Johnson Outdoors (NASDAQ:JOUT) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?
by Amy Steele · The Cerbat GemJohnson Outdoors Inc. (NASDAQ:JOUT – Get Free Report) crossed 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 trading hands.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Johnson Outdoors in a report on Monday. Finally, Wall Street Zen downgraded Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.
Get Our Latest Stock Report on Johnson Outdoors
Johnson Outdoors Stock Performance
The stock has a market capitalization of $457.10 million, a P/E ratio of -13.11, a P/E/G ratio of 3.01 and a beta of 0.99. The stock has a 50 day moving average of $41.23 and a 200 day moving average of $38.16.
Johnson Outdoors Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Thursday, January 8th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, January 8th. Johnson Outdoors’s payout ratio is -39.40%.
Insider Transactions at Johnson Outdoors
In related news, Director Edward F. Lang sold 2,000 shares of the firm’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 sale, the director directly owned 32,171 shares in the company, valued at $1,413,593.74. This trade represents a 5.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.98% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of Johnson Outdoors by 1,175.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock worth $27,000 after acquiring an additional 823 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Johnson Outdoors during the 2nd quarter valued at $52,000. AlphaQuest LLC bought a new stake in shares of Johnson Outdoors in the 2nd quarter worth $120,000. CWM LLC raised its stake in shares of Johnson Outdoors by 157.5% in the 2nd quarter. CWM LLC now owns 4,056 shares of the company’s stock worth $123,000 after buying an additional 2,481 shares in the last quarter. Finally, Strs Ohio bought a new position in Johnson Outdoors during the third quarter valued at about $145,000. Institutional investors own 64.05% of the company’s stock.
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.