Other analysts also recently issued reports about the stock. Sidoti downgraded shares of Johnson Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $102.00 to $80.00 in a report on Monday, July 15th. Imperial Capital lowered their price objective on shares of Johnson Outdoors from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. They noted that the move was a valuation call. ValuEngine upgraded shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.00.
NASDAQ JOUT opened at $60.19 on Thursday. Johnson Outdoors has a 12-month low of $54.12 and a 12-month high of $91.90. The company has a market capitalization of $604.45 million, a PE ratio of 14.22 and a beta of 0.94. The firm’s 50 day moving average is $57.68 and its 200-day moving average is $69.30.
Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.13). Johnson Outdoors had a net margin of 7.74% and a return on equity of 14.40%. The business had revenue of $176.25 million during the quarter, compared to analyst estimates of $176.30 million. On average, sell-side analysts predict that Johnson Outdoors will post 4.53 earnings per share for the current fiscal year.
In other news, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $60.39, for a total value of $60,390.00. Following the sale, the chief financial officer now directly owns 13,958 shares in the company, valued at $842,923.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.60% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Systematic Financial Management LP bought a new position in shares of Johnson Outdoors in the second quarter valued at $75,000. Meeder Asset Management Inc. grew its stake in shares of Johnson Outdoors by 5,894.7% in the second quarter. Meeder Asset Management Inc. now owns 1,139 shares of the company’s stock valued at $85,000 after buying an additional 1,120 shares in the last quarter. Aperio Group LLC bought a new position in shares of Johnson Outdoors in the second quarter valued at $102,000. Alberta Investment Management Corp bought a new position in shares of Johnson Outdoors in the second quarter valued at $216,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Johnson Outdoors by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,804 shares of the company’s stock valued at $284,000 after buying an additional 300 shares in the last quarter. 63.47% of the stock is 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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