BidaskClub upgraded shares of Johnson Outdoors Inc. (NASDAQ:JOUT) from a hold rating to a buy rating in a research report report published on Wednesday morning.
JOUT has been the topic of several other reports. ValuEngine upgraded Johnson Outdoors from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research cut Johnson Outdoors from a strong-buy rating to a hold rating in a report on Wednesday, July 12th. Forward View upgraded Johnson Outdoors from a sell rating to a hold rating in a report on Tuesday, May 9th. Finally, Imperial Capital boosted their price target on Johnson Outdoors from $44.00 to $49.00 and gave the stock an outperform rating in a report on Tuesday, May 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $44.00.
Shares of Johnson Outdoors (NASDAQ JOUT) traded up 3.95% on Wednesday, hitting $54.95. 120,908 shares of the stock traded hands. The stock has a 50 day moving average of $47.87 and a 200-day moving average of $40.08. Johnson Outdoors has a 1-year low of $27.97 and a 1-year high of $56.99. The stock has a market cap of $539.61 million, a PE ratio of 24.26 and a beta of 0.77.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.63. The company had revenue of $155.27 million for the quarter, compared to analysts’ expectations of $149.29 million. Johnson Outdoors had a return on equity of 8.73% and a net margin of 4.97%. On average, equities research analysts expect that Johnson Outdoors will post $2.87 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Tuesday, July 11th. Johnson Outdoors’s dividend payout ratio (DPR) is currently 15.93%.
Several hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Johnson Outdoors by 2.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,593 shares of the company’s stock valued at $460,000 after buying an additional 360 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Johnson Outdoors during the first quarter valued at $544,000. State Street Corp boosted its stake in Johnson Outdoors by 5.7% in the fourth quarter. State Street Corp now owns 101,316 shares of the company’s stock valued at $4,026,000 after buying an additional 5,504 shares during the period. Oxford Asset Management purchased a new stake in Johnson Outdoors during the first quarter valued at $281,000. Finally, Acrospire Investment Management LLC purchased a new stake in Johnson Outdoors during the first quarter valued at $122,000. Institutional investors own 60.17% of the company’s stock.
About Johnson Outdoors
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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