Sei Investments Co. Buys 27,621 Shares of Johnson Outdoors Inc. $JOUT

Sei Investments Co. increased its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 120.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 50,559 shares of the company’s stock after acquiring an additional 27,621 shares during the quarter. Sei Investments Co.’s holdings in Johnson Outdoors were worth $2,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC purchased a new stake in Johnson Outdoors in the 2nd quarter valued at about $1,528,000. Two Sigma Investments LP increased its position in shares of Johnson Outdoors by 429.5% during the third quarter. Two Sigma Investments LP now owns 56,159 shares of the company’s stock worth $2,268,000 after acquiring an additional 45,552 shares during the period. AQR Capital Management LLC raised its stake in shares of Johnson Outdoors by 74.4% during the fourth quarter. AQR Capital Management LLC now owns 100,125 shares of the company’s stock valued at $4,250,000 after acquiring an additional 42,715 shares in the last quarter. CSM Advisors LLC raised its stake in shares of Johnson Outdoors by 42.0% during the fourth quarter. CSM Advisors LLC now owns 126,885 shares of the company’s stock valued at $5,387,000 after acquiring an additional 37,520 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Johnson Outdoors by 92.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company’s stock valued at $2,893,000 after purchasing an additional 32,668 shares during the period. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock opened at $48.22 on Friday. The stock has a market cap of $505.35 million, a price-to-earnings ratio of -56.73, a PEG ratio of 4.59 and a beta of 0.81. The firm’s 50-day moving average is $45.89 and its two-hundred day moving average is $46.94. Johnson Outdoors Inc. has a 1 year low of $34.69 and a 1 year high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, August 7th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.68 by $0.74. Johnson Outdoors had a negative net margin of 2.33% and a positive return on equity of 2.52%. The business had revenue of $189.73 million during the quarter, compared to analyst estimates of $186.19 million. On average, equities analysts expect that Johnson Outdoors Inc. will post 0.75 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 16th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. Johnson Outdoors’s payout ratio is -86.84%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Johnson Outdoors in a research report on Wednesday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Johnson Outdoors has an average rating of “Reduce”.

Johnson Outdoors Company Profile

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.