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

Key Points

• Johnson Outdoors hit a new 52-week high of $53.54 on Thursday, with about 60,800 shares traded and a last price of $53.50.
• Despite the rally, analysts are leaning negative — recent downgrades from Wall Street Zen and Zacks leave a MarketBeat consensus rating of "Reduce".
• Fundamentals are mixed: the company beat expectations with EPS (‑$0.33 vs. ‑$0.45 est.) and $140.9M revenue, but it has a negative net margin (‑3.56%), a negative PE, and pays a $0.33 quarterly dividend (~2.5% yield).

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $53.54 and last traded at $53.50, with a volume of 60795 shares trading hands. The stock had previously closed at $52.95.

Wall Street Analyst Weigh In

JOUT has been the subject of several analyst reports. Wall Street Zen lowered shares of Johnson Outdoors from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 15th. Zacks Research lowered shares of Johnson Outdoors from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Johnson Outdoors presently has a consensus rating of "Reduce".

Johnson Outdoors Stock Performance

The company's 50 day moving average price is $48.63 and its 200-day moving average price is $45.32. The company has a market cap of $556.88 million, a PE ratio of -24.43, a price-to-earnings-growth ratio of 3.74 and a beta of 0.89.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.12. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%. The company had revenue of $140.94 million during the quarter, compared to analyst estimates of $123.95 million. Equities research analysts expect that Johnson Outdoors Inc. will post 1 EPS for the current year.

Johnson Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, April 16th. This represents a $1.32 annualized dividend and a dividend yield of 2.5%. Johnson Outdoors's dividend payout ratio (DPR) is presently -60.27%.

Insider Activity

In other news, Director Richard Casey Sheahan sold 7,580 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $49.77, for a total transaction of $377,256.60. Following the completion of the sale, the director owned 5,739 shares in the company, valued at $285,630.03. This trade represents a 56.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 28.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Johnson Outdoors

Several large investors have recently modified their holdings of JOUT. CANADA LIFE ASSURANCE Co increased its stake in shares of Johnson Outdoors by 57.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company's stock worth $43,000 after purchasing an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Johnson Outdoors by 260.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company's stock worth $48,000 after purchasing an additional 811 shares during the last quarter. Highlander Partners L.P. bought a new position in Johnson Outdoors in the 4th quarter worth approximately $50,000. Kemnay Advisory Services Inc. bought a new position in Johnson Outdoors in the 4th quarter worth approximately $50,000. Finally, Raymond James Financial Inc. bought a new position in Johnson Outdoors in the 2nd quarter worth approximately $52,000. 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.

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