Johnson Outdoors (NASDAQ:JOUT) Stock Rating Lowered by Wall Street Zen

Johnson Outdoors (NASDAQ:JOUT) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

Other equities research analysts have also issued reports about the company. Zacks Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Johnson Outdoors Price Performance

Shares of JOUT stock opened at $49.65 on Friday. The firm has a fifty day moving average of $45.05 and a two-hundred day moving average of $41.91. The firm has a market cap of $516.86 million, a P/E ratio of -22.67, a P/E/G ratio of 3.08 and a beta of 0.91. Johnson Outdoors has a 1-year low of $21.33 and a 1-year high of $51.03.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.12. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%. The business had revenue of $140.94 million during the quarter, compared to analyst estimates of $123.95 million. On average, sell-side analysts expect that Johnson Outdoors will post -0.58 EPS for the current year.

Insider Activity at Johnson Outdoors

In related news, Director Edward F. Lang sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total transaction of $87,880.00. Following the completion of the sale, the director directly owned 32,171 shares of the company’s stock, valued at $1,413,593.74. The trade was a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 28.21% of the company’s stock.

Institutional Investors Weigh In On Johnson Outdoors

Several large investors have recently made changes to their positions in JOUT. PNC Financial Services Group Inc. raised its position in 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 buying an additional 823 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Johnson Outdoors by 57.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock worth $43,000 after purchasing an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Johnson Outdoors by 260.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock worth $48,000 after purchasing an additional 811 shares during the last quarter. Highlander Partners L.P. bought a new position in Johnson Outdoors in the fourth quarter valued at $50,000. Finally, Raymond James Financial Inc. acquired a new stake in Johnson Outdoors in the 2nd quarter valued at $52,000. Institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Company Profile

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.