Geode Capital Management LLC Decreases Holdings in Johnson Outdoors Inc. (NASDAQ:JOUT)

Geode Capital Management LLC trimmed its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 7.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 123,756 shares of the company’s stock after selling 9,748 shares during the quarter. Geode Capital Management LLC’s holdings in Johnson Outdoors were worth $4,481,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in Johnson Outdoors by 182.9% in the 3rd quarter. Barclays PLC now owns 6,575 shares of the company’s stock worth $238,000 after purchasing an additional 4,251 shares during the period. Public Employees Retirement System of Ohio increased its stake in Johnson Outdoors by 143.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company’s stock worth $180,000 after purchasing an additional 2,922 shares during the period. XTX Topco Ltd increased its stake in Johnson Outdoors by 51.9% in the 3rd quarter. XTX Topco Ltd now owns 10,322 shares of the company’s stock worth $374,000 after purchasing an additional 3,526 shares during the period. Jane Street Group LLC lifted its position in Johnson Outdoors by 80.9% in the third quarter. Jane Street Group LLC now owns 14,924 shares of the company’s stock valued at $540,000 after purchasing an additional 6,676 shares during the last quarter. Finally, Wallace Capital Management Inc. boosted its stake in shares of Johnson Outdoors by 11.2% during the third quarter. Wallace Capital Management Inc. now owns 370,329 shares of the company’s stock valued at $13,406,000 after purchasing an additional 37,433 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Stock Performance

Shares of Johnson Outdoors stock opened at $34.25 on Monday. The company’s 50 day moving average price is $33.97 and its 200-day moving average price is $35.26. Johnson Outdoors Inc. has a 52-week low of $29.98 and a 52-week high of $50.00. The stock has a market capitalization of $352.71 million, a price-to-earnings ratio of -13.17, a P/E/G ratio of 1.89 and a beta of 0.69.

Johnson Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.32 annualized dividend and a dividend yield of 3.85%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -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.