Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Johnson Outdoors from a hold rating to a strong-buy rating and set a $53.00 target price for the company in a research report on Thursday, May 11th. Imperial Capital lifted their target price on Johnson Outdoors from $44.00 to $49.00 and gave the stock an outperform rating in a research report on Tuesday, May 9th. BidaskClub downgraded Johnson Outdoors from a buy rating to a hold rating in a research report on Tuesday, July 25th. Finally, ValuEngine upgraded Johnson Outdoors from a hold rating to a buy rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $53.00.
Shares of Johnson Outdoors (NASDAQ:JOUT) opened at 61.15 on Friday. The company has a market capitalization of $601.23 million, a price-to-earnings ratio of 18.89 and a beta of 0.77. Johnson Outdoors has a 12-month low of $28.55 and a 12-month high of $64.39. The company’s 50-day moving average is $52.50 and its 200-day moving average is $42.20.
Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The business had revenue of $155.27 million during the quarter, compared to the consensus estimate of $149.29 million. Analysts predict that Johnson Outdoors will post $3.49 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 13th were issued a $0.09 dividend. The ex-dividend date was Tuesday, July 11th. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. Johnson Outdoors’s payout ratio is currently 11.15%.
In related news, Director Terry E. London sold 1,127 shares of Johnson Outdoors stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 28.03% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. 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. Smith Asset Management Group LP purchased a new stake in Johnson Outdoors during the second quarter valued at $149,000. 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. Finally, ClariVest Asset Management LLC purchased a new stake in Johnson Outdoors during the second quarter valued at $174,000. Hedge funds and other institutional investors own 60.43% 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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