Equities research analysts forecast that Johnson Outdoors Inc. (NASDAQ:JOUT) will post $81.97 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Johnson Outdoors’ earnings, with estimates ranging from $77.90 million to $86.05 million. Johnson Outdoors reported sales of $74.94 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The business is scheduled to issue its next earnings results before the market opens on Friday, December 8th.
According to Zacks, analysts expect that Johnson Outdoors will report full year sales of $81.97 million for the current year, with estimates ranging from $476.70 million to $484.86 million. For the next year, analysts forecast that the company will post sales of $501.12 million per share, with estimates ranging from $500.75 million to $501.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Johnson Outdoors.
A number of equities analysts have weighed in on JOUT shares. BidaskClub lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Imperial Capital boosted their target price on Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Forward View upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 price target for the company in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.00.
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Several large investors have recently made changes to their positions in JOUT. American International Group Inc. grew its stake in shares of Johnson Outdoors by 7.2% during the 1st quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after acquiring an additional 202 shares during the period. Smith Asset Management Group LP bought a new position in shares of Johnson Outdoors during the 2nd quarter valued at approximately $149,000. ClariVest Asset Management LLC bought a new position in shares of Johnson Outdoors during the 2nd quarter valued at approximately $174,000. Nordea Investment Management AB bought a new position in shares of Johnson Outdoors during the 2nd quarter valued at approximately $174,000. Finally, UBS Group AG grew its stake in shares of Johnson Outdoors by 416.1% during the 1st quarter. UBS Group AG now owns 5,445 shares of the company’s stock valued at $199,000 after acquiring an additional 4,390 shares during the period. Institutional investors own 59.55% of the company’s stock.
Shares of Johnson Outdoors (NASDAQ JOUT) traded up $1.88 during trading hours on Friday, reaching $73.79. The company’s stock had a trading volume of 50,055 shares, compared to its average volume of 42,395. Johnson Outdoors has a fifty-two week low of $31.25 and a fifty-two week high of $76.18. The stock has a market cap of $705.65, a price-to-earnings ratio of 25.21 and a beta of 0.69.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a dividend of $0.10 per share. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 12th. Johnson Outdoors’s payout ratio is currently 12.38%.
Johnson Outdoors Company Profile
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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