Deprince Race & Zollo Inc. Grows Stock Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Deprince Race & Zollo Inc. increased its holdings in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 35.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,814 shares of the company’s stock after purchasing an additional 59,016 shares during the period. Deprince Race & Zollo Inc.’s holdings in Johnson Outdoors were worth $7,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JOUT. Lazard Asset Management LLC purchased a new position in Johnson Outdoors in the first quarter valued at $101,000. EntryPoint Capital LLC purchased a new position in shares of Johnson Outdoors during the 1st quarter valued at approximately $136,000. BNP Paribas Financial Markets grew its stake in Johnson Outdoors by 47.9% in the 1st quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company’s stock valued at $146,000 after acquiring an additional 1,029 shares during the period. XTX Topco Ltd acquired a new stake in Johnson Outdoors in the 2nd quarter valued at $238,000. Finally, Prosperity Consulting Group LLC purchased a new stake in Johnson Outdoors in the 1st quarter worth $306,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Johnson Outdoors Trading Up 2.9 %

NASDAQ:JOUT opened at $37.03 on Friday. The stock has a 50 day moving average of $37.15 and a two-hundred day moving average of $38.36. Johnson Outdoors Inc. has a 12 month low of $32.79 and a 12 month high of $55.43. The firm has a market cap of $381.45 million, a P/E ratio of 78.79, a price-to-earnings-growth ratio of 38.12 and a beta of 0.70.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly 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). The firm had revenue of $172.47 million for the quarter, compared to analysts’ expectations of $176.14 million. Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. During the same quarter in the previous year, the firm posted $1.44 earnings per share. On average, research analysts forecast that Johnson Outdoors Inc. will post 0.07 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.32 annualized dividend and a yield of 3.56%. Johnson Outdoors’s dividend payout ratio is presently 280.85%.

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.