A number of other research firms also recently commented on JOUT. Zacks Investment Research downgraded shares of Johnson Outdoors from a hold rating to a sell rating in a report on Friday, August 9th. ValuEngine downgraded shares of Johnson Outdoors from a hold rating to a sell rating in a report on Friday, August 2nd. Sidoti downgraded shares of Johnson Outdoors from a buy rating to a neutral rating and cut their price objective for the company from $102.00 to $80.00 in a report on Monday, July 15th. Finally, Imperial Capital cut their price objective on shares of Johnson Outdoors from $95.00 to $80.00 and set an outperform rating for the company in a report on Tuesday, August 6th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $79.00.
Shares of Johnson Outdoors stock opened at $59.89 on Friday. The firm has a market capitalization of $620.02 million, a PE ratio of 12.77 and a beta of 0.94. Johnson Outdoors has a twelve month low of $54.12 and a twelve month high of $103.59. The firm’s 50-day moving average price is $59.28 and its 200 day moving average price is $70.50.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.19 EPS for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.13). The business had revenue of $176.25 million during the quarter, compared to analyst estimates of $176.30 million. Johnson Outdoors had a net margin of 7.74% and a return on equity of 14.40%. On average, equities analysts anticipate that Johnson Outdoors will post 4.53 EPS for the current fiscal year.
In other Johnson Outdoors news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $60.39, for a total value of $60,390.00. Following the completion of the sale, the chief financial officer now owns 13,958 shares in the company, valued at approximately $842,923.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 18.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in JOUT. Systematic Financial Management LP acquired a new stake in shares of Johnson Outdoors during the 2nd quarter worth approximately $75,000. BNP Paribas Arbitrage SA increased its holdings in shares of Johnson Outdoors by 3,187.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,019 shares of the company’s stock worth $73,000 after buying an additional 988 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Johnson Outdoors by 5,894.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,139 shares of the company’s stock worth $85,000 after buying an additional 1,120 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Johnson Outdoors during the 2nd quarter worth approximately $102,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Johnson Outdoors during the 2nd quarter worth approximately $216,000. Institutional investors own 63.47% of the company’s stock.
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.
Further Reading: Why do analysts give a neutral rating?
Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.