Wall Street analysts expect Johnson Outdoors Inc. (NASDAQ:JOUT) to post sales of $98.21 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Johnson Outdoors’ earnings, with the lowest sales estimate coming in at $97.22 million and the highest estimate coming in at $99.20 million. Johnson Outdoors posted sales of $93.73 million during the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The business is scheduled to issue its next earnings report on Friday, February 2nd.
On average, analysts expect that Johnson Outdoors will report full-year sales of $98.21 million for the current financial year, with estimates ranging from $501.50 million to $507.34 million. For the next fiscal year, analysts anticipate that the firm will post sales of $524.15 million per share. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Johnson Outdoors.
Several research firms have commented on JOUT. ValuEngine downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Imperial Capital restated an “outperform” rating and issued a $70.00 price target (up previously from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Forward View restated a “buy” rating and issued a $72.00 price target on shares of Johnson Outdoors in a research note on Sunday, September 3rd. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $71.67.
Several large investors have recently made changes to their positions in JOUT. Vanguard Group Inc. increased its holdings in Johnson Outdoors by 14.0% in the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock valued at $7,184,000 after buying an additional 24,147 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Johnson Outdoors in the second quarter valued at approximately $1,007,000. LSV Asset Management grew its position in shares of Johnson Outdoors by 7.7% in the second quarter. LSV Asset Management now owns 262,083 shares of the company’s stock valued at $12,635,000 after purchasing an additional 18,788 shares during the last quarter. Chicago Equity Partners LLC grew its position in shares of Johnson Outdoors by 31.9% in the third quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock valued at $4,531,000 after purchasing an additional 14,960 shares during the last quarter. Finally, First Quadrant L P CA acquired a new stake in Johnson Outdoors during the third quarter worth approximately $1,077,000. 61.31% of the stock is owned by institutional investors and hedge funds.
Shares of Johnson Outdoors (JOUT) traded down $1.11 during midday trading on Friday, reaching $64.23. The company’s stock had a trading volume of 26,559 shares, compared to its average volume of 43,218. The stock has a market capitalization of $653.35, a price-to-earnings ratio of 18.09 and a beta of 0.67. Johnson Outdoors has a 52 week low of $31.25 and a 52 week high of $76.18.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $0.40 annualized dividend and a yield of 0.62%. Johnson Outdoors’s dividend payout ratio is presently 11.27%.
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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