Rodgers Brothers Inc. Has $1.98 Million Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Rodgers Brothers Inc. lifted its stake in Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) by 34.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,086 shares of the company's stock after acquiring an additional 15,470 shares during the period. Rodgers Brothers Inc. owned 0.58% of Johnson Outdoors worth $1,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Johnson Outdoors by 182.9% during the third quarter. Barclays PLC now owns 6,575 shares of the company's stock valued at $238,000 after acquiring an additional 4,251 shares during the period. First Eagle Investment Management LLC bought a new stake in Johnson Outdoors during the 4th quarter valued at approximately $1,695,000. FMR LLC grew its holdings in Johnson Outdoors by 94.0% in the 3rd quarter. FMR LLC now owns 1,335 shares of the company's stock valued at $48,000 after buying an additional 647 shares during the last quarter. Peapod Lane Capital LLC bought a new position in Johnson Outdoors in the 4th quarter worth approximately $1,809,000. Finally, Wallace Capital Management Inc. lifted its holdings in shares of Johnson Outdoors by 11.2% during the third quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company's stock worth $13,406,000 after buying an additional 37,433 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Stock Performance

Shares of JOUT traded up $0.57 during mid-day trading on Wednesday, hitting $25.51. The company's stock had a trading volume of 29,096 shares, compared to its average volume of 51,878. The stock's 50-day moving average is $28.02 and its two-hundred day moving average is $32.09. The firm has a market capitalization of $263.62 million, a PE ratio of -5.71 and a beta of 0.63. Johnson Outdoors Inc. has a one year low of $24.16 and a one year high of $46.09.

Remove Ads

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.30) by ($0.19). Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same quarter last year, the business earned $0.38 earnings per share. Analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be issued a $0.33 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.32 annualized dividend and a yield of 5.17%. Johnson Outdoors's dividend payout ratio (DPR) is -29.53%.

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.