Johnson Outdoors Inc. (JOUT) Downgraded to Hold at BidaskClub
BidaskClub cut shares of Johnson Outdoors Inc. (NASDAQ:JOUT) from a buy rating to a hold rating in a research note published on Tuesday morning.
Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Johnson Outdoors from a hold rating to a buy rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Johnson Outdoors from a strong-buy rating to a hold rating in a research report on Wednesday, July 12th. Forward View upgraded shares of Johnson Outdoors from a sell rating to a hold rating in a research report on Tuesday, May 9th. Finally, Imperial Capital upped their price target on shares of Johnson Outdoors from $44.00 to $49.00 and gave the stock an outperform rating in a research report on Tuesday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $44.00.
Shares of Johnson Outdoors (NASDAQ JOUT) traded up 0.24% on Tuesday, hitting $50.36. The stock had a trading volume of 10,822 shares. The firm has a market cap of $494.54 million, a P/E ratio of 22.23 and a beta of 0.77. Johnson Outdoors has a 12 month low of $27.97 and a 12 month high of $51.46. The firm’s 50-day moving average price is $47.58 and its 200 day moving average price is $39.80.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, May 5th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.46. Johnson Outdoors had a net margin of 4.97% and a return on equity of 8.73%. The firm had revenue of $149.81 million during the quarter, compared to the consensus estimate of $140.11 million. Analysts anticipate that Johnson Outdoors will post $2.87 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.71%. Johnson Outdoors’s payout ratio is 15.93%.
A number of hedge funds have recently added to or reduced their stakes in JOUT. Thomson Horstmann & Bryant Inc. increased its stake in Johnson Outdoors by 82.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 285,360 shares of the company’s stock worth $10,415,000 after buying an additional 128,834 shares during the last quarter. Renaissance Technologies LLC increased its stake in Johnson Outdoors by 5.0% in the first quarter. Renaissance Technologies LLC now owns 280,700 shares of the company’s stock worth $10,246,000 after buying an additional 13,300 shares during the last quarter. LSV Asset Management increased its stake in Johnson Outdoors by 31.9% in the first quarter. LSV Asset Management now owns 243,295 shares of the company’s stock worth $8,880,000 after buying an additional 58,788 shares during the last quarter. Vanguard Group Inc. increased its stake in Johnson Outdoors by 14.0% in the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock worth $7,184,000 after buying an additional 24,147 shares during the last quarter. Finally, FMR LLC increased its stake in Johnson Outdoors by 52.8% in the first quarter. FMR LLC now owns 138,613 shares of the company’s stock worth $5,059,000 after buying an additional 47,913 shares during the last quarter. Institutional investors own 60.51% 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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