Johnson Outdoors Inc. (NASDAQ:JOUT) has earned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $73.50.
Several research analysts have weighed in on the stock. Imperial Capital restated an “outperform” rating and set a $70.00 target price (up from $63.00) on shares of Johnson Outdoors in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, December 19th. Sidoti assumed coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th.
In other Johnson Outdoors news, Director Richard Case Sheahan sold 4,434 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total value of $273,356.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $62.31, for a total transaction of $62,310.00. The disclosure for this sale can be found here. Corporate insiders own 18.50% of the company’s stock.
Shares of Johnson Outdoors (NASDAQ:JOUT) traded down $0.75 during trading on Tuesday, hitting $64.52. 33,008 shares of the stock were exchanged, compared to its average volume of 40,845. Johnson Outdoors has a twelve month low of $32.98 and a twelve month high of $76.18. The firm has a market capitalization of $644.81, a price-to-earnings ratio of 17.16 and a beta of 0.57.
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 analysts’ consensus estimates of $0.02 by $0.04. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. The business had revenue of $91.76 million for the quarter, compared to analyst estimates of $81.97 million. analysts expect that Johnson Outdoors will post 3.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $0.40 annualized dividend and a yield of 0.62%. Johnson Outdoors’s payout ratio is currently 12.82%.
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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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