Johnson Outdoors (NASDAQ:JOUT) Downgraded to “Sell” at StockNews.com

Johnson Outdoors (NASDAQ:JOUT) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Johnson Outdoors Price Performance

NASDAQ JOUT traded up $0.49 during trading hours on Wednesday, hitting $42.40. The company’s stock had a trading volume of 130,648 shares, compared to its average volume of 54,951. Johnson Outdoors has a 12 month low of $32.79 and a 12 month high of $60.02. The company’s 50 day simple moving average is $35.89 and its two-hundred day simple moving average is $41.00. The company has a market cap of $436.72 million, a P/E ratio of 90.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. The company had revenue of $175.86 million during the quarter, compared to the consensus estimate of $158.76 million. As a group, research analysts predict that Johnson Outdoors will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JOUT. BNP Paribas Financial Markets boosted its holdings in shares of Johnson Outdoors by 47.9% in the first quarter. BNP Paribas Financial Markets now owns 3,175 shares of the company’s stock worth $146,000 after buying an additional 1,029 shares during the last quarter. Empowered Funds LLC raised its holdings in Johnson Outdoors by 8.2% in the 1st quarter. Empowered Funds LLC now owns 16,213 shares of the company’s stock worth $748,000 after purchasing an additional 1,225 shares during the period. SG Americas Securities LLC bought a new stake in Johnson Outdoors during the fourth quarter valued at about $101,000. Denali Advisors LLC increased its position in Johnson Outdoors by 6.7% in the first quarter. Denali Advisors LLC now owns 30,300 shares of the company’s stock worth $1,397,000 after buying an additional 1,900 shares in the last quarter. Finally, Isthmus Partners LLC increased its position in Johnson Outdoors by 7.8% in the fourth quarter. Isthmus Partners LLC now owns 27,340 shares of the company’s stock worth $1,461,000 after buying an additional 1,988 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

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.