Johnson Outdoors Inc. (NASDAQ:JOUT) – Imperial Capital issued their Q1 2018 earnings estimates for Johnson Outdoors in a research report issued on Friday, according to Zacks Investment Research. Imperial Capital analyst G. Kelly forecasts that the company will post earnings of $0.03 per share for the quarter. Imperial Capital has a “Outperform” rating and a $70.00 price objective on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ Q2 2018 earnings at $1.48 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $3.41 EPS and FY2019 earnings at $3.63 EPS.
A number of other analysts have also recently weighed in on JOUT. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.67.
Several institutional investors and hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC grew its holdings in shares of Johnson Outdoors by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 13,269 shares of the company’s stock worth $640,000 after purchasing an additional 195 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Johnson Outdoors by 11.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock worth $231,000 after purchasing an additional 488 shares during the last quarter. Credit Suisse AG grew its holdings in shares of Johnson Outdoors by 9.6% in the 1st quarter. Credit Suisse AG now owns 6,711 shares of the company’s stock worth $245,000 after purchasing an additional 586 shares during the last quarter. Tredje AP fonden grew its holdings in shares of Johnson Outdoors by 0.8% in the 3rd quarter. Tredje AP fonden now owns 110,265 shares of the company’s stock worth $4,470,000 after purchasing an additional 827 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Johnson Outdoors by 1.1% in the 2nd quarter. State Street Corp now owns 107,318 shares of the company’s stock worth $5,176,000 after purchasing an additional 1,163 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.
In other Johnson Outdoors news, Director Richard Case Sheahan sold 4,434 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total value of $273,356.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $62.31, for a total transaction of $62,310.00. The disclosure for this sale can be found here. Insiders own 28.42% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, January 10th. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.27%.
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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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