Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Sold by State Street Corp

State Street Corp reduced its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 13.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 129,936 shares of the company’s stock after selling 19,559 shares during the period. State Street Corp’s holdings in Johnson Outdoors were worth $4,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in JOUT. Deprince Race & Zollo Inc. lifted its position in Johnson Outdoors by 35.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 223,814 shares of the company’s stock valued at $7,829,000 after purchasing an additional 59,016 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Johnson Outdoors by 4.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 166,690 shares of the company’s stock valued at $6,034,000 after purchasing an additional 6,700 shares during the period. De Lisle Partners LLP raised its holdings in shares of Johnson Outdoors by 25.9% during the third quarter. De Lisle Partners LLP now owns 105,925 shares of the company’s stock valued at $3,839,000 after buying an additional 21,808 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Johnson Outdoors by 33.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company’s stock worth $2,734,000 after buying an additional 19,013 shares during the period. Finally, Rice Hall James & Associates LLC grew its holdings in Johnson Outdoors by 71.5% in the 3rd quarter. Rice Hall James & Associates LLC now owns 72,211 shares of the company’s stock worth $2,614,000 after buying an additional 30,100 shares in the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

Johnson Outdoors Price Performance

Shares of Johnson Outdoors stock opened at $34.22 on Monday. The company has a market capitalization of $352.47 million, a P/E ratio of -13.16, a PEG ratio of 1.89 and a beta of 0.71. Johnson Outdoors Inc. has a 1-year low of $29.98 and a 1-year high of $53.86. The business’s fifty day moving average price is $33.95 and its two-hundred day moving average price is $35.34.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, January 9th. Johnson Outdoors’s payout ratio is currently -50.77%.

Johnson Outdoors 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.