Johnson Outdoors (NASDAQ:JOUT) has been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $74.00.
Several equities analysts have issued reports on JOUT shares. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, March 21st. Imperial Capital restated an “outperform” rating and set a $70.00 target price (up previously from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Sidoti started coverage on shares of Johnson Outdoors in a research note on Friday, January 19th. They set a “neutral” rating on the stock. Finally, BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JOUT. State Street Corp increased its position in shares of Johnson Outdoors by 1.1% during the 2nd quarter. State Street Corp now owns 107,318 shares of the company’s stock valued at $5,176,000 after purchasing an additional 1,163 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 purchasing an additional 488 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Johnson Outdoors by 78.3% during the 3rd quarter. Prudential Financial Inc. now owns 11,388 shares of the company’s stock valued at $835,000 after purchasing an additional 5,000 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Johnson Outdoors by 83.3% during the 3rd quarter. New York State Common Retirement Fund now owns 11,000 shares of the company’s stock valued at $806,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Johnson Outdoors by 117.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,432 shares of the company’s stock valued at $1,424,000 after purchasing an additional 10,477 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.
JOUT traded up $0.06 during midday trading on Wednesday, hitting $62.97. 1,379 shares of the company traded hands, compared to its average volume of 38,656. The stock has a market capitalization of $628.72, a P/E ratio of 16.73 and a beta of 0.53. Johnson Outdoors has a 52 week low of $32.98 and a 52 week high of $76.18.
Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, February 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.63. The business had revenue of $116.58 million for the quarter, compared to analysts’ expectations of $97.22 million. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. research analysts forecast that Johnson Outdoors will post 3.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 12th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 11th. This represents a $0.48 annualized dividend and a yield of 0.76%. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.10. Johnson Outdoors’s dividend payout ratio is currently 12.99%.
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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.
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