Johnson Outdoors (NASDAQ:JOUT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Johnson Outdoors Inc. (NASDAQ:JOUT) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Johnson Outdoors Stock Performance

The company’s 50 day moving average price is $47.18 and its two-hundred day moving average price is $43.72. The firm has a market cap of $484.69 million, a PE ratio of -21.26, a PEG ratio of 2.91 and a beta of 0.82.

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

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, April 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -60.27%.

Insider Buying and Selling at Johnson Outdoors

In other 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 value of $377,256.60. Following the completion of the sale, the director directly owned 5,739 shares of the company’s stock, valued at $285,630.03. This represents a 56.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 28.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Johnson Outdoors by 22.9% during the fourth quarter. Empowered Funds LLC now owns 41,198 shares of the company’s stock valued at $1,749,000 after acquiring an additional 7,668 shares during the period. Bridgeway Capital Management LLC grew its position in shares of Johnson Outdoors by 92.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company’s stock worth $2,893,000 after purchasing an additional 32,668 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Johnson Outdoors by 74.4% during the fourth quarter. AQR Capital Management LLC now owns 100,125 shares of the company’s stock worth $4,250,000 after purchasing an additional 42,715 shares in the last quarter. Trexquant Investment LP raised its stake in Johnson Outdoors by 6.4% during the 4th quarter. Trexquant Investment LP now owns 21,520 shares of the company’s stock valued at $914,000 after purchasing an additional 1,300 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Johnson Outdoors by 23.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,769 shares of the company’s stock worth $330,000 after purchasing an additional 1,480 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

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.