Legato Capital Management LLC Sells 44,601 Shares of Johnson Outdoors Inc. $JOUT

Legato Capital Management LLC lowered its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 70.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,729 shares of the company’s stock after selling 44,601 shares during the period. Legato Capital Management LLC’s holdings in Johnson Outdoors were worth $795,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highlander Partners L.P. purchased a new stake in Johnson Outdoors in the fourth quarter worth approximately $50,000. Raymond James Financial Inc. purchased a new position in shares of Johnson Outdoors during the 2nd quarter worth $52,000. Strs Ohio purchased a new position in shares of Johnson Outdoors during the 3rd quarter worth $145,000. CWM LLC boosted its stake in shares of Johnson Outdoors by 6.5% during the 4th quarter. CWM LLC now owns 4,743 shares of the company’s stock worth $201,000 after acquiring an additional 289 shares during the last quarter. Finally, Teton Advisors LLC purchased a new position in shares of Johnson Outdoors during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of NASDAQ JOUT opened at $43.56 on Tuesday. The stock has a market capitalization of $456.51 million, a price-to-earnings ratio of -28.66, a P/E/G ratio of 4.15 and a beta of 0.89. Johnson Outdoors Inc. has a 12-month low of $26.17 and a 12-month high of $53.54. The firm’s 50-day moving average price is $47.63 and its 200-day moving average price is $45.47.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. The company had revenue of $194.48 million for the quarter, compared to the consensus estimate of $185.09 million. Johnson Outdoors had a negative net margin of 2.33% and a positive return on equity of 2.52%. On average, equities analysts predict that Johnson Outdoors Inc. will post 0.75 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 16th. Johnson Outdoors’s payout ratio is -86.84%.

Analysts Set New Price Targets

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

Johnson Outdoors 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.