Imperial Capital Weighs in on Johnson Outdoors Inc.’s Q1 2018 Earnings (JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Stock analysts at Imperial Capital issued their Q1 2018 EPS estimates for Johnson Outdoors in a research report issued on Friday. Imperial Capital analyst G. Kelly anticipates that the company will post earnings of $0.03 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $70.00 price target on the stock. Imperial Capital also issued estimates for Johnson Outdoors’ Q2 2018 earnings at $1.48 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $3.41 EPS and FY2019 earnings at $3.63 EPS.

A number of other brokerages have also recently commented on JOUT. Forward View restated a “buy” rating and issued a $72.00 price target on shares of Johnson Outdoors in a research report on Sunday, September 3rd. ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $71.67.

Johnson Outdoors (NASDAQ:JOUT) traded down $0.14 on Monday, hitting $64.08. The stock had a trading volume of 34,600 shares, compared to its average volume of 43,389. Johnson Outdoors has a 12 month low of $31.25 and a 12 month high of $76.18. The firm has a market capitalization of $642.07, a P/E ratio of 20.92 and a beta of 0.67.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Johnson Outdoors by 14.0% during the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock worth $7,184,000 after purchasing an additional 24,147 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Johnson Outdoors by 5.9% during the second quarter. Northern Trust Corp now owns 77,877 shares of the company’s stock worth $3,754,000 after purchasing an additional 4,339 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Johnson Outdoors during the third quarter worth about $1,077,000. Convergence Investment Partners LLC bought a new stake in shares of Johnson Outdoors during the third quarter worth about $669,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Johnson Outdoors by 182.8% during the second quarter. Goldman Sachs Group Inc. now owns 18,323 shares of the company’s stock worth $883,000 after purchasing an additional 11,843 shares during the last quarter. Institutional investors own 61.31% 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 Wednesday, September 27th. The stock was sold at an average price of $67.02, for a total value of $67,020.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total value of $273,356.10. The disclosure for this sale can be found here. 28.42% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 11th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Wednesday, January 10th. Johnson Outdoors’s payout ratio is currently 11.43%.

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About Johnson Outdoors

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.

Earnings History and Estimates for Johnson Outdoors (NASDAQ:JOUT)

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