New York State Common Retirement Fund cut its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,832 shares of the company’s stock after selling 1,011 shares during the period. New York State Common Retirement Fund owned about 0.16% of Johnson Outdoors worth $1,675,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in Johnson Outdoors by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,153 shares of the company’s stock valued at $382,000 after buying an additional 89 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of Johnson Outdoors by 1.5% during the 2nd quarter. WINTON GROUP Ltd now owns 8,479 shares of the company’s stock valued at $1,026,000 after acquiring an additional 126 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Johnson Outdoors by 3.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,373 shares of the company’s stock valued at $463,000 after acquiring an additional 144 shares during the period. Ellsworth Advisors LLC grew its position in shares of Johnson Outdoors by 6.1% during the 3rd quarter. Ellsworth Advisors LLC now owns 4,142 shares of the company’s stock valued at $438,000 after acquiring an additional 239 shares during the period. Finally, Invesco Ltd. grew its position in shares of Johnson Outdoors by 5.1% during the 2nd quarter. Invesco Ltd. now owns 5,852 shares of the company’s stock valued at $708,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 64.08% of the company’s stock.
Shares of JOUT stock opened at $90.01 on Thursday. Johnson Outdoors Inc. has a 1 year low of $89.48 and a 1 year high of $154.18. The firm has a fifty day moving average price of $101.30 and a 200-day moving average price of $108.97. The company has a market cap of $911.53 million, a price-to-earnings ratio of 10.96 and a beta of 0.86.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Friday, December 10th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Johnson Outdoors had a net margin of 11.09% and a return on equity of 19.24%. The firm had revenue of $166.26 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 27th. Investors of record on Thursday, January 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, January 12th. Johnson Outdoors’s dividend payout ratio is currently 14.62%.
About Johnson Outdoors
Johnson Outdoors, Inc engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brands Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors; Humminbird sonar and GPS equipment for fishfinding, navigation and marine cartography; and Cannon downriggers for controlled-depth fishing.
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