Johnson Outdoors Inc. (NASDAQ:JOUT) Short Interest Down 5.7% in October

by · The Markets Daily

Johnson Outdoors Inc. (NASDAQ:JOUT – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 461,800 shares, a decline of 5.7% from the September 30th total of 489,700 shares. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is currently 10.2 days. Approximately 5.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Johnson Outdoors

A number of hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its holdings in Johnson Outdoors by 39.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock valued at $11,449,000 after buying an additional 70,300 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Johnson Outdoors by 35.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock worth $7,829,000 after purchasing an additional 59,016 shares during the period. Skylands Capital LLC raised its holdings in Johnson Outdoors by 43.7% in the 2nd quarter. Skylands Capital LLC now owns 161,900 shares of the company’s stock valued at $5,663,000 after acquiring an additional 49,200 shares in the last quarter. Acuitas Investments LLC bought a new stake in shares of Johnson Outdoors in the 2nd quarter worth approximately $1,515,000. Finally, Vanguard Group Inc. grew its holdings in shares of Johnson Outdoors by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock worth $15,959,000 after purchasing an additional 42,314 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Stock Performance

Shares of NASDAQ JOUT traded down $0.42 during mid-day trading on Thursday, reaching $31.95. The company had a trading volume of 24,708 shares, compared to its average volume of 50,744. Johnson Outdoors has a twelve month low of $31.92 and a twelve month high of $55.30. The stock’s 50 day moving average is $35.26 and its 200-day moving average is $36.56. The stock has a market capitalization of $329.12 million, a PE ratio of 68.87, a price-to-earnings-growth ratio of 1.40 and a beta of 0.70.

Johnson Outdoors (NASDAQ:JOUT – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. The company had revenue of $172.47 million for the quarter, compared to analyst estimates of $176.14 million. During the same period in the prior year, the company posted $1.44 EPS. On average, sell-side analysts anticipate that Johnson Outdoors will post 0.07 EPS for the current year.

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were issued a $0.33 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $1.32 annualized dividend and a yield of 4.13%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 280.85%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on JOUT

About Johnson Outdoors

(Get Free Report)

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.

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