Johnson Outdoors Inc. (NASDAQ:JOUT) – Equities researchers at Imperial Capital dropped their FY2018 earnings per share (EPS) estimates for Johnson Outdoors in a research report issued to clients and investors on Wednesday. Imperial Capital analyst G. Kelly now forecasts that the company will post earnings per share of $3.19 for the year, down from their previous forecast of $3.41. Imperial Capital currently has a “Outperform” rating and a $75.00 target price on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ Q4 2018 earnings at ($0.11) EPS and FY2019 earnings at $4.04 EPS.
JOUT has been the topic of several other research reports. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, December 19th. Sidoti initiated coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $73.33.
Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, December 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The business had revenue of $91.76 million for the quarter, compared to analyst estimates of $81.97 million. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%. Johnson Outdoors’s dividend payout ratio is currently 12.66%.
In other Johnson Outdoors news, VP David W. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $62.31, for a total value of $62,310.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Case Sheahan sold 4,434 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total transaction of $273,356.10. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of JOUT. Assenagon Asset Management S.A. acquired a new stake in Johnson Outdoors in the fourth quarter valued at approximately $3,042,000. Vanguard Group Inc. boosted its position in Johnson Outdoors by 10.3% in the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock valued at $10,464,000 after buying an additional 20,232 shares in the last quarter. Alambic Investment Management L.P. boosted its position in Johnson Outdoors by 49.1% in the fourth quarter. Alambic Investment Management L.P. now owns 48,565 shares of the company’s stock valued at $3,015,000 after buying an additional 15,983 shares in the last quarter. Chicago Equity Partners LLC boosted its position in Johnson Outdoors by 31.9% in the third quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock valued at $4,531,000 after buying an additional 14,960 shares in the last quarter. Finally, First Quadrant L P CA acquired a new stake in Johnson Outdoors in the third quarter valued at approximately $1,077,000. Hedge funds and other institutional investors own 61.66% of the company’s stock.
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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