Allspring Global Investments Holdings LLC Reduces Stake in Johnson Outdoors by 15.7%

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Johnson Outdoors ($NASDAQ:JOUT) Inc. is an American outdoor recreation company that specializes in the manufacturing of camping, scuba diving, watercraft, and marine electronics equipment. Recently, Allspring Global Investments Holdings LLC has decreased its stake in Johnson Outdoors Inc. by 15.7%, according to its most recent filing with the SEC. With fewer shares being held by Allspring Global Investments Holdings LLC, the company will have to find alternative funding sources for its operations; however, this may open up Johnson Outdoors Inc.’s access to other potential investors and further diversify its portfolio. Johnson Outdoors Inc. is a long-standing member of the outdoor recreation industry and a trusted name in many areas of the business.

By reducing its stake in the company, Allspring Global Investments Holdings LLC may be looking to shift its focus to other opportunities or diversify its own portfolio, but regardless of their motives, this will certainly make an impact on Johnson Outdoors Inc.’s future. It remains to be seen how the organization will respond to this decision and how it will affect their operations and growth going forward.

Stock Price

On Tuesday, JOHNSON OUTDOORS Inc. (Nasdaq: JOUT) stock opened at $61.2 and closed at $61.4, up by 0.7% from the previous closing price of 61.0. While some investors are optimistic about the decrease in Allspring’s stake, others are concerned that it could lead to a decrease in the company’s value. The company has yet to comment on the matter.

Overall, JOHNSON OUTDOORS Inc. is still a leading player in the outdoor recreational products industry and the recent news of Allspring’s stake reduction has yet to change that. Investors will be closely monitoring the situation as more information becomes available in the coming days. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Johnson Outdoors. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Johnson Outdoors. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Johnson Outdoors. More…

Key Ratios Snapshot

Some of the financial key ratios for Johnson Outdoors are shown below. More…

Analysis

At GoodWhale, we analyzed the fundamentals of JOHNSON OUTDOORS and based on our Star Chart, we concluded that the company is strong in terms of their asset and dividend, as well as their profitability. Their growth is medium compared to others. JOHNSON OUTDOORS also has a high health score of 9/10 with regards to their cash flows and debt, indicating that they are capable of paying off debt and funding future operations. We classified JOHNSON OUTDOORS as a ‘cow’, meaning that the company has a track record of paying out consistent and sustainable dividends. As such, we believe that this company may be of interest to dividend-seeking investors and value investors, who are focused on long-term returns and stability. More…

Peers

Johnson Outdoors Inc is one of the leading outdoor recreation companies in the world, known for its cutting-edge products and innovative designs. It is a major player in the outdoor recreation industry, competing with other big names such as Clarus Corp, Goodbaby International Holdings Ltd, and Perfectech International Holdings Ltd. All four companies are committed to providing quality products and services to their customers.

– Clarus Corp ($NASDAQ:CLAR)

Clarus Corporation is a provider of outdoor equipment and apparel products. Founded in 1972, the company has grown to become a leading player in the outdoor industry, providing innovative and high-quality products to millions of customers worldwide. The company has a current market capitalization of 290.37M as of 2022, which is indicative of its financial strength and success over the years. Additionally, Clarus Corporation has a Return on Equity of 4.82%, which is above the industry average and demonstrates its ability to efficiently manage its assets and generate profits.

– Goodbaby International Holdings Ltd ($SEHK:01086)

Goodbaby International Holdings Ltd is a leading manufacturer and distributor of juvenile products in the Asia-Pacific region. The company has a market capitalization of 1.05 billion dollars as of 2022. This value reflects the overall market value of the company’s outstanding shares. Goodbaby International Holdings Ltd also has a Return on Equity (ROE) of 0.8%. This indicates that the company is able to generate returns from its shareholders’ funds. The company designs, produces, and distributes a variety of juvenile products, including car seats, strollers, infant beds, and baby feeding products. In addition, it provides services such as technical support, marketing, and customer service.

– Perfectech International Holdings Ltd ($SEHK:00765)

Perfectech International Holdings Ltd is a Hong Kong-based company that primarily manufactures and sells precision industrial machinery and equipment. As of 2022, the company had a market capitalization of 209.23M, indicating the total value of its outstanding shares. Furthermore, its Return on Equity (ROE) was -0.16%, indicating that it was not able to generate profits from the shareholders’ equity. The company’s financial performance was likely affected by the economic downturn caused by the coronavirus pandemic.

Summary

Johnson Outdoors (JOH) is a publicly traded company in the outdoor recreation industry. Recently, Allspring Global Investments Holdings LLC reduced their position in JOH stock by 15.7%. This indicates that Allspring is less bullish on JOH stock than previously. Investors should take note of the reduced position and consider their own outlook on the stock before making any decisions.

Technical analysis of the stock price may provide insight into the direction of the stock and help investors decide whether to buy, sell, or hold JOH. Fundamental analysis can also be conducted to determine if JOH is a good investment in the long run. Analyzing cash flow statements, balance sheets, and other financial metrics can give investors an idea of the company’s financial health and long-term prospects.