Sidoti Csr Brokers Decrease Earnings Estimates for Johnson Outdoors Inc. (NASDAQ:JOUT)

Johnson Outdoors Inc. (NASDAQ:JOUT) – Sidoti Csr cut their Q3 2024 EPS estimates for Johnson Outdoors in a research note issued to investors on Monday, May 6th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.57 for the quarter, down from their prior forecast of $0.70. The consensus estimate for Johnson Outdoors’ current full-year earnings is $1.72 per share. Sidoti Csr also issued estimates for Johnson Outdoors’ Q1 2025 earnings at $0.32 EPS.

Johnson Outdoors Stock Performance

Shares of JOUT stock opened at $38.01 on Wednesday. The firm has a market cap of $390.89 million, a P/E ratio of 80.87, a P/E/G ratio of 1.57 and a beta of 0.75. The firm’s 50 day moving average price is $43.15 and its 200-day moving average price is $46.95. Johnson Outdoors has a one year low of $37.21 and a one year high of $63.53.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Wednesday, April 10th. Johnson Outdoors’s dividend payout ratio (DPR) is 280.85%.

Institutional Investors Weigh In On Johnson Outdoors

A number of institutional investors have recently modified their holdings of JOUT. Bank of New York Mellon Corp grew its position in Johnson Outdoors by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 76,188 shares of the company’s stock valued at $4,167,000 after acquiring an additional 2,055 shares in the last quarter. Strs Ohio purchased a new stake in shares of Johnson Outdoors during the third quarter worth $114,000. Skylands Capital LLC raised its stake in shares of Johnson Outdoors by 86.6% in the third quarter. Skylands Capital LLC now owns 68,658 shares of the company’s stock valued at $3,755,000 after acquiring an additional 31,858 shares in the last quarter. Cambiar Investors LLC boosted its holdings in Johnson Outdoors by 42.9% in the third quarter. Cambiar Investors LLC now owns 42,672 shares of the company’s stock valued at $2,334,000 after purchasing an additional 12,805 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in Johnson Outdoors by 37.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 11,600 shares of the company’s stock worth $634,000 after purchasing an additional 3,135 shares in the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.