Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have received an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $73.50.
JOUT has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Sidoti initiated coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Finally, Imperial Capital increased 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.
Shares of Johnson Outdoors (NASDAQ JOUT) traded up $0.49 during mid-day trading on Friday, reaching $66.48. 21,238 shares of the company traded hands, compared to its average volume of 39,424. Johnson Outdoors has a one year low of $32.98 and a one year high of $76.18. The stock has a market cap of $673.50, a P/E ratio of 21.15 and a beta of 0.54.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.63. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. The company had revenue of $116.58 million for the quarter, compared to the consensus estimate of $97.22 million. analysts forecast that Johnson Outdoors will post 3.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 12th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.72%. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, April 11th. Johnson Outdoors’s dividend payout ratio is 12.82%.
In other news, VP David W. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $62.31, for a total transaction of $62,310.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 18.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Johnson Outdoors during the 4th quarter valued at about $157,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $206,000. Paloma Partners Management Co purchased a new stake in shares of Johnson Outdoors during the 4th quarter valued at about $207,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Johnson Outdoors by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after acquiring an additional 488 shares during the last quarter. Finally, Cypress Capital Management LLC WY purchased a new stake in shares of Johnson Outdoors during the 3rd quarter valued at about $254,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
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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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