Johnson Outdoors (NASDAQ:JOUT) posted its quarterly earnings results on Friday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.44), Bloomberg Earnings reports. Johnson Outdoors had a net margin of 8.48% and a return on equity of 20.47%.
Shares of JOUT opened at $61.70 on Friday. The firm has a market cap of $700.59 million, a P/E ratio of 20.03 and a beta of 0.88. Johnson Outdoors has a 12 month low of $54.66 and a 12 month high of $107.36.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Thursday, January 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $0.56 dividend on an annualized basis and a yield of 0.91%. Johnson Outdoors’s payout ratio is currently 18.18%.
A number of institutional investors and hedge funds have recently modified their holdings of JOUT. Tredje AP fonden grew its stake in Johnson Outdoors by 90.2% during the 2nd quarter. Tredje AP fonden now owns 156,181 shares of the company’s stock worth $5,265,000 after buying an additional 74,065 shares during the last quarter. Renaissance Technologies LLC grew its stake in Johnson Outdoors by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 397,300 shares of the company’s stock worth $33,584,000 after buying an additional 43,700 shares during the last quarter. Marshall Wace LLP bought a new position in Johnson Outdoors during the 3rd quarter worth $2,439,000. BlackRock Inc. grew its stake in Johnson Outdoors by 6.8% during the 2nd quarter. BlackRock Inc. now owns 374,253 shares of the company’s stock worth $31,635,000 after buying an additional 23,982 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Johnson Outdoors by 13.9% during the 3rd quarter. Acadian Asset Management LLC now owns 193,374 shares of the company’s stock worth $17,984,000 after buying an additional 23,639 shares during the last quarter. Hedge funds and other institutional investors own 61.66% of the company’s stock.
Several research firms recently issued reports on JOUT. BidaskClub lowered Johnson Outdoors from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. ValuEngine lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Johnson Outdoors presently has an average rating of “Hold” and a consensus price target of $98.50.
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Johnson Outdoors Company Profile
Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing 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.
See Also: Diversification
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