Shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.54 and traded as high as $29.58. Johnson Outdoors shares last traded at $29.39, with a volume of 44,670 shares trading hands.
Johnson Outdoors Trading Down 1.4%
The company has a market capitalization of $302.26 million, a P/E ratio of -6.56 and a beta of 0.76. The company's fifty day moving average is $26.78 and its 200 day moving average is $28.52.
Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its earnings results 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. The firm had revenue of $168.35 million for the quarter, compared to the consensus estimate of $178.27 million. Johnson Outdoors had a negative return on equity of 9.90% and a negative net margin of 8.23%. During the same quarter in the prior year, the business posted $0.21 earnings per share. Equities research analysts predict that Johnson Outdoors Inc. will post -0.58 EPS for the current year.
Johnson Outdoors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.32 annualized dividend and a yield of 4.51%. Johnson Outdoors's dividend payout ratio is currently -29.60%.
Institutional Investors Weigh In On Johnson Outdoors
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Johnson Outdoors by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 74,694 shares of the company's stock valued at $2,465,000 after acquiring an additional 7,861 shares in the last quarter. US Bancorp DE boosted its holdings in Johnson Outdoors by 15.4% in the 4th quarter. US Bancorp DE now owns 3,477 shares of the company's stock valued at $115,000 after purchasing an additional 465 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Johnson Outdoors during the 4th quarter valued at $1,695,000. Virtu Financial LLC purchased a new position in shares of Johnson Outdoors during the 4th quarter valued at $211,000. Finally, Quantbot Technologies LP bought a new position in shares of Johnson Outdoors in the fourth quarter worth $77,000. 64.05% of the stock is currently owned by institutional investors.
Johnson Outdoors Company Profile
(
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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.
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