Zacks: Johnson Outdoors Inc. (NASDAQ:JOUT) Given Consensus Recommendation of “” by Analysts
Johnson Outdoors Inc. (NASDAQ:JOUT) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating. Johnson Outdoors’ rating score has improved by 50% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1-year consensus price target of $61.50 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Johnson Outdoors an industry rank of 199 out of 265 based on the ratings given to its competitors.
Several equities analysts have weighed in on JOUT shares. Forward View raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. ValuEngine raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Imperial Capital lifted their target price on Johnson Outdoors from $44.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday, May 9th.
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Shares of Johnson Outdoors (NASDAQ JOUT) traded up 3.11% during trading on Friday, hitting $61.61. 62,329 shares of the stock were exchanged. The stock has a 50-day moving average of $50.49 and a 200 day moving average of $41.23. Johnson Outdoors has a 12-month low of $28.26 and a 12-month high of $61.85. The stock has a market cap of $605.75 million, a P/E ratio of 19.03 and a beta of 0.77.
Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.63. Johnson Outdoors had a return on equity of 28.79% and a net margin of 10.66%. The company had revenue of $155.27 million for the quarter, compared to analysts’ expectations of $149.29 million. Equities analysts predict that Johnson Outdoors will post $2.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 13th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, July 11th. This represents a $0.36 annualized dividend and a yield of 0.58%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 11.15%.
In other Johnson Outdoors news, Director Terry E. London sold 1,127 shares of Johnson Outdoors stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.81, for a total transaction of $67,405.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 28.03% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Johnson Outdoors by 82.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 285,360 shares of the company’s stock valued at $10,415,000 after buying an additional 128,834 shares during the last quarter. LSV Asset Management boosted its stake in shares of Johnson Outdoors by 31.9% in the first quarter. LSV Asset Management now owns 243,295 shares of the company’s stock valued at $8,880,000 after buying an additional 58,788 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Johnson Outdoors during the first quarter valued at approximately $1,883,000. FMR LLC boosted its stake in shares of Johnson Outdoors by 52.8% in the first quarter. FMR LLC now owns 138,613 shares of the company’s stock valued at $5,059,000 after buying an additional 47,913 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Johnson Outdoors during the first quarter valued at approximately $1,401,000. 60.26% of the stock is owned by institutional investors and hedge funds.
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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