Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 97.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,449 shares of the company's stock after selling 54,137 shares during the period. Victory Capital Management Inc.'s holdings in Johnson Outdoors were worth $51,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of Johnson Outdoors during the 1st quarter worth about $101,000. EntryPoint Capital LLC purchased a new stake in shares of Johnson Outdoors in the 1st quarter valued at $136,000. BNP Paribas Financial Markets lifted its position in shares of Johnson Outdoors by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company's stock worth $146,000 after purchasing an additional 1,029 shares in the last quarter. Prosperity Consulting Group LLC acquired a new stake in Johnson Outdoors during the 1st quarter worth approximately $306,000. Finally, Legato Capital Management LLC boosted its position in Johnson Outdoors by 31.5% in the 2nd quarter. Legato Capital Management LLC now owns 16,622 shares of the company's stock valued at $581,000 after buying an additional 3,984 shares during the period. Institutional investors and hedge funds own 64.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Johnson Outdoors from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th.

Johnson Outdoors Stock Performance

Shares of JOUT traded down $0.63 during midday trading on Wednesday, hitting $35.99. The company had a trading volume of 26,996 shares, compared to its average volume of 53,504. The company's 50-day simple moving average is $37.21 and its 200-day simple moving average is $38.38. The firm has a market capitalization of $370.70 million, a P/E ratio of 77.21, a P/E/G ratio of 38.12 and a beta of 0.70. Johnson Outdoors Inc. has a 1 year low of $32.79 and a 1 year high of $55.43.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). The firm had revenue of $172.47 million during the quarter, compared to analysts' expectations of $176.14 million. Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. During the same period in the prior year, the company posted $1.44 earnings per share. Equities analysts predict that Johnson Outdoors Inc. will post 0.07 earnings per share for the current fiscal year.

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.