Johnson Outdoors Inc. (NASDAQ:JOUT) Stock Position Lessened by Cambiar Investors LLC

Cambiar Investors LLC lessened its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,429 shares of the company’s stock after selling 3,295 shares during the quarter. Cambiar Investors LLC owned about 0.37% of Johnson Outdoors worth $1,268,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JOUT. nVerses Capital LLC boosted its stake in Johnson Outdoors by 100.0% during the third quarter. nVerses Capital LLC now owns 800 shares of the company’s stock valued at $29,000 after buying an additional 400 shares in the last quarter. FMR LLC boosted its position in shares of Johnson Outdoors by 94.0% during the 3rd quarter. FMR LLC now owns 1,335 shares of the company’s stock valued at $48,000 after purchasing an additional 647 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Johnson Outdoors by 143.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company’s stock valued at $180,000 after purchasing an additional 2,922 shares in the last quarter. Barclays PLC grew its stake in shares of Johnson Outdoors by 182.9% in the 3rd quarter. Barclays PLC now owns 6,575 shares of the company’s stock worth $238,000 after purchasing an additional 4,251 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Johnson Outdoors during the third quarter valued at approximately $253,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Stock Performance

Shares of NASDAQ:JOUT opened at $29.13 on Wednesday. The stock has a market capitalization of $300.91 million, a price-to-earnings ratio of -6.52 and a beta of 0.69. Johnson Outdoors Inc. has a 1-year low of $28.15 and a 1-year high of $47.97. The company has a 50 day moving average price of $33.60 and a 200 day moving average price of $34.68.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($1.30) by ($0.19). Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same period in the prior year, the business earned $0.38 EPS. On average, sell-side analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.32 annualized dividend and a yield of 4.53%. Johnson Outdoors’s payout ratio is presently -29.53%.

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.