Prentiss Smith & Co. Inc. Trims Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Prentiss Smith & Co. Inc. cut its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,095 shares of the company’s stock after selling 568 shares during the period. Prentiss Smith & Co. Inc. owned about 0.09% of Johnson Outdoors worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Johnson Outdoors by 4.6% during the third quarter. Wellington Management Group LLP now owns 133,370 shares of the company’s stock valued at $7,294,000 after purchasing an additional 5,900 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Johnson Outdoors by 39.3% during the third quarter. Gamco Investors INC. ET AL now owns 110,400 shares of the company’s stock valued at $6,038,000 after purchasing an additional 31,172 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of Johnson Outdoors by 18.5% during the fourth quarter. North Star Investment Management Corp. now owns 76,300 shares of the company’s stock valued at $4,076,000 after purchasing an additional 11,900 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Johnson Outdoors by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 76,188 shares of the company’s stock valued at $4,167,000 after purchasing an additional 2,055 shares in the last quarter. Finally, Skylands Capital LLC grew its position in shares of Johnson Outdoors by 86.6% during the third quarter. Skylands Capital LLC now owns 68,658 shares of the company’s stock valued at $3,755,000 after purchasing an additional 31,858 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock traded down $0.27 during trading on Thursday, reaching $42.02. 42,199 shares of the stock traded hands, compared to its average volume of 44,041. The company has a market capitalization of $431.97 million, a price-to-earnings ratio of 24.73, a P/E/G ratio of 1.13 and a beta of 0.74. The business has a fifty day simple moving average of $44.31 and a two-hundred day simple moving average of $47.87. Johnson Outdoors Inc. has a 52-week low of $41.16 and a 52-week high of $64.71.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.15 by $0.23. The company had revenue of $138.64 million during the quarter, compared to analyst estimates of $140.44 million. Johnson Outdoors had a return on equity of 3.47% and a net margin of 2.82%. During the same quarter last year, the business posted $0.57 earnings per share. On average, research analysts predict that Johnson Outdoors Inc. will post 2.67 earnings per share for the current fiscal year.

Johnson Outdoors Announces Dividend

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

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.