Illumine Investment Management LLC Buys Shares of 20,526 Johnson Outdoors Inc. $JOUT

Illumine Investment Management LLC purchased a new stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,526 shares of the company’s stock, valued at approximately $955,000. Illumine Investment Management LLC owned about 0.20% of Johnson Outdoors at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its stake in 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 acquiring an additional 373 shares during the period. EverSource Wealth Advisors LLC boosted its position in Johnson Outdoors by 260.8% during the fourth 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 period. Kemnay Advisory Services Inc. purchased a new position in shares of Johnson Outdoors in the fourth quarter worth about $50,000. Highlander Partners L.P. purchased a new position in shares of Johnson Outdoors in the fourth quarter worth about $50,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Johnson Outdoors in the second quarter valued at approximately $52,000. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of Johnson Outdoors stock opened at $44.25 on Tuesday. The company’s 50-day moving average price is $45.12 and its 200-day moving average price is $46.58. Johnson Outdoors Inc. has a 12-month low of $30.35 and a 12-month high of $53.54. The company has a market cap of $463.74 million, a price-to-earnings ratio of -29.11, a PEG ratio of 4.21 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. The company had revenue of $194.48 million during the quarter, compared to analysts’ expectations 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, sell-side analysts predict that Johnson Outdoors Inc. will post 0.75 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, July 16th. Johnson Outdoors’s payout ratio is -86.84%.

Wall Street Analyst Weigh In

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