Johnson Outdoors Inc. (JOUT) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $73.33.

A number of analysts recently commented on the stock. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Imperial Capital upped their price objective on shares of Johnson Outdoors from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Sidoti assumed coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, December 19th.

Johnson Outdoors (NASDAQ JOUT) traded down $0.83 on Tuesday, hitting $64.55. 24,700 shares of the company were exchanged, compared to its average volume of 44,072. Johnson Outdoors has a 1-year low of $32.98 and a 1-year high of $76.18. The company has a market cap of $653.41, a PE ratio of 20.69 and a beta of 0.56.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Friday, December 8th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $81.97 million. research analysts anticipate that Johnson Outdoors will post 3.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, January 10th. Johnson Outdoors’s dividend payout ratio is currently 12.82%.

In other Johnson Outdoors news, VP David W. Johnson sold 1,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $62.31, for a total transaction of $62,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Case Sheahan sold 4,434 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in JOUT. JPMorgan Chase & Co. increased its holdings in Johnson Outdoors by 63.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,655 shares of the company’s stock worth $996,000 after purchasing an additional 8,035 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Johnson Outdoors by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 43,699 shares of the company’s stock worth $2,107,000 after purchasing an additional 5,094 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Johnson Outdoors by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 13,269 shares of the company’s stock worth $640,000 after purchasing an additional 195 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Johnson Outdoors by 14.8% during the 2nd quarter. Nationwide Fund Advisors now owns 24,806 shares of the company’s stock worth $1,196,000 after purchasing an additional 3,192 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Johnson Outdoors by 30.4% during the 2nd quarter. New York State Common Retirement Fund now owns 6,000 shares of the company’s stock worth $289,000 after purchasing an additional 1,399 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

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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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