New York State Common Retirement Fund Has $932,000 Stake in Johnson Outdoors Inc. (JOUT)

New York State Common Retirement Fund increased its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 54.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,861 shares of the company’s stock after purchasing an additional 5,590 shares during the period. New York State Common Retirement Fund owned 0.16% of Johnson Outdoors worth $932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Johnson Outdoors during the 3rd quarter valued at approximately $205,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Johnson Outdoors in the 3rd quarter worth $317,000. MetLife Investment Advisors LLC increased its holdings in shares of Johnson Outdoors by 54.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 3,905 shares of the company’s stock worth $363,000 after purchasing an additional 1,381 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Johnson Outdoors in the 3rd quarter worth $519,000. Finally, Rhumbline Advisers increased its holdings in shares of Johnson Outdoors by 94.5% in the 4th quarter. Rhumbline Advisers now owns 8,846 shares of the company’s stock worth $520,000 after purchasing an additional 4,297 shares in the last quarter. 61.75% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $60.06, for a total value of $60,060.00. Following the sale, the chief financial officer now directly owns 15,958 shares of the company’s stock, valued at $958,437.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.60% of the company’s stock.

NASDAQ JOUT traded up $0.11 on Friday, hitting $72.42. 17,873 shares of the company traded hands, compared to its average volume of 28,704. Johnson Outdoors Inc. has a 52-week low of $54.66 and a 52-week high of $107.36. The company has a market capitalization of $726.95 million, a PE ratio of 15.44 and a beta of 1.08.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Monday, February 4th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.22). Johnson Outdoors had a net margin of 8.26% and a return on equity of 15.95%. The business had revenue of $104.44 million during the quarter, compared to analysts’ expectations of $119.92 million. Sell-side analysts anticipate that Johnson Outdoors Inc. will post 4.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. Johnson Outdoors’s dividend payout ratio (DPR) is 11.94%.

Several analysts recently commented on JOUT shares. ValuEngine raised Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub lowered Johnson Outdoors from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 1st. Finally, Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.50.

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About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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