Johnson Outdoors Inc. (NASDAQ:JOUT) – Stock analysts at Imperial Capital lowered their FY2018 earnings per share (EPS) estimates for Johnson Outdoors in a research note issued to investors on Wednesday. Imperial Capital analyst G. Kelly now anticipates that the company will post earnings of $3.19 per share for the year, down from their prior estimate of $3.41. Imperial Capital currently has a “Outperform” rating and a $75.00 price target 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 reports. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Tuesday, December 19th. Sidoti initiated coverage on shares of Johnson Outdoors in a report on Friday, January 19th. They set a “neutral” rating on the stock. Finally, BidaskClub downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $73.33.
Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, December 8th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $91.76 million for the quarter, compared to the consensus estimate of $81.97 million. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its holdings in shares of Johnson Outdoors by 1.5% in the second quarter. TIAA CREF Investment Management LLC now owns 13,269 shares of the company’s stock valued at $640,000 after purchasing an additional 195 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Johnson Outdoors by 11.4% in the second quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after purchasing an additional 488 shares during the last quarter. Tredje AP fonden raised its holdings in shares of Johnson Outdoors by 0.8% in the third quarter. Tredje AP fonden now owns 110,265 shares of the company’s stock valued at $4,470,000 after purchasing an additional 827 shares during the last quarter. Strs Ohio raised its holdings in shares of Johnson Outdoors by 9.8% in the fourth quarter. Strs Ohio now owns 11,200 shares of the company’s stock valued at $695,000 after purchasing an additional 1,000 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Johnson Outdoors by 1.1% in the second quarter. State Street Corp now owns 107,318 shares of the company’s stock valued at $5,176,000 after purchasing an additional 1,163 shares during the last quarter. Institutional investors own 61.66% of the company’s stock.
In other news, VP David W. Johnson sold 1,000 shares of Johnson Outdoors 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors 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.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 10th. This represents a $0.40 annualized dividend and a yield of 0.61%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 12.82%.
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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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