Johnson Outdoors (NASDAQ:JOUT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Johnson Outdoors Inc. (NASDAQ:JOUT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.51 and traded as high as $50.23. Johnson Outdoors shares last traded at $49.81, with a volume of 123,249 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JOUT shares. Zacks Research raised shares of 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 report on Monday, December 29th. Finally, Wall Street Zen cut Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Johnson Outdoors Trading Down 1.4%

The company’s fifty day simple moving average is $45.92 and its 200 day simple moving average is $42.51. The stock has a market capitalization of $518.52 million, a P/E ratio of -22.74, a P/E/G ratio of 3.14 and a beta of 0.91.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Friday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.12. Johnson Outdoors had a positive return on equity of 0.83% and a negative net margin of 3.56%.The company had revenue of $140.94 million for the quarter, compared to the consensus estimate of $123.95 million. Equities research analysts predict that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Thursday, January 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, January 8th. Johnson Outdoors’s dividend payout ratio (DPR) is -60.27%.

Insider Activity at Johnson Outdoors

In related news, Director Edward F. Lang sold 2,000 shares of the company’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 value of $87,880.00. Following the transaction, the director directly owned 32,171 shares in the company, valued at approximately $1,413,593.74. This represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.21% of the company’s stock.

Hedge Funds Weigh In On Johnson Outdoors

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in shares of Johnson Outdoors by 127.5% during the 1st quarter. AQR Capital Management LLC now owns 33,515 shares of the company’s stock valued at $833,000 after buying an additional 18,782 shares in the last quarter. Empowered Funds LLC increased its stake in Johnson Outdoors by 7.6% in the first quarter. Empowered Funds LLC now owns 20,782 shares of the company’s stock valued at $516,000 after acquiring an additional 1,468 shares during the last quarter. Acadian Asset Management LLC raised its position in Johnson Outdoors by 17.3% during the first quarter. Acadian Asset Management LLC now owns 15,106 shares of the company’s stock valued at $374,000 after purchasing an additional 2,230 shares in the last quarter. CWM LLC lifted its stake in Johnson Outdoors by 157.5% during the second 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. Finally, AlphaQuest LLC purchased a new position in shares of Johnson Outdoors in the 2nd quarter worth about $120,000. 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.