BidaskClub upgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a hold rating to a buy rating in a research note published on Thursday.
JOUT has been the subject of several other research reports. Zacks Investment Research raised shares of Johnson Outdoors from a hold rating to a strong-buy rating and set a $75.00 price target for the company in a research report on Wednesday, March 21st. Imperial Capital upped their price target on shares of Johnson Outdoors from $70.00 to $75.00 and gave the stock 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, ValuEngine raised shares of Johnson Outdoors from a hold rating to a buy rating in a research report on Friday, May 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Johnson Outdoors presently has an average rating of Buy and a consensus price target of $81.33.
Johnson Outdoors traded down $0.76, hitting $74.80, during trading hours on Thursday, Marketbeat Ratings reports. The company had a trading volume of 387 shares, compared to its average volume of 38,427. The stock has a market cap of $754.80 million, a price-to-earnings ratio of 24.25 and a beta of 0.53. Johnson Outdoors has a 1 year low of $75.27 and a 1 year high of $75.48.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, May 4th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.70. Johnson Outdoors had a net margin of 7.37% and a return on equity of 18.42%. The firm had revenue of $165.78 million during the quarter, compared to analysts’ expectations of $156.04 million. research analysts predict that Johnson Outdoors will post 4.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 26th. Investors of record on Thursday, April 12th were given a dividend of $0.12 per share. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, April 11th. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. Johnson Outdoors’s dividend payout ratio is presently 15.58%.
In related news, VP David W. Johnson sold 1,000 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $73.45, for a total transaction of $73,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.50% of the company’s stock.
A number of large investors have recently bought and sold shares of JOUT. Stratos Wealth Partners LTD. purchased a new stake in Johnson Outdoors during the first quarter valued at approximately $109,000. MetLife Investment Advisors LLC purchased a new stake in Johnson Outdoors during the fourth quarter valued at approximately $157,000. Victory Capital Management Inc. purchased a new stake in Johnson Outdoors during the first quarter valued at approximately $180,000. Paloma Partners Management Co purchased a new stake in Johnson Outdoors during the fourth quarter valued at approximately $207,000. Finally, Seizert Capital Partners LLC purchased a new stake in Johnson Outdoors during the first quarter valued at approximately $221,000. 61.75% of the stock is owned by institutional investors.
About Johnson Outdoors
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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