Johnson Outdoors Inc. (JOUT) Position Decreased by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC lowered its stake in Johnson Outdoors Inc. (NASDAQ:JOUT) by 21.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,157 shares of the company’s stock after selling 14,546 shares during the period. Morgan Dempsey Capital Management LLC owned approximately 0.53% of Johnson Outdoors worth $2,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. boosted its position in Johnson Outdoors by 82.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 285,360 shares of the company’s stock valued at $10,415,000 after buying an additional 128,834 shares in the last quarter. LSV Asset Management raised its stake in Johnson Outdoors by 31.9% in the first quarter. LSV Asset Management now owns 243,295 shares of the company’s stock valued at $8,880,000 after buying an additional 58,788 shares during the last quarter. AQR Capital Management LLC bought a new stake in Johnson Outdoors during the first quarter valued at about $1,883,000. FMR LLC raised its stake in Johnson Outdoors by 52.8% in the first quarter. FMR LLC now owns 138,613 shares of the company’s stock valued at $5,059,000 after buying an additional 47,913 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in Johnson Outdoors during the first quarter valued at about $1,401,000. 60.43% of the stock is owned by institutional investors.

Johnson Outdoors Inc. (NASDAQ:JOUT) traded down 1.72% during mid-day trading on Friday, reaching $61.15. The company’s stock had a trading volume of 33,589 shares. The firm has a 50 day moving average price of $52.50 and a 200 day moving average price of $42.20. Johnson Outdoors Inc. has a 52-week low of $28.55 and a 52-week high of $64.39. The company has a market cap of $601.23 million, a price-to-earnings ratio of 18.89 and a beta of 0.77.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.63. The business had revenue of $155.27 million for the quarter, compared to the consensus estimate of $149.29 million. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. Equities research analysts anticipate that Johnson Outdoors Inc. will post $3.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, July 11th. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. Johnson Outdoors’s payout ratio is 11.15%.

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Several analysts recently issued reports on the company. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a report on Wednesday, August 9th. Forward View upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, August 4th. BidaskClub upgraded Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Imperial Capital upped their target price on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $53.00.

In other news, Director Terry E. London sold 1,127 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $59.81, for a total transaction of $67,405.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 28.03% of the stock is owned by company insiders.

About Johnson Outdoors

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.

Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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