Marshall Wace LLP Buys New Position in Johnson Outdoors Inc. (NASDAQ:JOUT)

Marshall Wace LLP purchased a new position in Johnson Outdoors Inc. (NASDAQ:JOUT) in the second quarter, HoldingsChannel reports. The firm purchased 9,131 shares of the company’s stock, valued at approximately $319,000.

A number of other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in Johnson Outdoors during the first quarter valued at $101,000. EntryPoint Capital LLC purchased a new stake in shares of Johnson Outdoors in the first quarter valued at $136,000. BNP Paribas Financial Markets raised its stake in shares of Johnson Outdoors by 47.9% in the first 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. Prosperity Consulting Group LLC bought a new position in shares of Johnson Outdoors in the first quarter worth about $306,000. Finally, XTX Topco Ltd bought a new position in shares of Johnson Outdoors in the second quarter worth about $238,000. 64.05% of the stock is currently owned by institutional investors.

Johnson Outdoors Stock Performance

NASDAQ:JOUT opened at $34.01 on Friday. Johnson Outdoors Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $55.30. The stock has a market capitalization of $350.34 million, a P/E ratio of 72.36, a P/E/G ratio of 1.43 and a beta of 0.70. The company’s 50-day simple moving average is $36.08 and its 200-day simple moving average is $37.73.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $172.47 million during the quarter, compared to analyst estimates 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 last year, the business earned $1.44 earnings per share. On average, research analysts forecast that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.88%. The ex-dividend date is Wednesday, October 9th. Johnson Outdoors’s payout ratio is 280.85%.

Wall Street Analysts Forecast Growth

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

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.