company MN boosted its position in shares of Johnson Outdoors by 26.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock worth $92,000 after purchasing an additional 583 shares in the last quarter. US Bancorp DE boosted its position in shares of Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock worth $115,000 after purchasing an additional 465 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Johnson Outdoors in the 4th quarter worth $211,000. Institutional investors own 64.05% of the company's stock.

Johnson Outdoors Stock Down 0.8 %

Shares of Johnson Outdoors stock traded down $0.20 during trading on Monday, reaching $23.38. The company's stock had a trading volume of 31,002 shares, compared to its average volume of 51,630. The company has a market cap of $241.61 million, a price-to-earnings ratio of -5.23 and a beta of 0.74. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $43.13. The company has a 50-day simple moving average of $24.75 and a two-hundred day simple moving average of $30.22.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) earnings per share 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 period last year, the firm posted $0.38 earnings per share. As a group, analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.32 annualized dividend and a yield of 5.65%. 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.