Johnson Outdoors Inc. (NASDAQ:JOUT – Free Report) – Stock analysts at Sidoti dropped their Q2 2027 earnings per share (EPS) estimates for shares of Johnson Outdoors in a research note issued on Monday, May 11th. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings per share of $1.06 for the quarter, down from their previous forecast of $1.26. The consensus estimate for Johnson Outdoors’ current full-year earnings is $1.00 per share. Sidoti also issued estimates for Johnson Outdoors’ Q3 2027 earnings at $1.52 EPS and FY2027 earnings at $2.35 EPS.
Several other research firms also recently issued reports on JOUT. Zacks Research downgraded Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen cut Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Johnson Outdoors in a report on Friday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.
Johnson Outdoors Price Performance
JOUT opened at $44.82 on Tuesday. The business’s 50-day moving average price is $48.57 and its two-hundred day moving average price is $45.50. Johnson Outdoors has a 1 year low of $25.53 and a 1 year high of $53.54. The company has a market capitalization of $466.58 million, a price-to-earnings ratio of -29.49, a P/E/G ratio of 3.67 and a beta of 0.89.
Johnson Outdoors (NASDAQ:JOUT – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. Johnson Outdoors had a positive return on equity of 2.50% and a negative net margin of 2.33%.The firm had revenue of $194.48 million for the quarter, compared to the consensus estimate of $185.09 million.
Hedge Funds Weigh In On Johnson Outdoors
A number of hedge funds and other institutional investors have recently bought and sold shares of JOUT. CANADA LIFE ASSURANCE Co grew its holdings in Johnson Outdoors by 57.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock worth $43,000 after purchasing an additional 373 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Johnson Outdoors by 260.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,122 shares of the company’s stock worth $48,000 after purchasing an additional 811 shares during the period. Highlander Partners L.P. bought a new position in Johnson Outdoors during the fourth quarter worth about $50,000. Kemnay Advisory Services Inc. bought a new position in Johnson Outdoors during the fourth quarter worth about $50,000. Finally, Raymond James Financial Inc. bought a new position in Johnson Outdoors during the second quarter worth about $52,000. Institutional investors own 64.05% of the company’s stock.
Insider Buying and Selling
In related news, Director Richard Casey Sheahan sold 7,580 shares of Johnson Outdoors stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.77, for a total transaction of $377,256.60. Following the completion of the transaction, the director owned 5,739 shares in the company, valued at approximately $285,630.03. This trade represents a 56.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 28.21% of the company’s stock.
Johnson Outdoors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, April 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -86.84%.
About Johnson Outdoors
Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.
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