Johnson Outdoors (NASDAQ:JOUT) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Johnson Outdoors Inc. (NASDAQ:JOUT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.70 and traded as high as $47.56. Johnson Outdoors shares last traded at $46.93, with a volume of 57,265 shares.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen cut Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Zacks Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Johnson Outdoors presently has a consensus rating of “Moderate Buy”.

Johnson Outdoors Trading Up 0.9%

The company has a market capitalization of $488.54 million, a price-to-earnings ratio of -21.43, a PEG ratio of 2.89 and a beta of 0.82. The company’s 50 day simple moving average is $47.18 and its 200-day simple moving average is $43.70.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $0.33 dividend. The ex-dividend date is Thursday, April 16th. This represents a $1.32 annualized dividend and a yield of 2.8%. Johnson Outdoors’s payout ratio is -60.27%.

Insider Buying and Selling at Johnson Outdoors

In other news, Director Richard Casey Sheahan sold 7,580 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.77, for a total transaction of $377,256.60. Following the sale, the director owned 5,739 shares in the company, valued at $285,630.03. This trade represents a 56.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 28.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Johnson Outdoors

Several institutional investors have recently added to or reduced their stakes in JOUT. PNC Financial Services Group Inc. boosted its stake 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 worth $27,000 after buying an additional 823 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Johnson Outdoors by 57.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock valued at $43,000 after acquiring an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Johnson Outdoors by 260.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock worth $48,000 after acquiring an additional 811 shares during the period. Highlander Partners L.P. purchased a new position in shares of Johnson Outdoors during the 4th quarter worth about $50,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Johnson Outdoors in the fourth quarter worth approximately $50,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

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.