Deprince Race & Zollo Inc. Sells 88,615 Shares of Johnson Outdoors Inc. $JOUT

Deprince Race & Zollo Inc. trimmed its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 33.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,998 shares of the company’s stock after selling 88,615 shares during the period. Deprince Race & Zollo Inc.’s holdings in Johnson Outdoors were worth $8,139,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JOUT. Divisadero Street Capital Management LP bought a new position in shares of Johnson Outdoors during the 3rd quarter valued at $7,676,000. Aristides Capital LLC boosted its holdings in Johnson Outdoors by 188.4% in the third quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock worth $3,653,000 after purchasing an additional 59,079 shares in the last quarter. Corient Private Wealth LLC bought a new position in Johnson Outdoors during the second quarter valued at about $1,528,000. Two Sigma Investments LP raised its holdings in Johnson Outdoors by 429.5% during the third quarter. Two Sigma Investments LP now owns 56,159 shares of the company’s stock valued at $2,268,000 after buying an additional 45,552 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Johnson Outdoors by 74.4% in the fourth quarter. AQR Capital Management LLC now owns 100,125 shares of the company’s stock worth $4,250,000 after buying an additional 42,715 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

Shares of JOUT opened at $43.48 on Friday. The company has a market capitalization of $455.67 million, a PE ratio of -28.61, a price-to-earnings-growth ratio of 4.23 and a beta of 0.81. Johnson Outdoors Inc. has a one year low of $30.35 and a one year high of $53.54. The company’s fifty day moving average price is $46.35 and its 200 day moving average price is $46.59.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, May 8th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $194.48 million during the quarter, compared to analyst estimates of $185.09 million. Analysts anticipate that Johnson Outdoors Inc. will post 0.75 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th will be paid a $0.33 dividend. The ex-dividend date is Thursday, July 16th. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -86.84%.

Analysts Set New Price Targets

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

Johnson Outdoors Profile

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.