First Eagle Investment Management LLC Takes $1.70 Million Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

First Eagle Investment Management LLC purchased a new position in Johnson Outdoors Inc. (NASDAQ:JOUT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,369 shares of the company’s stock, valued at approximately $1,695,000. First Eagle Investment Management LLC owned 0.50% of Johnson Outdoors as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE raised its stake in Johnson Outdoors by 15.4% in the fourth quarter. US Bancorp DE now owns 3,477 shares of the company’s stock valued at $115,000 after purchasing an additional 465 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Johnson Outdoors by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 74,694 shares of the company’s stock worth $2,465,000 after buying an additional 7,861 shares during the last quarter. Skylands Capital LLC increased its holdings in shares of Johnson Outdoors by 2.8% in the 4th quarter. Skylands Capital LLC now owns 162,200 shares of the company’s stock worth $5,353,000 after buying an additional 4,450 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in shares of Johnson Outdoors during the 4th quarter valued at $1,809,000. Finally, Legato Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 91.2% during the 4th quarter. Legato Capital Management LLC now owns 31,406 shares of the company’s stock worth $1,036,000 after acquiring an additional 14,977 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Stock Up 0.8 %

JOUT opened at $25.05 on Monday. The business’s fifty day simple moving average is $30.07 and its 200 day simple moving average is $33.00. Johnson Outdoors Inc. has a 52 week low of $24.74 and a 52 week high of $46.38. The stock has a market cap of $258.87 million, a PE ratio of -5.60 and a beta of 0.63.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.30) by ($0.19). Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same period in the previous year, the firm earned $0.38 EPS. As a group, equities analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.27%. Johnson Outdoors’s dividend payout ratio (DPR) is -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.