Johnson Outdoors (NASDAQ:JOUT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Johnson Outdoors Inc. (NASDAQ:JOUT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.95 and traded as high as $47.54. Johnson Outdoors shares last traded at $47.36, with a volume of 67,798 shares trading hands.

Analysts Set New Price Targets

JOUT has been the topic of a number of research reports. Wall Street Zen cut Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Johnson Outdoors in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Johnson Outdoors presently has a consensus rating of “Reduce”.

Johnson Outdoors Price Performance

The firm has a market cap of $493.02 million, a price-to-earnings ratio of -14.14, a P/E/G ratio of 3.09 and a beta of 0.91. The business has a 50-day moving average of $43.63 and a 200-day moving average of $40.95.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, December 12th. The company reported ($2.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.68) by ($2.15). The business had revenue of $135.76 million for the quarter, compared to the consensus estimate of $117.42 million. Johnson Outdoors had a negative return on equity of 1.92% and a negative net margin of 5.79%.During the same quarter in the previous year, the business posted ($3.35) EPS. As a group, equities analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Investors of record on Thursday, January 8th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, January 8th. Johnson Outdoors’s dividend payout ratio (DPR) is presently -39.40%.

Insider Transactions at Johnson Outdoors

In other Johnson Outdoors news, Director Edward F. Lang sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $43.94, for a total value of $87,880.00. Following the transaction, the director directly owned 32,171 shares of the company’s stock, valued at $1,413,593.74. This represents a 5.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 28.21% of the stock is owned by company insiders.

Institutional Trading of Johnson Outdoors

Institutional investors have recently bought and sold shares of the business. CWM LLC raised its stake in Johnson Outdoors by 6.5% in the fourth quarter. CWM LLC now owns 4,743 shares of the company’s stock valued at $201,000 after purchasing an additional 289 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Johnson Outdoors by 3.7% in the second quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock valued at $244,000 after buying an additional 289 shares during the period. Sei Investments Co. grew its stake in shares of Johnson Outdoors by 5.8% in the second quarter. Sei Investments Co. now owns 11,409 shares of the company’s stock worth $345,000 after purchasing an additional 622 shares during the last quarter. Peapod Lane Capital LLC increased its stake in shares of Johnson Outdoors by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 97,414 shares of the company’s stock valued at $4,135,000 after buying an additional 707 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Johnson Outdoors by 1,175.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock valued at $27,000 after purchasing an additional 823 shares during the last quarter. Institutional investors own 64.05% of the company’s stock.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.