Johnson Outdoors (NASDAQ:JOUT) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading volume surged 62% to 101,559 shares and the stock traded near $49.68, rising about 3.7%, signaling heightened market interest.
• Analysts are split — Zacks upgraded to a strong-buy while Weiss maintained a sell, leaving the consensus rating at "Moderate Buy."
• Operationally the company beat the quarter's estimates (EPS -$0.33 vs. -$0.45; revenue $140.94M vs. $123.95M) but remains unprofitable (net margin -3.56%) and is forecast to report negative EPS (-0.58) for the year.

Shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) saw strong trading volume on Thursday . 101,559 shares traded hands during trading, an increase of 62% from the previous session's volume of 62,724 shares.The stock last traded at $49.68 and had previously closed at $49.52.

Analysts Set New Price Targets

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

Johnson Outdoors Trading Up 3.7%

The stock has a market capitalization of $534.70 million, a P/E ratio of -23.33, a P/E/G ratio of 2.89 and a beta of 0.82. The firm's fifty day moving average is $47.40 and its 200-day moving average is $43.93.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) 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. The firm had revenue of $140.94 million during the quarter, compared to analysts' expectations of $123.95 million. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%. Equities research analysts expect that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, April 16th. Johnson Outdoors's dividend payout ratio (DPR) is presently -60.27%.

Insiders Place Their Bets

In other Johnson Outdoors news, Director Richard Casey Sheahan sold 7,580 shares of the firm's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.77, for a total value of $377,256.60. Following the completion of the sale, the director owned 5,739 shares in the company, valued at approximately $285,630.03. This trade represents a 56.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 28.21% of the company's stock.

Institutional Investors Weigh In On Johnson Outdoors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co increased its position in Johnson Outdoors by 57.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company's stock valued at $43,000 after acquiring an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Johnson Outdoors by 260.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company's stock valued at $48,000 after acquiring an additional 811 shares in the last quarter. Highlander Partners L.P. acquired a new stake in shares of Johnson Outdoors during the 4th quarter worth approximately $50,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Johnson Outdoors during the 4th quarter worth approximately $50,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Johnson Outdoors during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds 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.

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