Johnson Outdoors (NASDAQ:JOUT) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Johnson Outdoors Inc. (NASDAQ:JOUT) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.12 and traded as high as $44.88. Johnson Outdoors shares last traded at $44.4050, with a volume of 19,118 shares changing hands.

Wall Street Analyst Weigh In

JOUT has been the subject of several research analyst reports. Wall Street Zen downgraded Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Johnson Outdoors in a report on Monday. Finally, Zacks Research raised shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Johnson Outdoors Price Performance

The firm has a market capitalization of $462.26 million, a PE ratio of -13.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.99. The company has a fifty day moving average of $41.16 and a 200-day moving average of $38.12.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Thursday, January 8th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. Johnson Outdoors’s dividend payout ratio (DPR) is -39.40%.

Insider Activity

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 stock was sold at an average price of $43.94, for a total value of $87,880.00. Following the completion of the sale, the director owned 32,171 shares of the company’s stock, valued at approximately $1,413,593.74. The trade was a 5.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 27.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Outdoors

A number of institutional investors have recently added to or reduced their stakes in JOUT. Rhumbline Advisers grew its position in Johnson Outdoors by 3.7% in the second quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock worth $244,000 after acquiring an additional 289 shares in the last quarter. CWM LLC lifted its stake in shares of Johnson Outdoors by 9.8% in the 3rd quarter. CWM LLC now owns 4,454 shares of the company’s stock valued at $180,000 after purchasing an additional 398 shares during the last quarter. Sei Investments Co. boosted its holdings in 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 in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 purchasing an additional 823 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Johnson Outdoors by 4.5% during the third quarter. Gabelli Funds LLC now owns 23,036 shares of the company’s stock worth $930,000 after buying an additional 1,000 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

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.