AQR Capital Management LLC Increases Stake in Johnson Outdoors Inc. (NASDAQ:JOUT)

AQR Capital Management LLC increased its position in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 16.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,288 shares of the company’s stock after buying an additional 5,448 shares during the period. AQR Capital Management LLC owned about 0.38% of Johnson Outdoors worth $1,374,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Johnson Outdoors by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 140,856 shares of the company’s stock worth $7,525,000 after purchasing an additional 7,486 shares during the last quarter. Diversified Investment Strategies LLC raised its stake in shares of Johnson Outdoors by 62.9% in the 1st quarter. Diversified Investment Strategies LLC now owns 38,990 shares of the company’s stock valued at $1,798,000 after acquiring an additional 15,060 shares during the period. Allspring Global Investments Holdings LLC raised its position in Johnson Outdoors by 5.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 82,052 shares of the company’s stock valued at $3,783,000 after purchasing an additional 3,906 shares during the period. Denali Advisors LLC boosted its holdings in Johnson Outdoors by 6.7% in the 1st quarter. Denali Advisors LLC now owns 30,300 shares of the company’s stock worth $1,397,000 after acquiring an additional 1,900 shares during the period. Finally, Olstein Capital Management L.P. increased its stake in Johnson Outdoors by 15.9% during the 1st quarter. Olstein Capital Management L.P. now owns 51,000 shares of the company’s stock worth $2,352,000 after buying an additional 7,000 shares during the period. Institutional investors and hedge funds own 64.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Johnson Outdoors Trading Down 1.6 %

Shares of NASDAQ:JOUT opened at $33.51 on Friday. Johnson Outdoors Inc. has a 52 week low of $32.79 and a 52 week high of $55.30. The firm’s 50 day moving average is $36.08 and its two-hundred day moving average is $37.73. The firm has a market capitalization of $345.19 million, a P/E ratio of 71.30, a PEG ratio of 38.12 and a beta of 0.70.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The business 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 period in the prior year, the firm earned $1.44 EPS. Analysts predict that Johnson Outdoors Inc. will post 0.07 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.32 dividend on an annualized basis and a yield of 3.94%. Johnson Outdoors’s payout ratio is currently 280.85%.

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.