Johnson Outdoors Inc. (NASDAQ:JOUT – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 547,600 shares, a growth of 5.3% from the June 30th total of 519,900 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average daily volume of 66,800 shares, the short-interest ratio is presently 8.2 days.
Analyst Ratings Changes
Separately, StockNews.com lowered Johnson Outdoors from a “hold” rating to a “sell” rating in a research report on Wednesday.
View Our Latest Research Report on Johnson Outdoors
Institutional Investors Weigh In On Johnson Outdoors
Johnson Outdoors Stock Down 3.9 %
JOUT stock opened at $40.76 on Friday. The business has a fifty day moving average of $36.13 and a two-hundred day moving average of $41.01. The stock has a market cap of $419.83 million, a price-to-earnings ratio of 86.72, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74. Johnson Outdoors has a 52-week low of $32.79 and a 52-week high of $59.65.
Johnson Outdoors (NASDAQ:JOUT – Get Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.29). The business had revenue of $175.86 million for the quarter, compared to analyst estimates of $158.76 million. Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. As a group, sell-side analysts anticipate that Johnson Outdoors will post 1.13 EPS for the current year.
Johnson Outdoors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.32 annualized dividend and a yield of 3.24%. Johnson Outdoors’s dividend payout ratio (DPR) is 280.85%.
Johnson Outdoors Company Profile
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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