Johnson Outdoors (NASDAQ:JOUT) announced its quarterly earnings results on Friday. The company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.44), Bloomberg Earnings reports. Johnson Outdoors had a net margin of 8.48% and a return on equity of 20.47%.
NASDAQ JOUT opened at $61.70 on Friday. Johnson Outdoors has a 1 year low of $54.66 and a 1 year high of $107.36. The company has a market capitalization of $700.59 million, a price-to-earnings ratio of 20.03 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Thursday, January 10th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, January 9th. Johnson Outdoors’s dividend payout ratio is presently 18.18%.
A number of analysts recently commented on JOUT shares. ValuEngine cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Two investment 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. Johnson Outdoors presently has a consensus rating of “Hold” and an average target price of $98.50.
A number of hedge funds and other institutional investors have recently bought and sold shares of JOUT. Wedge Capital Management L L P NC lifted its stake in Johnson Outdoors by 72.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 8,936 shares of the company’s stock worth $755,000 after purchasing an additional 3,761 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Johnson Outdoors by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 6,472 shares of the company’s stock worth $547,000 after buying an additional 987 shares during the last quarter. Sei Investments Co. bought a new position in shares of Johnson Outdoors in the 2nd quarter worth $522,000. EAM Investors LLC bought a new position in shares of Johnson Outdoors in the 2nd quarter worth $1,172,000. Finally, EAM Global Investors LLC bought a new position in shares of Johnson Outdoors in the 2nd quarter worth $1,479,000. Institutional investors and hedge funds own 61.66% of the company’s stock.
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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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