Zacks Investment Research cut shares of Johnson Outdoors Inc. (NASDAQ:JOUT) from a strong-buy rating to a hold rating in a research note published on Wednesday.
According to Zacks, “Johnson Outdoors Inc. is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors’ familiar brands include, among others: Old Town canoes and kayaks; Ocean Kayak and Necky kayaks; Lendal paddles; Escape electric boats; Minn Kota motors; Cannon downriggers; Humminbird, Bottom Line and Fishin’ Buddy fishfinders; Scubapro and UWATEC dive equipment; Silva compasses and digital instruments; and Eureka! tents. “
JOUT has been the topic of several other reports. Imperial Capital boosted their price objective on shares of Johnson Outdoors from $44.00 to $49.00 and gave the company an outperform rating in a research report on Tuesday, May 9th. Forward View raised shares of Johnson Outdoors from a sell rating to a hold rating in a research report on Tuesday, May 9th. Finally, ValuEngine raised shares of Johnson Outdoors from a hold rating to a buy rating in a research report on Friday, June 2nd.
Shares of Johnson Outdoors (NASDAQ:JOUT) traded up 0.92% during mid-day trading on Wednesday, hitting $48.52. The company had a trading volume of 14,204 shares. Johnson Outdoors has a one year low of $26.73 and a one year high of $49.85. The company has a market capitalization of $476.47 million, a P/E ratio of 21.42 and a beta of 0.76. The firm’s 50-day moving average price is $45.29 and its 200 day moving average price is $38.26.
Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, May 5th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.93 by $0.46. The business had revenue of $149.81 million for the quarter, compared to analysts’ expectations of $140.11 million. Johnson Outdoors had a net margin of 4.97% and a return on equity of 8.73%. Analysts predict that Johnson Outdoors will post $2.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, July 13th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, July 11th. This represents a $0.36 annualized dividend and a yield of 0.74%. Johnson Outdoors’s dividend payout ratio is currently 15.93%.
A number of large investors have recently bought and sold shares of JOUT. American International Group Inc. boosted 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 in the last quarter. Acrospire Investment Management LLC bought a new stake in Johnson Outdoors during the first quarter valued at approximately $122,000. Bank of Montreal Can boosted 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 in the last quarter. UBS Group AG boosted its stake in Johnson Outdoors by 416.1% in the first quarter. UBS Group AG now owns 5,445 shares of the company’s stock valued at $199,000 after buying an additional 4,390 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Johnson Outdoors by 1.4% in the fourth quarter. GSA Capital Partners LLP now owns 6,100 shares of the company’s stock valued at $242,000 after buying an additional 87 shares in the last quarter. 60.59% of the stock is currently owned by institutional investors and hedge funds.
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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