Johnson Outdoors (NASDAQ:JOUT) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.14 and traded as high as $32.10. Johnson Outdoors shares last traded at $31.18, with a volume of 56,419 shares traded.

Johnson Outdoors Price Performance

The firm's 50-day moving average is $28.47 and its 200 day moving average is $28.18. The stock has a market cap of $322.42 million, a price-to-earnings ratio of -7.00 and a beta of 0.78.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. The company had revenue of $168.35 million during the quarter, compared to analyst estimates of $178.27 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, sell-side analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current year.

Johnson Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.32 dividend on an annualized basis and a yield of 4.23%. Johnson Outdoors's dividend payout ratio (DPR) is -29.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its holdings in shares of Johnson Outdoors by 49.0% in the 1st quarter. CWM LLC now owns 1,575 shares of the company's stock valued at $39,000 after buying an additional 518 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Johnson Outdoors by 57.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,248 shares of the company's stock valued at $74,000 after buying an additional 820 shares during the period. Quantbot Technologies LP acquired a new position in shares of Johnson Outdoors in the 4th quarter valued at about $77,000. Wells Fargo & Company MN boosted its holdings in shares of Johnson Outdoors by 26.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,788 shares of the company's stock valued at $92,000 after buying an additional 583 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Johnson Outdoors by 5,310.7% in the 1st quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock valued at $75,000 after buying an additional 2,974 shares during the period. 64.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.