North Star Investment Management Corp. Buys 17,899 Shares of Johnson Outdoors Inc. $JOUT

North Star Investment Management Corp. raised its stake in Johnson Outdoors Inc. (NASDAQ:JOUTFree Report) by 51.4% during the first quarter, HoldingsChannel reports. The fund owned 52,700 shares of the company’s stock after buying an additional 17,899 shares during the period. North Star Investment Management Corp.’s holdings in Johnson Outdoors were worth $2,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JOUT. Aristides Capital LLC boosted its stake in Johnson Outdoors by 188.4% in the 3rd quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock worth $3,653,000 after purchasing an additional 59,079 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in Johnson Outdoors during the 3rd quarter valued at about $7,676,000. CSM Advisors LLC raised its holdings in Johnson Outdoors by 34.0% in the third quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock worth $3,609,000 after buying an additional 22,675 shares during the last quarter. Dean Capital Management raised its holdings 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 buying an additional 24,102 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings 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 buying an additional 17,700 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Price Performance

Johnson Outdoors stock opened at $47.11 on Monday. Johnson Outdoors Inc. has a one year low of $28.80 and a one year high of $53.54. The stock has a market capitalization of $493.72 million, a PE ratio of -30.99, a price-to-earnings-growth ratio of 4.45 and a beta of 0.82. The business’s fifty day moving average is $46.86 and its 200 day moving average is $46.53.

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

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 16th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, July 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. Johnson Outdoors’s dividend payout ratio is -86.84%.

Analysts Set New Price Targets

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

View Our Latest Stock Report on JOUT

About Johnson Outdoors

(Free Report)

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.

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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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