Johnson Outdoors Inc. (NASDAQ:JOUT – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 461,800 shares, a decrease of 5.7% from the September 30th total of 489,700 shares. Based on an average daily trading volume, of 45,300 shares, the days-to-cover ratio is currently 10.2 days. Currently, 5.5% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.
Get Our Latest Report on Johnson Outdoors
Hedge Funds Weigh In On Johnson Outdoors
Johnson Outdoors Stock Performance
NASDAQ:JOUT traded down $0.42 on Thursday, reaching $31.95. The company’s stock had a trading volume of 24,708 shares, compared to its average volume of 50,744. The firm has a market cap of $329.12 million, a PE ratio of 68.87, a PEG ratio of 1.40 and a beta of 0.70. The business’s 50-day moving average price is $35.26 and its two-hundred day moving average price is $36.56. Johnson Outdoors has a 1-year low of $31.92 and a 1-year high of $55.30.
Johnson Outdoors (NASDAQ:JOUT – Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). The company had revenue of $172.47 million for the quarter, compared to analyst estimates of $176.14 million. Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. During the same quarter last year, the business posted $1.44 earnings per share. As a group, sell-side analysts expect that Johnson Outdoors will post 0.07 EPS for the current year.
Johnson Outdoors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.13%. Johnson Outdoors’s payout ratio is presently 280.85%.
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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