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

Johnson Outdoors Inc. (NASDAQ:JOUT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.46 and traded as high as $47.52. Johnson Outdoors shares last traded at $47.22, with a volume of 56,082 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JOUT. Zacks Research raised Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of Johnson Outdoors in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Johnson Outdoors Trading Up 2.7%

The stock has a market cap of $491.56 million, a PE ratio of -21.56, a P/E/G ratio of 2.85 and a beta of 0.88. The business has a 50 day moving average of $46.94 and a 200-day moving average of $43.46.

Johnson Outdoors (NASDAQ:JOUT) last issued 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. The company had revenue of $140.94 million during the quarter, compared to analysts’ expectations of $123.95 million. Johnson Outdoors had a positive return on equity of 0.83% and a negative net margin of 3.56%. Research analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given 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 dividend payout ratio is -60.27%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Johnson Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in JOUT. Divisadero Street Capital Management LP purchased a new position in shares of Johnson Outdoors during the third quarter worth about $7,676,000. Allspring Global Investments Holdings LLC increased its position in Johnson Outdoors by 158.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 100,913 shares of the company’s stock valued at $4,142,000 after acquiring an additional 61,934 shares during the period. Aristides Capital LLC raised its stake in Johnson Outdoors by 188.4% during the 3rd quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock valued at $3,653,000 after acquiring an additional 59,079 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in Johnson Outdoors during the 2nd quarter worth approximately $1,528,000. Finally, Two Sigma Investments LP lifted its position in Johnson Outdoors by 429.5% during the 3rd quarter. Two Sigma Investments LP now owns 56,159 shares of the company’s stock worth $2,268,000 after acquiring an additional 45,552 shares during the period. 64.05% of the stock is 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.