Johnson Outdoors (NASDAQ:JOUT) Reaches New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

JOUT has been the subject of a number of research reports. Zacks Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen downgraded Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, Weiss Ratings reiterated 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Johnson Outdoors Trading Up 1.3%

The firm’s fifty day moving average price is $45.92 and its 200-day moving average price is $42.51. The company has a market cap of $525.50 million, a price-to-earnings ratio of -23.02, a price-to-earnings-growth ratio of 3.14 and a beta of 0.91.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.12. Johnson Outdoors had a positive return on equity of 0.83% and a negative net margin of 3.56%.The firm had revenue of $140.94 million for the quarter, compared to the consensus estimate of $123.95 million. As a group, research analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

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

Insider Activity at Johnson Outdoors

In other Johnson Outdoors news, Director Richard Casey Sheahan sold 7,580 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.77, for a total value of $377,256.60. Following the transaction, the director owned 5,739 shares of the company’s stock, valued at approximately $285,630.03. The trade was a 56.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward F. Lang sold 2,000 shares of the firm’s 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 sale, the director directly owned 32,171 shares of the company’s stock, valued at approximately $1,413,593.74. This represents a 5.85% 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

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in Johnson Outdoors by 22.9% during the fourth quarter. Empowered Funds LLC now owns 41,198 shares of the company’s stock valued at $1,749,000 after buying an additional 7,668 shares during the period. Bridgeway Capital Management LLC grew its position in Johnson Outdoors by 92.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company’s stock worth $2,893,000 after acquiring an additional 32,668 shares during the last quarter. AQR Capital Management LLC lifted its position in Johnson Outdoors by 74.4% in the fourth quarter. AQR Capital Management LLC now owns 100,125 shares of the company’s stock valued at $4,250,000 after purchasing an additional 42,715 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Johnson Outdoors by 6.4% during the fourth quarter. Trexquant Investment LP now owns 21,520 shares of the company’s stock valued at $914,000 after purchasing an additional 1,300 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Johnson Outdoors by 23.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,769 shares of the company’s stock worth $330,000 after purchasing an additional 1,480 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Company Profile

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.