Johnson Outdoors (NASDAQ:JOUT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a buy rating to a strong-buy rating in a report released on Saturday.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Johnson Outdoors in a report on Wednesday, October 8th. Zacks Research lowered Johnson Outdoors from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Johnson Outdoors Stock Performance

Shares of JOUT stock opened at $41.71 on Friday. The company has a market capitalization of $432.53 million, a price-to-earnings ratio of -10.78, a PEG ratio of 2.74 and a beta of 0.85. The stock’s 50 day simple moving average is $40.78 and its 200 day simple moving average is $32.78. Johnson Outdoors has a twelve month low of $21.33 and a twelve month high of $43.37.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.51. The firm had revenue of $180.66 million for the quarter, compared to analyst estimates of $172.98 million. Johnson Outdoors had a negative return on equity of 8.80% and a negative net margin of 7.02%. On average, analysts forecast that Johnson Outdoors will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, October 10th. Johnson Outdoors’s dividend payout ratio (DPR) is presently -34.11%.

Institutional Trading of Johnson Outdoors

Institutional investors have recently modified their holdings of the company. Peapod Lane Capital LLC grew its holdings in shares of Johnson Outdoors by 61.4% during the 1st quarter. Peapod Lane Capital LLC now owns 88,471 shares of the company’s stock worth $2,198,000 after purchasing an additional 33,659 shares in the last quarter. Skylands Capital LLC boosted its stake in Johnson Outdoors by 20.8% in the 1st quarter. Skylands Capital LLC now owns 195,950 shares of the company’s stock valued at $4,867,000 after buying an additional 33,750 shares in the last quarter. Unison Advisors LLC acquired a new stake in Johnson Outdoors in the 2nd quarter valued at $207,000. Dean Capital Management boosted its stake in Johnson Outdoors by 27.1% in the 1st quarter. Dean Capital Management now owns 63,466 shares of the company’s stock valued at $1,576,000 after buying an additional 13,524 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in Johnson Outdoors by 523.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 55,143 shares of the company’s stock valued at $1,370,000 after buying an additional 46,301 shares in the last quarter. 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.