Johnson Outdoors Inc. (NASDAQ:JOUT) – Imperial Capital increased their Q3 2019 earnings per share (EPS) estimates for shares of Johnson Outdoors in a report issued on Thursday, May 9th. Imperial Capital analyst G. Kelly now expects that the company will post earnings of $2.32 per share for the quarter, up from their previous estimate of $2.29. Imperial Capital has a “Outperform” rating and a $95.00 price target on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ FY2019 earnings at $4.76 EPS, Q1 2020 earnings at $0.59 EPS, Q2 2020 earnings at $2.12 EPS, Q3 2020 earnings at $2.25 EPS, Q4 2020 earnings at $0.14 EPS and FY2020 earnings at $5.11 EPS.
A number of other research firms have also recently issued reports on JOUT. ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. BidaskClub upgraded Johnson Outdoors from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Johnson Outdoors currently has a consensus rating of “Hold” and an average target price of $83.50.
Johnson Outdoors stock opened at $83.07 on Monday. Johnson Outdoors has a 12-month low of $54.66 and a 12-month high of $107.36. The stock has a market capitalization of $828.64 million, a price-to-earnings ratio of 17.71 and a beta of 1.08.
Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.32. Johnson Outdoors had a return on equity of 15.51% and a net margin of 8.13%. The business had revenue of $177.71 million during the quarter, compared to the consensus estimate of $171.80 million.
A number of institutional investors have recently added to or reduced their stakes in JOUT. Squarepoint Ops LLC lifted its position in Johnson Outdoors by 48.3% in the 4th quarter. Squarepoint Ops LLC now owns 8,128 shares of the company’s stock valued at $477,000 after purchasing an additional 2,648 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of Johnson Outdoors in the first quarter worth about $433,000. Geode Capital Management LLC boosted its stake in shares of Johnson Outdoors by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 117,476 shares of the company’s stock worth $6,900,000 after acquiring an additional 3,030 shares during the period. Alambic Investment Management L.P. boosted its stake in shares of Johnson Outdoors by 178.0% in the fourth quarter. Alambic Investment Management L.P. now owns 26,948 shares of the company’s stock worth $1,583,000 after acquiring an additional 17,253 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Johnson Outdoors by 54.4% in the fourth quarter. New York State Common Retirement Fund now owns 15,861 shares of the company’s stock worth $932,000 after acquiring an additional 5,590 shares during the period. Hedge funds and other institutional investors own 62.12% of the company’s stock.
In other Johnson Outdoors news, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $82.07, for a total value of $82,070.00. Following the transaction, the chief financial officer now owns 14,958 shares in the company, valued at $1,227,603.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 18.60% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, April 10th. Johnson Outdoors’s dividend payout ratio is presently 11.94%.
About Johnson Outdoors
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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