ProShare Advisors LLC Decreases Stock Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

ProShare Advisors LLC reduced its stake in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,045 shares of the company's stock after selling 24,981 shares during the period. ProShare Advisors LLC owned approximately 1.34% of Johnson Outdoors worth $4,829,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JOUT. Lazard Asset Management LLC acquired a new position in shares of Johnson Outdoors in the first quarter worth $101,000. EntryPoint Capital LLC purchased a new position in shares of Johnson Outdoors in the 1st quarter valued at about $136,000. BNP Paribas Financial Markets lifted its stake in 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 during the last quarter. XTX Topco Ltd purchased a new position in shares of Johnson Outdoors in the 2nd quarter valued at $238,000. Finally, Prosperity Consulting Group LLC purchased a new position in shares of Johnson Outdoors during the first quarter worth about $306,000. Institutional investors and hedge funds own 64.05% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Johnson Outdoors from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.

Johnson Outdoors Trading Up 2.9 %

Shares of Johnson Outdoors stock traded up $1.04 on Thursday, reaching $37.03. 41,932 shares of the stock were exchanged, compared to its average volume of 53,442. The firm has a market capitalization of $381.45 million, a PE ratio of 78.79, a PEG 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. The business has a fifty day moving average price of $37.15 and a two-hundred day moving average price of $38.36.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). The company 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 quarter in the prior year, the business earned $1.44 EPS. Research analysts expect that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, October 9th. Johnson Outdoors's dividend payout ratio is presently 280.85%.

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.