Dean Capital Management Decreases Stake in Johnson Outdoors Inc. $JOUT

Dean Capital Management lessened its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 64.9% in the 4th quarter, HoldingsChannel reports. The fund owned 35,491 shares of the company’s stock after selling 65,686 shares during the period. Dean Capital Management’s holdings in Johnson Outdoors were worth $1,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JOUT. CANADA LIFE ASSURANCE Co increased its position in shares of Johnson Outdoors by 57.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock valued at $43,000 after purchasing an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Johnson Outdoors by 260.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock worth $48,000 after purchasing an additional 811 shares during the last quarter. Highlander Partners L.P. purchased a new stake in shares of Johnson Outdoors during the 4th quarter worth $50,000. Kemnay Advisory Services Inc. acquired a new position in shares of Johnson Outdoors during the fourth quarter worth $50,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Johnson Outdoors during the second quarter worth $52,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JOUT has been the topic of several recent analyst reports. Zacks Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Johnson Outdoors in a report on Friday, May 8th. Finally, Wall Street Zen cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Johnson Outdoors Stock Up 2.2%

Shares of Johnson Outdoors stock opened at $46.51 on Friday. Johnson Outdoors Inc. has a 52 week low of $28.80 and a 52 week high of $53.54. The firm’s 50 day moving average is $47.48 and its two-hundred day moving average is $46.30. The firm has a market capitalization of $487.42 million, a P/E ratio of -30.60, a P/E/G ratio of 4.33 and a beta of 0.82.

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

Johnson Outdoors Dividend Announcement

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

About Johnson Outdoors

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.