Short Interest in Johnson Outdoors Inc. (NASDAQ:JOUT) Increases By 5.5%

Johnson Outdoors Inc. (NASDAQ:JOUT) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 501,000 shares, an increase of 5.5% from the May 31st total of 475,100 shares. Based on an average trading volume of 60,600 shares, the short-interest ratio is presently 8.3 days. Currently, 6.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Johnson Outdoors

Institutional investors and hedge funds have recently bought and sold shares of the company. Kennedy Capital Management LLC lifted its holdings in shares of Johnson Outdoors by 66.1% during the 1st quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company’s stock valued at $3,367,000 after purchasing an additional 29,065 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Johnson Outdoors during the 1st quarter valued at about $101,000. Gabelli Funds LLC raised its stake in Johnson Outdoors by 11.3% in the first quarter. Gabelli Funds LLC now owns 19,700 shares of the company’s stock valued at $908,000 after buying an additional 2,000 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Johnson Outdoors by 39.5% in the first quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock worth $11,449,000 after acquiring an additional 70,300 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Johnson Outdoors in the first quarter worth about $136,000. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Price Performance

Shares of JOUT stock opened at $34.40 on Thursday. The stock’s 50-day moving average is $36.42 and its 200 day moving average is $42.77. Johnson Outdoors has a 1-year low of $33.17 and a 1-year high of $60.90. The company has a market cap of $354.35 million, a P/E ratio of 73.19, a PEG ratio of 2.21 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.29). Johnson Outdoors had a net margin of 0.82% and a return on equity of 0.97%. The firm had revenue of $175.86 million for the quarter, compared to analysts’ expectations of $158.76 million. On average, analysts anticipate that Johnson Outdoors will post 1.13 EPS for the current year.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.33 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.32 annualized dividend and a yield of 3.84%. Johnson Outdoors’s dividend payout ratio (DPR) is 280.85%.

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.