Johnson Outdoors (NASDAQ:JOUT) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Johnson Outdoors Inc. (NASDAQ:JOUT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.19 and traded as high as $47.80. Johnson Outdoors shares last traded at $46.46, with a volume of 63,514 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JOUT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Johnson Outdoors in a research report on Friday, May 8th. Wall Street Zen cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Johnson Outdoors presently has a consensus rating of “Reduce”.

Johnson Outdoors Price Performance

The business has a 50 day moving average price of $47.53 and a 200 day moving average price of $46.26. The firm has a market capitalization of $476.84 million, a P/E ratio of -29.93, a price-to-earnings-growth ratio of 4.37 and a beta of 0.82.

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

Johnson Outdoors Announces Dividend

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

Hedge Funds Weigh In On Johnson Outdoors

A number of institutional investors have recently made changes to their positions in JOUT. Divisadero Street Capital Management LP bought a new stake in shares of Johnson Outdoors during the 3rd quarter valued at $7,676,000. Aristides Capital LLC raised its position 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 valued at $3,653,000 after acquiring an additional 59,079 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Johnson Outdoors during the 2nd quarter valued at $1,528,000. Two Sigma Investments LP raised its position in shares of Johnson Outdoors by 429.5% during the 3rd quarter. Two Sigma Investments LP now owns 56,159 shares of the company’s stock valued at $2,268,000 after acquiring an additional 45,552 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Johnson Outdoors by 74.4% during the 4th quarter. AQR Capital Management LLC now owns 100,125 shares of the company’s stock valued at $4,250,000 after acquiring an additional 42,715 shares during the last quarter. 64.05% of the stock is currently owned by 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.