Johnson Outdoors (NASDAQ:JOUT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Johnson Outdoors Inc. (NASDAQ:JOUT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.24 and traded as high as $46.76. Johnson Outdoors shares last traded at $45.66, with a volume of 25,114 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JOUT shares. Zacks Research raised shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Johnson Outdoors Stock Performance

The stock has a market capitalization of $475.32 million, a PE ratio of -13.63, a P/E/G ratio of 3.17 and a beta of 0.91. The firm’s 50 day moving average is $42.71 and its two-hundred day moving average is $40.24.

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

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Thursday, January 8th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, January 8th. This represents a $1.32 annualized dividend and a yield of 2.9%. Johnson Outdoors’s dividend payout ratio is -39.40%.

Insider Transactions at Johnson Outdoors

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

Institutional Trading of Johnson Outdoors

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in Johnson Outdoors by 1,175.7% in the second quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock worth $27,000 after acquiring an additional 823 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Johnson Outdoors in the 2nd quarter valued at approximately $52,000. Strs Ohio acquired a new stake in shares of Johnson Outdoors in the 3rd quarter valued at $145,000. AlphaQuest LLC purchased a new stake in shares of Johnson Outdoors during the 2nd quarter worth $120,000. Finally, CWM LLC lifted its position in shares of Johnson Outdoors by 157.5% during the 2nd quarter. CWM LLC now owns 4,056 shares of the company’s stock worth $123,000 after purchasing an additional 2,481 shares during the last quarter. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

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.