Johnson Outdoors (NASDAQ:JOUT) Lowered to “Strong Sell” at ValuEngine

ValuEngine cut shares of Johnson Outdoors (NASDAQ:JOUT) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

A number of other equities analysts have also recently weighed in on JOUT. Zacks Investment Research raised shares of Johnson Outdoors from a hold rating to a strong-buy rating and set a $89.00 price target on the stock in a research note on Saturday, December 14th. Imperial Capital upped their price target on shares of Johnson Outdoors from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Wednesday, December 11th. Sidoti upped their price target on shares of Johnson Outdoors from $75.00 to $80.00 and gave the stock a neutral rating in a research note on Monday. Finally, BidaskClub cut shares of Johnson Outdoors from a buy rating to a hold rating in a research note on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Johnson Outdoors currently has an average rating of Hold and an average price target of $86.33.

Shares of Johnson Outdoors stock traded down $0.04 during trading on Wednesday, reaching $77.72. The company’s stock had a trading volume of 871 shares, compared to its average volume of 43,187. The company has a 50-day moving average price of $74.34 and a two-hundred day moving average price of $65.41. The firm has a market cap of $795.03 million, a PE ratio of 15.22 and a beta of 0.98. Johnson Outdoors has a fifty-two week low of $54.12 and a fifty-two week high of $91.90.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, December 6th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.60. The business had revenue of $104.02 million for the quarter, compared to analysts’ expectations of $93.92 million. Johnson Outdoors had a net margin of 9.14% and a return on equity of 16.75%. As a group, sell-side analysts anticipate that Johnson Outdoors will post 5.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.87%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 13.31%.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Johnson Outdoors by 26.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,985 shares of the company’s stock worth $1,457,000 after buying an additional 4,024 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Johnson Outdoors by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 32,111 shares of the company’s stock worth $2,395,000 after acquiring an additional 663 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Johnson Outdoors by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 45,901 shares of the company’s stock worth $3,423,000 after acquiring an additional 1,828 shares during the period. Northern Trust Corp lifted its holdings in shares of Johnson Outdoors by 6.3% during the 2nd quarter. Northern Trust Corp now owns 98,790 shares of the company’s stock worth $7,366,000 after acquiring an additional 5,859 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Johnson Outdoors by 4.6% during the 2nd quarter. BlackRock Inc. now owns 378,140 shares of the company’s stock worth $28,198,000 after acquiring an additional 16,779 shares during the period. 63.56% of the stock is currently owned by institutional investors and hedge funds.

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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