BidaskClub downgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a sell rating to a strong sell rating in a research report report published on Friday morning, BidAskClub reports.

Other research analysts have also issued reports about the company. ValuEngine raised USINAS SIDERURG/S from a sell rating to a hold rating in a research report on Wednesday, May 29th. Imperial Capital upped their target price on PARKER DRILLING/SH PAR $ from $20.00 to $25.00 and gave the stock an outperform rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $89.33.

Shares of JOUT stock opened at $71.70 on Friday. Johnson Outdoors has a fifty-two week low of $54.66 and a fifty-two week high of $107.36. The business has a 50-day moving average price of $76.30. The firm has a market cap of $720.51 million, a price-to-earnings ratio of 15.29 and a beta of 0.97.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Friday, May 3rd. The company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.32. Johnson Outdoors had a return on equity of 15.51% and a net margin of 8.13%. The company had revenue of $177.71 million for the quarter, compared to analyst estimates of $171.80 million. On average, sell-side analysts forecast that Johnson Outdoors will post 4.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, July 10th. Johnson Outdoors’s dividend payout ratio is 11.94%.

In other news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $82.07, for a total transaction of $82,070.00. Following the transaction, the chief financial officer now owns 14,958 shares of the company’s stock, valued at approximately $1,227,603.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of JOUT. BNP Paribas Arbitrage SA grew its holdings in Johnson Outdoors by 3,187.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,019 shares of the company’s stock valued at $73,000 after buying an additional 988 shares during the last quarter. Citigroup Inc. grew its holdings in Johnson Outdoors by 16.4% in the 4th quarter. Citigroup Inc. now owns 1,558 shares of the company’s stock valued at $92,000 after buying an additional 220 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in Johnson Outdoors by 337.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,790 shares of the company’s stock valued at $105,000 after buying an additional 1,381 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Johnson Outdoors in the 4th quarter valued at approximately $236,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Johnson Outdoors by 4.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,963 shares of the company’s stock valued at $292,000 after buying an additional 212 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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