Johnson Outdoors Inc. (NASDAQ:JOUT) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC raised its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 31.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,622 shares of the company’s stock after purchasing an additional 3,984 shares during the period. Legato Capital Management LLC owned 0.16% of Johnson Outdoors worth $581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JOUT. Gamco Investors INC. ET AL lifted its holdings in Johnson Outdoors by 39.5% during the first quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company’s stock valued at $11,449,000 after purchasing an additional 70,300 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Johnson Outdoors during the fourth quarter valued at $2,996,000. Vanguard Group Inc. lifted its holdings in Johnson Outdoors by 13.9% during the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company’s stock valued at $15,959,000 after purchasing an additional 42,314 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in Johnson Outdoors by 66.1% during the first quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company’s stock valued at $3,367,000 after purchasing an additional 29,065 shares in the last quarter. Finally, Skylands Capital LLC lifted its holdings in Johnson Outdoors by 38.9% during the fourth quarter. Skylands Capital LLC now owns 95,400 shares of the company’s stock valued at $5,096,000 after purchasing an additional 26,742 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Trading Down 2.9 %

NASDAQ:JOUT opened at $35.71 on Wednesday. The company’s 50-day moving average price is $36.48 and its 200-day moving average price is $39.59. The company has a market cap of $367.85 million, a P/E ratio of 75.98, a P/E/G ratio of 3.99 and a beta of 0.74. Johnson Outdoors Inc. has a twelve month low of $32.79 and a twelve month high of $57.37.

Johnson Outdoors (NASDAQ:JOUT) last issued 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). Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. The firm had revenue of $172.47 million for the quarter, compared to analysts’ expectations of $176.14 million. During the same period last year, the firm earned $1.44 earnings per share. On average, analysts expect that Johnson Outdoors Inc. will post 0.73 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, July 11th. Johnson Outdoors’s dividend payout ratio (DPR) is presently 280.85%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research note 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.