Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Johnson Outdoors’ rating score has improved by 33.3% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price target of $45.50 for the company and are expecting that the company will post $1.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Johnson Outdoors an industry rank of 184 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently issued reports on JOUT shares. ValuEngine raised Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Forward View raised Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Imperial Capital upped their price target on Johnson Outdoors from $44.00 to $49.00 and gave the company an “outperform” rating in a report on Tuesday, May 9th. Finally, BidaskClub downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Tuesday.
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Shares of Johnson Outdoors (NASDAQ:JOUT) traded down 2.48% during trading on Thursday, hitting $49.25. 1,293 shares of the company were exchanged. Johnson Outdoors has a 12 month low of $27.97 and a 12 month high of $50.65. The firm’s 50-day moving average price is $47.27 and its 200 day moving average price is $39.60. The firm has a market capitalization of $483.64 million, a PE ratio of 21.74 and a beta of 0.77.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, May 5th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.46. The firm had revenue of $149.81 million during the quarter, compared to the consensus estimate of $140.11 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 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, July 11th. Johnson Outdoors’s payout ratio is currently 15.93%.
Several large investors have recently bought and sold shares of JOUT. American International Group Inc. increased its stake in Johnson Outdoors by 7.2% in the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after buying an additional 202 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Johnson Outdoors during the first quarter valued at $122,000. Bank of Montreal Can increased its stake in Johnson Outdoors by 36.3% in the first quarter. Bank of Montreal Can now owns 4,758 shares of the company’s stock valued at $174,000 after buying an additional 1,268 shares during the last quarter. UBS Group AG increased its stake in Johnson Outdoors by 416.1% in the first quarter. UBS Group AG now owns 5,445 shares of the company’s stock valued at $199,000 after buying an additional 4,390 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Johnson Outdoors by 1.4% in the fourth quarter. GSA Capital Partners LLP now owns 6,100 shares of the company’s stock valued at $242,000 after buying an additional 87 shares during the last quarter. 60.51% of the stock is owned by institutional investors and hedge funds.
Johnson Outdoors Company Profile
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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