Johnson Outdoors Inc. (NASDAQ:JOUT – Free Report) – Stock analysts at Sidoti decreased their FY2027 earnings per share estimates for shares of Johnson Outdoors in a research note issued to investors on Monday, September 21st. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings per share of $1.41 for the year, down from their prior forecast of $1.58. The consensus estimate for Johnson Outdoors’ current full-year earnings is $1.45 per share.
Separately, Weiss Ratings upgraded shares of Johnson Outdoors from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Johnson Outdoors Stock Performance
Shares of NASDAQ JOUT opened at $43.88 on Tuesday. Johnson Outdoors has a 1 year low of $35.65 and a 1 year high of $53.54. The firm has a market cap of $459.86 million, a price-to-earnings ratio of -51.62, a PEG ratio of 2.19 and a beta of 0.81. The stock’s 50-day simple moving average is $46.33 and its 200-day simple moving average is $46.48.
Johnson Outdoors (NASDAQ:JOUT – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.68 by $0.74. The company had revenue of $189.73 million for the quarter, compared to analyst estimates of $186.19 million. Johnson Outdoors had a positive return on equity of 4.26% and a negative net margin of 1.21%.
Insider Buying and Selling at Johnson Outdoors
In other news, Director Edward Stevens sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $47.86, for a total transaction of $299,125.00. Following the completion of the transaction, the director directly owned 10,640 shares in the company, valued at approximately $509,230.40. The trade was a 37.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 28.21% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Johnson Outdoors
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in Johnson Outdoors by 120.4% in the 1st quarter. Sei Investments Co. now owns 50,559 shares of the company’s stock worth $2,352,000 after acquiring an additional 27,621 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Johnson Outdoors during the 2nd quarter worth about $1,077,000. Allspring Global Investments Holdings LLC grew its stake in Johnson Outdoors by 19.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 119,451 shares of the company’s stock valued at $5,606,000 after acquiring an additional 19,769 shares in the last quarter. Illumine Investment Management LLC purchased a new position in Johnson Outdoors during the 1st quarter valued at about $955,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Johnson Outdoors by 235.4% in the 1st quarter. Ritholtz Wealth Management now owns 17,380 shares of the company’s stock valued at $808,000 after purchasing an additional 12,198 shares during the period. 64.05% of the stock is owned by institutional investors.
Johnson Outdoors Company Profile
Johnson Outdoors Inc is an outdoor recreation company that designs, manufactures and markets equipment for fishing, watercraft, diving, camping and other outdoor activities. Its products are sold through retailers, dealers and distributors in the United States and international markets.
The company’s fishing portfolio includes Minn Kota electric trolling motors, Humminbird marine electronics and Cannon downriggers. Its watercraft brands include Old Town kayaks and canoes, Ocean Kayak products and Carlisle paddles, while its camping business includes Eureka! tents and outdoor equipment and Jetboil cooking systems.
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