Johnson Outdoors (NASDAQ:JOUT) Hits New 12-Month High – What’s Next?

Johnson Outdoors Inc. (NASDAQ:JOUT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $51.55 and last traded at $51.04, with a volume of 16037 shares. The stock had previously closed at $49.81.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Johnson Outdoors in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Johnson Outdoors Stock Up 1.3%

The firm has a market cap of $525.50 million, a price-to-earnings ratio of -23.02, a P/E/G ratio of 3.14 and a beta of 0.91. The business’s 50-day simple moving average is $45.92 and its two-hundred day simple moving average is $42.51.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.12. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%. The company had revenue of $140.94 million during the quarter, compared to analysts’ expectations of $123.95 million. On average, analysts expect that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Thursday, January 8th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, January 8th. Johnson Outdoors’s payout ratio is -60.27%.

Insider Activity at Johnson Outdoors

In other Johnson Outdoors news, Director Edward F. Lang sold 2,000 shares of Johnson Outdoors stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $43.94, for a total value of $87,880.00. Following the completion of the transaction, the director owned 32,171 shares of the company’s stock, valued at $1,413,593.74. The trade was a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Casey Sheahan sold 7,580 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.77, for a total transaction of $377,256.60. Following the completion of the transaction, the director owned 5,739 shares in the company, valued at approximately $285,630.03. The trade was a 56.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 28.21% of the company’s stock.

Institutional Investors Weigh In On Johnson Outdoors

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in Johnson Outdoors by 3.7% during the second quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock worth $244,000 after acquiring an additional 289 shares in the last quarter. CWM LLC boosted its position in Johnson Outdoors by 6.5% in the fourth quarter. CWM LLC now owns 4,743 shares of the company’s stock valued at $201,000 after buying an additional 289 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Johnson Outdoors by 57.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock worth $43,000 after buying an additional 373 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Johnson Outdoors by 21.1% in the fourth quarter. Deutsche Bank AG now owns 3,091 shares of the company’s stock valued at $131,000 after acquiring an additional 538 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Johnson Outdoors by 5.8% in the 2nd quarter. Sei Investments Co. now owns 11,409 shares of the company’s stock worth $345,000 after acquiring an additional 622 shares in the last quarter. Institutional investors and hedge funds 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.