Tue Sep 17 07:24:53 UTC 2024: ## Bank of New York Mellon Reduces Stake in Johnson Outdoors, While Other Funds Increase Holdings

**New York, NY** – Bank of New York Mellon Corp. decreased its holdings in Johnson Outdoors Inc. (NASDAQ: JOUT) by 1.2% during the second quarter, according to Holdings Channel reports. The fund now owns 64,464 shares, worth $2,255,000, after selling 783 shares.

While Bank of New York Mellon reduced its stake, other hedge funds have shown interest in Johnson Outdoors. Lazard Asset Management LLC and EntryPoint Capital LLC both initiated new positions in the first quarter. BNP Paribas Financial Markets increased its holdings by 47.9%, now owning 3,175 shares valued at $146,000. Prosperity Consulting Group LLC and Empowered Funds LLC also acquired new stakes in the first quarter.

Institutional investors and hedge funds now hold 64.05% of Johnson Outdoors’ stock.

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

Johnson Outdoors, a manufacturer of outdoor recreational products, reported earnings per share (EPS) of $0.16 for the second quarter, missing the consensus estimate of $0.22. Revenue for the quarter reached $172.47 million, compared to the consensus estimate of $176.14 million.

Analysts anticipate that Johnson Outdoors will post 0.07 EPS for the current fiscal year.

Johnson Outdoors operates in four segments: Fishing, Camping, Watercraft Recreation, and Diving. The company designs and markets products globally, focusing on seasonal and outdoor recreational activities.

For further information on Johnson Outdoors, including 13F filings and insider trades, visit HoldingsChannel.com.

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