Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
Johnson Outdoors Stock Down 1.2%
The company has a market capitalization of $302.67 million, a price-to-earnings ratio of -6.57 and a beta of 0.76. The stock's 50-day simple moving average is $26.63 and its two-hundred day simple moving average is $28.55.
Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, sell-side analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current year.
Hedge Funds Weigh In On Johnson Outdoors
A number of hedge funds have recently made changes to their positions in JOUT. Gamco Investors INC. ET AL boosted its stake in shares of Johnson Outdoors by 11.7% in the first quarter. Gamco Investors INC. ET AL now owns 397,117 shares of the company's stock worth $9,864,000 after acquiring an additional 41,717 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Johnson Outdoors by 18.2% in the 4th quarter. ProShare Advisors LLC now owns 231,016 shares of the company's stock valued at $7,624,000 after purchasing an additional 35,612 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Johnson Outdoors by 5.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 211,480 shares of the company's stock worth $5,253,000 after purchasing an additional 10,000 shares during the last quarter. Skylands Capital LLC grew its holdings in shares of Johnson Outdoors by 20.8% during the first quarter. Skylands Capital LLC now owns 195,950 shares of the company's stock worth $4,867,000 after buying an additional 33,750 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Johnson Outdoors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 124,539 shares of the company's stock worth $4,111,000 after buying an additional 783 shares in the last quarter. Institutional investors and hedge funds own 64.05% of the company's stock.
Johnson Outdoors Company Profile
(
Get Free Report)
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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