Diamond Hill Capital Management Inc. Sells 8,849 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Diamond Hill Capital Management Inc. reduced its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 23.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,247 shares of the company’s stock after selling 8,849 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.27% of Johnson Outdoors worth $988,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Johnson Outdoors by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after buying an additional 42,314 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Johnson Outdoors by 39.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock valued at $11,449,000 after purchasing an additional 70,300 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Johnson Outdoors by 17.3% during the 1st quarter. ProShare Advisors LLC now owns 163,026 shares of the company’s stock valued at $7,517,000 after purchasing an additional 23,987 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Johnson Outdoors by 8.2% during the 1st quarter. Empowered Funds LLC now owns 16,213 shares of the company’s stock valued at $748,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Johnson Outdoors by 20.4% during the 4th quarter. Gabelli Funds LLC now owns 17,700 shares of the company’s stock valued at $946,000 after purchasing an additional 3,000 shares during the last quarter. 64.05% of the stock is owned by institutional investors.

Johnson Outdoors Trading Up 2.8 %

Shares of Johnson Outdoors stock opened at $36.46 on Monday. The firm has a market capitalization of $375.54 million, a PE ratio of 77.57, a price-to-earnings-growth ratio of 36.24 and a beta of 0.70. The firm’s 50 day moving average is $36.95 and its 200 day moving average is $38.74. Johnson Outdoors Inc. has a 1 year low of $32.79 and a 1 year high of $55.88.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. The business had revenue of $172.47 million for the quarter, compared to analyst estimates of $176.14 million. During the same quarter in the prior year, the business earned $1.44 earnings per share. As a group, research analysts anticipate that Johnson Outdoors Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

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.