Deprince Race & Zollo Inc. Boosts Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

Deprince Race & Zollo Inc. raised its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 35.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 223,814 shares of the company's stock after purchasing an additional 59,016 shares during the quarter. Deprince Race & Zollo Inc. owned 2.17% of Johnson Outdoors worth $7,829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its holdings in Johnson Outdoors by 39.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company's stock worth $11,449,000 after acquiring an additional 70,300 shares in the last quarter. Skylands Capital LLC boosted its stake in Johnson Outdoors by 43.7% during the second quarter. Skylands Capital LLC now owns 161,900 shares of the company's stock worth $5,663,000 after buying an additional 49,200 shares during the last quarter. Acuitas Investments LLC purchased a new stake in shares of Johnson Outdoors in the second quarter valued at about $1,515,000. Vanguard Group Inc. grew its stake in shares of Johnson Outdoors by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company's stock valued at $15,959,000 after buying an additional 42,314 shares during the period. Finally, Kennedy Capital Management LLC increased its stake in Johnson Outdoors by 66.1% during the first quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company's stock worth $3,367,000 after acquiring an additional 29,065 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company's stock.

Analyst Upgrades and Downgrades

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

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT traded down $0.57 during mid-day trading on Friday, hitting $36.46. The company had a trading volume of 56,144 shares, compared to its average volume of 53,456. The business's 50-day simple moving average is $37.15 and its 200 day simple moving average is $38.36. Johnson Outdoors Inc. has a 1-year low of $32.79 and a 1-year high of $55.43. The company has a market capitalization of $375.57 million, a PE ratio of 77.57, a price-to-earnings-growth ratio of 38.12 and a beta of 0.70.

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. On average, analysts expect that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Wednesday, October 9th. Johnson Outdoors's payout ratio is 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.