Johnson Outdoors Inc. (NASDAQ:JOUT) Short Interest Update

Johnson Outdoors Inc. (NASDAQ:JOUT) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 362,500 shares, an increase of 6.1% from the March 15th total of 341,600 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is currently 8.4 days.

Hedge Funds Weigh In On Johnson Outdoors

A number of large investors have recently made changes to their positions in JOUT. Dimensional Fund Advisors LP boosted its position in shares of Johnson Outdoors by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 625,314 shares of the company’s stock valued at $39,400,000 after buying an additional 14,706 shares during the period. BlackRock Inc. lifted its position in shares of Johnson Outdoors by 0.3% during the first quarter. BlackRock Inc. now owns 459,019 shares of the company’s stock worth $35,680,000 after purchasing an additional 1,413 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Johnson Outdoors by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 303,801 shares of the company’s stock valued at $16,229,000 after purchasing an additional 21,889 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Johnson Outdoors by 2.3% in the first quarter. Renaissance Technologies LLC now owns 263,500 shares of the company’s stock worth $16,603,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Johnson Outdoors by 4.1% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 209,880 shares of the company’s stock worth $11,212,000 after buying an additional 8,200 shares during the period. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Trading Down 0.5 %

Shares of NASDAQ JOUT opened at $42.40 on Thursday. The stock has a market capitalization of $435.87 million, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.14 and a beta of 0.74. Johnson Outdoors has a 12-month low of $42.20 and a 12-month high of $64.71. The firm’s 50-day moving average price is $44.66 and its 200-day moving average price is $48.29.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, February 2nd. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.23. Johnson Outdoors had a return on equity of 3.47% and a net margin of 2.82%. The firm had revenue of $138.64 million during the quarter, compared to analysts’ expectations of $140.44 million. During the same quarter in the previous year, the business earned $0.57 EPS. On average, equities analysts predict that Johnson Outdoors will post 2.67 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, April 10th. Johnson Outdoors’s dividend payout ratio is currently 77.19%.

Johnson Outdoors Company 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.