Johnson Outdoors Inc. $JOUT Holdings Increased by Peapod Lane Capital LLC

Peapod Lane Capital LLC grew its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,641 shares of the company’s stock after buying an additional 7,170 shares during the quarter. Johnson Outdoors accounts for approximately 2.9% of Peapod Lane Capital LLC’s holdings, making the stock its 9th biggest holding. Peapod Lane Capital LLC owned approximately 0.93% of Johnson Outdoors worth $2,895,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Unison Advisors LLC purchased a new stake in shares of Johnson Outdoors during the 2nd quarter valued at about $207,000. Skylands Capital LLC raised its position in shares of Johnson Outdoors by 20.8% during the 1st quarter. Skylands Capital LLC now owns 195,950 shares of the company’s stock valued at $4,867,000 after buying an additional 33,750 shares in the last quarter. Dean Capital Management raised its position in shares of Johnson Outdoors by 27.1% during the 1st quarter. Dean Capital Management now owns 63,466 shares of the company’s stock valued at $1,576,000 after buying an additional 13,524 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Johnson Outdoors by 523.6% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 55,143 shares of the company’s stock valued at $1,370,000 after buying an additional 46,301 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Johnson Outdoors during the 1st quarter valued at about $203,000. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Outdoors Price Performance

Shares of JOUT stock opened at $43.89 on Friday. The company has a market capitalization of $455.14 million, a P/E ratio of -11.34, a P/E/G ratio of 2.91 and a beta of 0.85. The company’s 50-day simple moving average is $41.10 and its two-hundred day simple moving average is $33.21. Johnson Outdoors Inc. has a one year low of $21.33 and a one year high of $43.97.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Friday, August 1st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.51. The business had revenue of $180.66 million for the quarter, compared to the consensus estimate of $172.98 million. Johnson Outdoors had a negative net margin of 7.02% and a negative return on equity of 8.80%. On average, research analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, October 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. Johnson Outdoors’s dividend payout ratio (DPR) is currently -34.11%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JOUT. Weiss Ratings reissued a “sell (d+)” rating on shares of Johnson Outdoors in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Finally, Zacks Research lowered shares of Johnson Outdoors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Johnson Outdoors has an average rating of “Sell”.

Johnson Outdoors 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.