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

Johnson Outdoors Inc. (NASDAQ:JOUT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.37 and traded as high as $43.08. Johnson Outdoors shares last traded at $42.86, with a volume of 140,245 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JOUT shares. Wall Street Zen lowered shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Zacks Research upgraded Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Johnson Outdoors in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Johnson Outdoors Trading Down 0.2%

The company’s 50-day moving average price is $40.89 and its two-hundred day moving average price is $37.53. The company has a market cap of $454.41 million, a P/E ratio of -13.08, a price-to-earnings-growth ratio of 2.99 and a beta of 0.99.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Thursday, January 8th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. Johnson Outdoors’s dividend payout ratio (DPR) is currently -39.40%.

Insider Buying and Selling at Johnson Outdoors

In other Johnson Outdoors news, Director Edward F. Lang sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $43.94, for a total transaction of $87,880.00. Following the sale, the director owned 32,171 shares in the company, valued at approximately $1,413,593.74. The trade was a 5.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Johnson Outdoors

A number of large investors have recently made changes to their positions in JOUT. PNC Financial Services Group Inc. increased its holdings 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 valued at $27,000 after purchasing an additional 823 shares during the period. Raymond James Financial Inc. purchased a new stake in Johnson Outdoors in the 2nd quarter worth approximately $52,000. AlphaQuest LLC purchased a new stake in Johnson Outdoors in the 2nd quarter worth approximately $120,000. CWM LLC boosted its stake in shares of Johnson Outdoors by 157.5% during the 2nd quarter. CWM LLC now owns 4,056 shares of the company’s stock valued at $123,000 after buying an additional 2,481 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Johnson Outdoors during the third quarter worth $145,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.