Johnson Outdoors (NASDAQ:JOUT) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Johnson Outdoors' stock price has recently crossed above its 200-day moving average of $31.99, trading as high as $42.45 before settling at $41.02.
• A majority of analysts have a consensus rating of "Sell", with Weiss Ratings reaffirming a "sell" rating and Zacks Research downgrading the stock to a "strong sell."
• Johnson Outdoors announced a quarterly dividend of $0.33 per share, with an annualized yield of 3.2%, despite a negative return on equity of 8.80% and a negative net margin of 7.02%.

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.99 and traded as high as $42.45. Johnson Outdoors shares last traded at $41.02, with a volume of 51,700 shares.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Johnson Outdoors in a research report on Wednesday. Zacks Research downgraded Johnson Outdoors from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen raised Johnson Outdoors from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Johnson Outdoors Price Performance

The stock has a fifty day moving average price of $40.39 and a 200 day moving average price of $31.99. The stock has a market capitalization of $425.38 million, a P/E ratio of -10.60, a price-to-earnings-growth ratio of 2.88 and a beta of 0.85.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.51. Johnson Outdoors had a negative return on equity of 8.80% and a negative net margin of 7.02%.The firm had revenue of $180.66 million during the quarter, compared to analyst estimates of $172.98 million. Research analysts anticipate that Johnson Outdoors Inc. will post -0.58 earnings per share for the current year.

Johnson Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.32 annualized dividend and a yield of 3.2%. Johnson Outdoors's dividend payout ratio (DPR) is currently -34.11%.

Institutional Investors Weigh In On Johnson Outdoors

Several large investors have recently added to or reduced their stakes in JOUT. PNC Financial Services Group Inc. boosted its stake in Johnson Outdoors by 1,175.7% during the second quarter. PNC Financial Services Group Inc. now owns 893 shares of the company's stock valued at $27,000 after buying an additional 823 shares during the period. CWM LLC boosted its stake in Johnson Outdoors by 49.0% during the first 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. Raymond James Financial Inc. bought a new stake in Johnson Outdoors during the second quarter valued at $52,000. GAMMA Investing LLC raised its position in Johnson Outdoors by 5,310.7% during the first quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock valued at $75,000 after purchasing an additional 2,974 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in Johnson Outdoors during the second quarter valued at about $120,000. Institutional investors own 64.05% of the company's stock.

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.

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