North Star Investment Management Corp. Increases Stock Holdings in Johnson Outdoors Inc. $JOUT

North Star Investment Management Corp. boosted its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 51.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,700 shares of the company’s stock after acquiring an additional 17,899 shares during the period. North Star Investment Management Corp. owned 0.51% of Johnson Outdoors worth $2,451,000 at the end of the most recent reporting period.

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

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock opened at $47.11 on Monday. Johnson Outdoors Inc. has a 1 year low of $28.80 and a 1 year high of $53.54. The firm has a market cap of $493.72 million, a price-to-earnings ratio of -30.99, a PEG ratio of 4.45 and a beta of 0.82. The company has a 50-day moving average of $46.86 and a 200 day moving average of $46.53.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. The business had revenue of $194.48 million for the quarter, compared to analyst estimates of $185.09 million. Johnson Outdoors had a negative net margin of 2.33% and a positive return on equity of 2.52%. On average, equities analysts anticipate that Johnson Outdoors Inc. will post 0.75 EPS for the current year.

Johnson Outdoors Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.