Johnson Outdoors Inc. (JOUT) Stake Lessened by Northern Trust Corp

Northern Trust Corp reduced its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,710 shares of the company’s stock after selling 749 shares during the quarter. Northern Trust Corp owned 0.83% of Johnson Outdoors worth $4,917,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of Johnson Outdoors by 16.4% during the 4th quarter. Citigroup Inc. now owns 1,558 shares of the company’s stock worth $92,000 after acquiring an additional 220 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Johnson Outdoors by 7.5% during the 3rd quarter. Teachers Advisors LLC now owns 11,193 shares of the company’s stock worth $1,041,000 after purchasing an additional 779 shares during the last quarter. LSV Asset Management raised its position in shares of Johnson Outdoors by 2.6% during the 4th quarter. LSV Asset Management now owns 31,500 shares of the company’s stock worth $1,850,000 after purchasing an additional 800 shares during the last quarter. MetLife Investment Advisors LLC raised its position in shares of Johnson Outdoors by 54.7% during 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 during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Johnson Outdoors by 18.2% during the 4th quarter. First Trust Advisors LP now owns 10,613 shares of the company’s stock worth $623,000 after purchasing an additional 1,636 shares during the last quarter. 61.75% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on JOUT shares. BidaskClub downgraded shares of Johnson Outdoors from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 1st. ValuEngine downgraded shares of Johnson Outdoors from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Johnson Outdoors from a “strong sell” rating to a “strong-buy” rating and set a $72.00 price target for the company in a research report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Johnson Outdoors presently has a consensus rating of “Hold” and an average target price of $73.50.

JOUT opened at $72.42 on Friday. Johnson Outdoors Inc. has a twelve month low of $54.66 and a twelve month high of $107.36. The stock has a market cap of $726.95 million, a P/E ratio of 15.44 and a beta of 1.08.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Monday, February 4th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.22). Johnson Outdoors had a return on equity of 15.95% and a net margin of 8.26%. The company had revenue of $104.44 million for the quarter, compared to analyst estimates of $119.92 million. Analysts forecast that Johnson Outdoors Inc. will post 4.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be given a dividend of $0.14 per share. The ex-dividend date 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 presently 11.94%.

In related news, CFO David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $60.06, for a total transaction of $60,060.00. Following the completion of the transaction, the chief financial officer now owns 15,958 shares in the company, valued at approximately $958,437.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.60% of the stock is owned by corporate insiders.

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Johnson Outdoors Company Profile

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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