Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Sold by Prentiss Smith & Co. Inc.

Prentiss Smith & Co. Inc. lowered its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,095 shares of the company’s stock after selling 568 shares during the period. Prentiss Smith & Co. Inc.’s holdings in Johnson Outdoors were worth $486,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Legacy Financial Group LLC purchased a new stake in Johnson Outdoors during the third quarter worth approximately $28,000. SG Americas Securities LLC acquired a new stake in shares of Johnson Outdoors during the fourth quarter worth $101,000. Strs Ohio bought a new position in shares of Johnson Outdoors during the third quarter worth about $114,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Johnson Outdoors during the third quarter worth about $239,000. Finally, Autumn Glory Partners LLC bought a new position in shares of Johnson Outdoors during the third quarter worth about $255,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of Johnson Outdoors stock traded down $0.27 during trading on Thursday, hitting $42.02. 42,199 shares of the stock were exchanged, compared to its average volume of 44,041. The stock’s fifty day moving average is $44.31 and its 200 day moving average is $47.87. The stock has a market cap of $431.97 million, a PE ratio of 24.73, a P/E/G ratio of 1.13 and a beta of 0.74. Johnson Outdoors Inc. has a 12 month low of $41.16 and a 12 month high of $64.71.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, February 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.23. Johnson Outdoors had a net margin of 2.82% and a return on equity of 3.47%. The firm had revenue of $138.64 million during the quarter, compared to analyst estimates of $140.44 million. During the same quarter in the prior year, the firm posted $0.57 EPS. Sell-side analysts anticipate that Johnson Outdoors Inc. will post 2.67 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.14%. Johnson Outdoors’s dividend payout ratio (DPR) is 77.19%.

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.