Johnson Outdoors (NASDAQ:JOUT) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Johnson Outdoors Inc. (NASDAQ:JOUT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $45.80 and traded as high as $47.14. Johnson Outdoors shares last traded at $44.84, with a volume of 98,379 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on JOUT. Zacks Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Johnson Outdoors in a research note on Friday, May 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Johnson Outdoors Trading Down 2.2%

The company has a market capitalization of $469.92 million, a price-to-earnings ratio of -29.50, a PEG ratio of 4.37 and a beta of 0.82. The company has a fifty day moving average of $47.62 and a 200-day moving average of $45.80.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%.The company had revenue of $194.48 million for the quarter, compared to analysts’ expectations of $185.09 million. As a group, equities research analysts expect that Johnson Outdoors Inc. will post 0.75 EPS for the current year.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 16th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, July 16th. Johnson Outdoors’s payout ratio is presently -86.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aristides Capital LLC boosted its holdings in shares of Johnson Outdoors by 188.4% during the 3rd quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock worth $3,653,000 after purchasing an additional 59,079 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in Johnson Outdoors in the third quarter valued at approximately $7,676,000. CSM Advisors LLC lifted its holdings in Johnson Outdoors by 34.0% in the third quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock valued at $3,609,000 after acquiring an additional 22,675 shares during the last quarter. Dean Capital Management lifted its holdings in Johnson Outdoors by 31.3% in the third quarter. Dean Capital Management now owns 101,177 shares of the company’s stock valued at $4,087,000 after acquiring an additional 24,102 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Johnson Outdoors by 4.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company’s stock valued at $17,748,000 after acquiring an additional 17,700 shares during the last quarter. 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.