Dimensional Fund Advisors LP Has $20.10 Million Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Dimensional Fund Advisors LP decreased its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 574,497 shares of the company's stock after selling 54,353 shares during the quarter. Dimensional Fund Advisors LP owned about 5.58% of Johnson Outdoors worth $20,095,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JOUT. Acuitas Investments LLC acquired a new position in Johnson Outdoors during the second quarter valued at approximately $1,515,000. Skylands Capital LLC grew its holdings in Johnson Outdoors by 43.7% during the second quarter. Skylands Capital LLC now owns 161,900 shares of the company's stock valued at $5,663,000 after purchasing an additional 49,200 shares during the period. Legato Capital Management LLC grew its holdings in Johnson Outdoors by 31.5% during the second quarter. Legato Capital Management LLC now owns 16,622 shares of the company's stock valued at $581,000 after purchasing an additional 3,984 shares during the period. Olstein Capital Management L.P. grew its holdings in Johnson Outdoors by 29.4% during the second quarter. Olstein Capital Management L.P. now owns 66,000 shares of the company's stock valued at $2,309,000 after purchasing an additional 15,000 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in Johnson Outdoors by 66.1% during the first quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company's stock valued at $3,367,000 after purchasing an additional 29,065 shares during the period. Institutional investors and hedge funds own 64.05% of the company's stock.

Johnson Outdoors Price Performance

JOUT traded down $0.22 during trading on Friday, reaching $34.65. The company had a trading volume of 36,011 shares, compared to its average volume of 52,934. Johnson Outdoors Inc. has a 12 month low of $32.79 and a 12 month high of $55.43. The business's fifty day moving average price is $36.84 and its 200 day moving average price is $38.09. The company has a market cap of $356.93 million, a P/E ratio of 73.91, a PEG ratio of 38.12 and a beta of 0.70.

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 for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. The company had revenue of $172.47 million during the quarter, compared to the consensus estimate of $176.14 million. During the same period in the previous year, the firm posted $1.44 EPS. As a group, sell-side analysts predict that Johnson Outdoors Inc. will post 0.07 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, October 9th. Johnson Outdoors's payout ratio is currently 280.85%.

Wall Street Analyst Weigh In

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

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.