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

Key Points

• Johnson Outdoors Inc. recently saw its stock price rise above its 200-day moving average, trading at $40.51 after previously reaching a high of $40.78.
• The company reported strong earnings, with a quarterly EPS of $0.75, surpassing analysts' expectations of $0.24, and had revenue of $180.66 million compared to an estimate of $172.98 million.
• Johnson Outdoors has announced a quarterly dividend of $0.33 per share, with the dividend yield standing at 3.3%.

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.05 and traded as high as $40.78. Johnson Outdoors shares last traded at $40.51, with a volume of 58,950 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Johnson Outdoors from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th.

Johnson Outdoors Price Performance

The firm has a 50-day moving average of $38.91 and a 200 day moving average of $31.05. The stock has a market capitalization of $420.17 million, a price-to-earnings ratio of -10.47 and a beta of 0.85.

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

Johnson Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, October 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.3%. Johnson Outdoors's dividend payout ratio (DPR) is -34.11%.

Hedge Funds Weigh In On Johnson Outdoors

A number of large investors have recently made changes to their positions in JOUT. Millennium Management LLC increased its stake in shares of Johnson Outdoors by 30.0% during the fourth quarter. Millennium Management LLC now owns 67,520 shares of the company's stock worth $2,228,000 after purchasing an additional 15,575 shares during the period. Two Sigma Investments LP increased its stake in shares of Johnson Outdoors by 164.9% during the fourth quarter. Two Sigma Investments LP now owns 21,006 shares of the company's stock worth $693,000 after purchasing an additional 13,076 shares during the period. Two Sigma Advisers LP increased its stake in shares of Johnson Outdoors by 47.7% during the fourth quarter. Two Sigma Advisers LP now owns 10,834 shares of the company's stock worth $358,000 after purchasing an additional 3,500 shares during the period. GAMMA Investing LLC increased its stake in shares of Johnson Outdoors by 5,310.7% during the first quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock worth $75,000 after purchasing an additional 2,974 shares during the period. Finally, Skylands Capital LLC increased its stake in Johnson Outdoors by 20.8% during the 1st quarter. Skylands Capital LLC now owns 195,950 shares of the company's stock worth $4,867,000 after acquiring an additional 33,750 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.