Skylands Capital LLC Has $2.77 Million Holdings in Johnson Outdoors Inc. $JOUT

Skylands Capital LLC trimmed its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 28.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 59,484 shares of the company’s stock after selling 24,016 shares during the period. Skylands Capital LLC’s holdings in Johnson Outdoors were worth $2,767,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Aristides Capital LLC increased its holdings in Johnson Outdoors by 188.4% in the third quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock worth $3,653,000 after buying an additional 59,079 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in Johnson Outdoors during the third quarter valued at approximately $7,676,000. CSM Advisors LLC lifted its stake in Johnson Outdoors by 34.0% in the third quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock valued at $3,609,000 after acquiring an additional 22,675 shares during the last quarter. Dean Capital Management grew its position in Johnson Outdoors by 31.3% in the third quarter. Dean Capital Management now owns 101,177 shares of the company’s stock worth $4,087,000 after acquiring an additional 24,102 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Johnson Outdoors by 4.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company’s stock worth $17,748,000 after acquiring an additional 17,700 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Trading Up 2.4%

Shares of Johnson Outdoors stock opened at $47.11 on Friday. The firm has a fifty day simple moving average of $46.86 and a 200-day simple moving average of $46.49. The stock has a market capitalization of $493.72 million, a price-to-earnings ratio of -30.99, a PEG ratio of 4.45 and a beta of 0.82. Johnson Outdoors Inc. has a 1-year low of $28.80 and a 1-year high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. The business had revenue of $194.48 million for the quarter, compared to analyst estimates of $185.09 million. Johnson Outdoors had a negative net margin of 2.33% and a positive return on equity of 2.52%. As a group, research analysts predict that Johnson Outdoors Inc. will post 0.75 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 16th. Johnson Outdoors’s dividend payout ratio (DPR) is currently -86.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JOUT. Wall Street Zen downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Johnson Outdoors in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Johnson Outdoors presently has a consensus rating of “Reduce”.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.