First Eagle Investment Management LLC Has $4.03 Million Stock Holdings in Johnson Outdoors Inc. $JOUT

First Eagle Investment Management LLC raised its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 25.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 133,047 shares of the company’s stock after acquiring an additional 27,147 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.29% of Johnson Outdoors worth $4,027,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JOUT. Peapod Lane Capital LLC raised its position in Johnson Outdoors by 8.1% during the 2nd quarter. Peapod Lane Capital LLC now owns 95,641 shares of the company’s stock worth $2,895,000 after purchasing an additional 7,170 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Johnson Outdoors in the second quarter valued at about $120,000. Unison Advisors LLC bought a new position in shares of Johnson Outdoors during the second quarter worth about $207,000. CWM LLC lifted its stake in shares of Johnson Outdoors by 157.5% in the second quarter. CWM LLC now owns 4,056 shares of the company’s stock worth $123,000 after acquiring an additional 2,481 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Johnson Outdoors by 17.3% in the first quarter. Acadian Asset Management LLC now owns 15,106 shares of the company’s stock valued at $374,000 after acquiring an additional 2,230 shares during the last quarter. Institutional investors own 64.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JOUT. Zacks Research upgraded shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Johnson Outdoors in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Johnson Outdoors presently has an average rating of “Reduce”.

Johnson Outdoors Trading Down 0.7%

Shares of NASDAQ JOUT opened at $38.96 on Friday. The firm has a market capitalization of $404.09 million, a P/E ratio of -10.07, a P/E/G ratio of 2.90 and a beta of 0.89. The firm’s 50-day moving average price is $41.16 and its 200-day moving average price is $34.65. Johnson Outdoors Inc. has a 1-year low of $21.33 and a 1-year high of $44.44.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, October 10th. Johnson Outdoors’s dividend payout ratio is presently -34.11%.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.