Johnson Outdoors (JOUT) Downgraded by ValuEngine to “Sell”

Johnson Outdoors (NASDAQ:JOUT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other research analysts also recently issued reports about the company. Sidoti upgraded Johnson Outdoors from a “neutral” rating to a “buy” rating in a report on Tuesday, August 7th. BidaskClub downgraded Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research downgraded Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, Imperial Capital raised their price objective on Johnson Outdoors from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.50.

JOUT opened at $73.39 on Wednesday. The firm has a market cap of $748.31 million, a price-to-earnings ratio of 23.83 and a beta of 0.90. Johnson Outdoors has a 52 week low of $59.13 and a 52 week high of $107.36.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Tuesday, August 7th. The company reported $2.37 EPS for the quarter, topping the consensus estimate of $1.96 by $0.41. The company had revenue of $170.78 million for the quarter, compared to the consensus estimate of $160.86 million. Johnson Outdoors had a return on equity of 20.47% and a net margin of 8.48%. As a group, equities analysts predict that Johnson Outdoors will post 5.15 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cypress Capital Management LLC WY increased its holdings in Johnson Outdoors by 20.5% during the 3rd quarter. Cypress Capital Management LLC WY now owns 4,170 shares of the company’s stock worth $388,000 after purchasing an additional 710 shares during the period. Macquarie Group Ltd. increased its holdings in Johnson Outdoors by 13.5% during the 2nd quarter. Macquarie Group Ltd. now owns 6,022 shares of the company’s stock worth $509,000 after purchasing an additional 716 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Johnson Outdoors by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,526 shares of the company’s stock valued at $2,243,000 after acquiring an additional 774 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of Johnson Outdoors by 4.2% in the 3rd quarter. Essex Investment Management Co. LLC now owns 19,389 shares of the company’s stock valued at $1,803,000 after acquiring an additional 783 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Johnson Outdoors by 1.0% in the 1st quarter. Northern Trust Corp now owns 79,743 shares of the company’s stock valued at $4,943,000 after acquiring an additional 814 shares during the period. Institutional investors own 63.19% of the company’s stock.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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