Fmr LLC Acquires 647 Shares of Johnson Outdoors Inc. (NASDAQ:JOUT)

Fmr LLC raised its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 94.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,335 shares of the company’s stock after buying an additional 647 shares during the quarter. Fmr LLC’s holdings in Johnson Outdoors were worth $48,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Acuitas Investments LLC purchased a new stake in Johnson Outdoors in the second quarter worth $1,515,000. XTX Topco Ltd purchased a new stake in shares of Johnson Outdoors in the 2nd quarter worth about $238,000. Gabelli Funds LLC boosted its stake in shares of Johnson Outdoors by 6.1% during the 2nd quarter. Gabelli Funds LLC now owns 20,900 shares of the company’s stock valued at $731,000 after purchasing an additional 1,200 shares in the last quarter. Marshall Wace LLP bought a new position in Johnson Outdoors in the second quarter worth about $319,000. Finally, AQR Capital Management LLC lifted its holdings in Johnson Outdoors by 16.1% in the second quarter. AQR Capital Management LLC now owns 39,288 shares of the company’s stock worth $1,374,000 after buying an additional 5,448 shares during the period. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Stock Performance

JOUT stock opened at $34.50 on Wednesday. Johnson Outdoors Inc. has a fifty-two week low of $29.98 and a fifty-two week high of $53.86. The company has a market capitalization of $355.28 million, a price-to-earnings ratio of -13.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71. The business’s 50 day moving average price is $33.93 and its two-hundred day moving average price is $35.35.

Johnson Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.32 dividend on an annualized basis and a yield of 3.83%. Johnson Outdoors’s dividend payout ratio (DPR) is -50.77%.

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.