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 research report report published on Saturday.

JOUT has been the topic of a number of other reports. Zacks Research upgraded Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings restated 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 Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Johnson Outdoors Stock Up 5.2%

JOUT stock opened at $49.33 on Friday. Johnson Outdoors has a 52 week low of $21.33 and a 52 week high of $50.99. The firm has a market capitalization of $513.53 million, a P/E ratio of -22.53, a price-to-earnings-growth ratio of 3.19 and a beta of 0.91. The company has a fifty day simple moving average of $44.39 and a two-hundred day simple moving average of $41.53.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results 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 0.82%. The firm had revenue of $140.94 million for the quarter, compared to the consensus estimate of $123.95 million. As a group, analysts anticipate that Johnson Outdoors will post -0.58 EPS for the current year.

Johnson Outdoors Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.7%. Johnson Outdoors’s payout ratio is presently -60.27%.

Insider Buying and Selling

In other Johnson Outdoors news, Director Edward F. Lang sold 2,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $43.94, for a total value of $87,880.00. Following the sale, the director owned 32,171 shares in the company, valued at $1,413,593.74. This trade represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 28.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JOUT. Geode Capital Management LLC lifted its holdings in Johnson Outdoors by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 144,816 shares of the company’s stock valued at $6,149,000 after buying an additional 7,383 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Johnson Outdoors by 260.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock worth $48,000 after acquiring an additional 811 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Johnson Outdoors by 4.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company’s stock worth $17,748,000 after acquiring an additional 17,700 shares during the period. Bailard Inc. bought a new stake in shares of Johnson Outdoors during the fourth quarter valued at approximately $276,000. Finally, Highlander Partners L.P. purchased a new stake in shares of Johnson Outdoors in the fourth quarter valued at approximately $50,000. 64.05% of the stock is currently owned by institutional investors.

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.