Johnson Outdoors (NASDAQ:JOUT) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Johnson Outdoors (NASDAQ:JOUT) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning.

JOUT has been the topic of several other reports. Zacks Research raised Johnson Outdoors from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of Johnson Outdoors in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Johnson Outdoors Price Performance

Shares of NASDAQ JOUT opened at $49.65 on Friday. Johnson Outdoors has a 1 year low of $21.33 and a 1 year high of $51.03. The stock has a market capitalization of $516.86 million, a P/E ratio of -22.67, a P/E/G ratio of 3.08 and a beta of 0.91. The company’s 50-day moving average is $45.05 and its 200 day moving average is $41.98.

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, 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 business had revenue of $140.94 million for the quarter, compared to analysts’ expectations of $123.95 million. Research analysts anticipate that Johnson Outdoors will post -0.58 earnings per share for the current year.

Johnson Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Thursday, January 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, January 8th. Johnson Outdoors’s dividend payout ratio is currently -60.27%.

Insider Buying and Selling at Johnson Outdoors

In other news, Director Edward F. Lang sold 2,000 shares of Johnson Outdoors stock in a transaction dated Wednesday, December 17th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 28.21% of the stock is owned by insiders.

Institutional Trading of Johnson Outdoors

A number of institutional investors and hedge funds have recently bought and sold shares of JOUT. CANADA LIFE ASSURANCE Co raised its holdings in Johnson Outdoors by 57.8% in 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. Jacobs Levy Equity Management Inc. increased its position in shares of Johnson Outdoors by 8.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 72,449 shares of the company’s stock valued at $3,075,000 after acquiring an additional 5,891 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Johnson Outdoors by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,669 shares of the company’s stock worth $2,151,000 after acquiring an additional 5,568 shares during the last quarter. Ieq Capital LLC lifted its position in Johnson Outdoors by 14.7% in the 4th quarter. Ieq Capital LLC now owns 10,708 shares of the company’s stock valued at $455,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Johnson Outdoors by 59.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,566 shares of the company’s stock valued at $279,000 after purchasing an additional 2,447 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors.

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.