Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $40.00 for the company and are anticipating that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Johnson Outdoors an industry rank of 236 out of 265 based on the ratings given to its competitors.
Separately, Imperial Capital started coverage on shares of Johnson Outdoors in a research note on Wednesday, August 24th. They set an “outperform” rating and a $40.00 target price for the company.
In related news, CFO David W. Johnson sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief financial officer now owns 23,695 shares of the company’s stock, valued at approximately $841,883.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 28.42% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Johnson Outdoors by 76.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 294,657 shares of the company’s stock valued at $7,573,000 after buying an additional 127,649 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Johnson Outdoors by 52.0% in the second quarter. Ameriprise Financial Inc. now owns 134,710 shares of the company’s stock valued at $3,463,000 after buying an additional 46,070 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Johnson Outdoors by 1.5% in the second quarter. Vanguard Group Inc. now owns 129,530 shares of the company’s stock valued at $3,329,000 after buying an additional 1,932 shares in the last quarter. Boston Partners boosted its stake in shares of Johnson Outdoors by 7.1% in the second quarter. Boston Partners now owns 93,193 shares of the company’s stock valued at $2,395,000 after buying an additional 6,141 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Johnson Outdoors by 5.3% in the second quarter. State Street Corp now owns 86,814 shares of the company’s stock valued at $2,229,000 after buying an additional 4,372 shares in the last quarter. 61.97% of the stock is owned by institutional investors.
Johnson Outdoors (NASDAQ:JOUT) opened at 36.37 on Monday. Johnson Outdoors has a one year low of $18.33 and a one year high of $37.38. The company’s 50-day moving average price is $33.14 and its 200-day moving average price is $27.03. The stock has a market cap of $357.34 million, a P/E ratio of 21.58 and a beta of 1.01.
Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Monday, August 8th. The company reported $0.68 EPS for the quarter. The business earned $139.30 million during the quarter, compared to analysts’ expectations of $140.88 million. Johnson Outdoors had a net margin of 3.78% and a return on equity of 8.26%. Analysts forecast that Johnson Outdoors will post $1.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, October 11th. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.08. Johnson Outdoors’s dividend payout ratio is currently 19.05%.
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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