Johnson Outdoors Inc. (NASDAQ:JOUT) – Equities research analysts at Imperial Capital lowered their Q2 2018 earnings per share (EPS) estimates for Johnson Outdoors in a report released on Wednesday. Imperial Capital analyst G. Kelly now expects that the company will post earnings per share of $1.45 for the quarter, down from their previous forecast of $1.48. Imperial Capital has a “Outperform” rating and a $75.00 price target on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ Q3 2018 earnings at $1.82 EPS.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings results on Friday, December 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Johnson Outdoors had a return on equity of 15.95% and a net margin of 6.10%. The firm had revenue of $91.76 million during the quarter, compared to analyst estimates of $81.97 million.

JOUT has been the subject of several other research reports. Zacks Investment Research raised Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research note on Tuesday, December 19th. Sidoti initiated coverage on Johnson Outdoors in a research note on Friday, January 19th. They set a “neutral” rating for the company. Finally, BidaskClub lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Johnson Outdoors currently has an average rating of “Buy” and a consensus price target of $73.33.

Shares of Johnson Outdoors (NASDAQ JOUT) traded down $1.17 during mid-day trading on Thursday, reaching $66.06. The company’s stock had a trading volume of 2,517 shares, compared to its average volume of 44,714. Johnson Outdoors has a 52-week low of $31.46 and a 52-week high of $76.18. The company has a market capitalization of $670.37, a price-to-earnings ratio of 17.83 and a beta of 0.56.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Johnson Outdoors by 10.3% in the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock worth $10,464,000 after buying an additional 20,232 shares during the period. Acadian Asset Management LLC increased its holdings in Johnson Outdoors by 5.4% during the 4th quarter. Acadian Asset Management LLC now owns 174,283 shares of the company’s stock valued at $10,822,000 after purchasing an additional 8,996 shares during the period. Tredje AP fonden increased its holdings in Johnson Outdoors by 0.8% during the 3rd quarter. Tredje AP fonden now owns 110,265 shares of the company’s stock valued at $4,470,000 after purchasing an additional 827 shares during the period. State Street Corp increased its holdings in Johnson Outdoors by 1.1% during the 2nd quarter. State Street Corp now owns 107,318 shares of the company’s stock valued at $5,176,000 after purchasing an additional 1,163 shares during the period. Finally, Northern Trust Corp increased its holdings in Johnson Outdoors by 5.9% during the 2nd quarter. Northern Trust Corp now owns 77,877 shares of the company’s stock valued at $3,754,000 after purchasing an additional 4,339 shares during the period. Hedge funds and other institutional investors own 61.66% of the company’s stock.

In other news, VP David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $62.31, for a total value of $62,310.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by insiders.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were issued a $0.10 dividend. The ex-dividend date was Wednesday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. Johnson Outdoors’s dividend payout ratio is currently 12.82%.

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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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