Johnson Outdoors (NASDAQ:JOUT) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday, February 4th.
Several other research analysts have also recently issued reports on the company. BidaskClub cut Johnson Outdoors from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Imperial Capital restated an “outperform” rating and issued a $75.00 price target (down previously from $110.00) on shares of Johnson Outdoors in a research report on Friday, December 14th. Finally, Zacks Investment Research cut 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 assigned a hold rating and two have issued a buy rating to the stock. Johnson Outdoors has an average rating of “Hold” and an average target price of $81.00.
Shares of NASDAQ JOUT traded up $1.73 during mid-day trading on Monday, hitting $61.85. 54,200 shares of the company were exchanged, compared to its average volume of 49,439. Johnson Outdoors has a 1-year low of $54.66 and a 1-year high of $107.36. The company has a market cap of $605.51 million, a PE ratio of 13.19 and a beta of 0.99.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings results on Monday, February 4th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.22). The company had revenue of $104.44 million for the quarter, compared to analyst estimates of $119.92 million. Johnson Outdoors had a return on equity of 15.95% and a net margin of 8.26%. On average, research analysts expect that Johnson Outdoors will post 4.44 EPS for the current year.
In related news, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $60.06, for a total transaction of $60,060.00. Following the completion of the sale, the chief financial officer now owns 15,958 shares in the company, valued at approximately $958,437.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 18.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of JOUT. Stratos Wealth Partners LTD. acquired a new stake in Johnson Outdoors in the 3rd quarter worth about $144,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Johnson Outdoors in the 3rd quarter worth about $205,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Johnson Outdoors in the 3rd quarter valued at about $317,000. MetLife Investment Advisors LLC lifted its stake in shares of Johnson Outdoors by 54.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 3,905 shares of the company’s stock valued at $363,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Cypress Capital Management LLC WY lifted its stake in shares of Johnson Outdoors by 20.5% in the 3rd quarter. Cypress Capital Management LLC WY now owns 4,170 shares of the company’s stock valued at $388,000 after purchasing an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 61.06% of the company’s stock.
Johnson Outdoors Company Profile
Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric 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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