Allspring Global Investments Holdings LLC Increases Stock Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Allspring Global Investments Holdings LLC grew its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 33.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,530 shares of the company's stock after buying an additional 19,013 shares during the period. Allspring Global Investments Holdings LLC owned 0.73% of Johnson Outdoors worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Johnson Outdoors by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company's stock worth $15,959,000 after purchasing an additional 42,314 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Johnson Outdoors by 39.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company's stock valued at $11,449,000 after buying an additional 70,300 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in Johnson Outdoors by 35.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company's stock worth $7,829,000 after acquiring an additional 59,016 shares during the last quarter. ProShare Advisors LLC increased its stake in Johnson Outdoors by 17.3% in the 1st quarter. ProShare Advisors LLC now owns 163,026 shares of the company's stock worth $7,517,000 after acquiring an additional 23,987 shares during the last quarter. Finally, Skylands Capital LLC raised its holdings in shares of Johnson Outdoors by 43.7% during the 2nd quarter. Skylands Capital LLC now owns 161,900 shares of the company's stock worth $5,663,000 after acquiring an additional 49,200 shares in the last quarter. Institutional investors own 64.05% of the company's stock.

Wall Street Analyst Weigh In

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

Johnson Outdoors Stock Down 0.3 %

NASDAQ:JOUT traded down $0.10 during mid-day trading on Wednesday, hitting $32.37. 22,430 shares of the stock traded hands, compared to its average volume of 50,868. The stock has a market capitalization of $333.44 million, a price-to-earnings ratio of 69.09, a PEG ratio of 1.40 and a beta of 0.70. Johnson Outdoors Inc. has a 52 week low of $32.01 and a 52 week high of $55.30. The firm's 50 day moving average is $35.34 and its two-hundred day moving average is $36.59.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its 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). 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 for the quarter, compared to analysts' expectations of $176.14 million. During the same period in the prior year, the firm posted $1.44 earnings per share. As a group, research analysts predict that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Wednesday, October 9th. Johnson Outdoors's dividend payout ratio (DPR) is presently 280.85%.

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.