JPMorgan Chase & Co. Decreases Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

JPMorgan Chase & Co. trimmed its position in Johnson Outdoors Inc. (NASDAQ:JOUT) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,295 shares of the company’s stock after selling 7,284 shares during the quarter. JPMorgan Chase & Co.’s holdings in Johnson Outdoors were worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC increased its stake in shares of Johnson Outdoors by 100.0% in the third quarter. nVerses Capital LLC now owns 800 shares of the company’s stock worth $29,000 after buying an additional 400 shares during the period. FMR LLC increased its stake in shares of Johnson Outdoors by 94.0% in the third quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after buying an additional 647 shares during the period. Empowered Funds LLC increased its position in Johnson Outdoors by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 18,411 shares of the company’s stock valued at $666,000 after purchasing an additional 938 shares during the period. Gabelli Funds LLC increased its position in Johnson Outdoors by 6.1% during the 2nd quarter. Gabelli Funds LLC now owns 20,900 shares of the company’s stock valued at $731,000 after purchasing an additional 1,200 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Johnson Outdoors by 143.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company’s stock valued at $180,000 after purchasing an additional 2,922 shares during the period. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Trading Down 0.3 %

Shares of Johnson Outdoors stock opened at $33.16 on Friday. The company’s fifty day simple moving average is $34.09 and its two-hundred day simple moving average is $35.22. The company has a market cap of $341.55 million, a P/E ratio of -12.75 and a beta of 0.69. Johnson Outdoors Inc. has a 12-month low of $29.98 and a 12-month high of $50.00.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Tuesday, December 10th. The company reported ($3.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($2.37). Johnson Outdoors had a negative net margin of 4.48% and a negative return on equity of 5.40%. Analysts predict that Johnson Outdoors Inc. will post -0.25 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, January 10th. Johnson Outdoors’s payout ratio is currently -50.77%.

About Johnson Outdoors

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.