Johnson Outdoors Inc. (JOUT) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Johnson Outdoors Inc. (NASDAQ:JOUT) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Johnson Outdoors Inc. is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors’ familiar brands include, among others: Old Town canoes and kayaks; Ocean Kayak and Necky kayaks; Lendal paddles; Escape electric boats; Minn Kota motors; Cannon downriggers; Humminbird, Bottom Line and Fishin’ Buddy fishfinders; Scubapro and UWATEC dive equipment; Silva compasses and digital instruments; and Eureka! tents. “

Several other brokerages also recently issued reports on JOUT. BidaskClub downgraded Johnson Outdoors from a buy rating to a hold rating in a report on Tuesday, July 25th. ValuEngine upgraded Johnson Outdoors from a hold rating to a buy rating in a report on Friday, September 1st. Forward View upgraded Johnson Outdoors from a hold rating to a buy rating in a report on Friday, August 4th. Finally, Imperial Capital increased their price target on Johnson Outdoors from $49.00 to $63.00 and gave the stock an outperform rating in a report on Monday, August 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Johnson Outdoors currently has an average rating of Buy and a consensus target price of $67.00.

Shares of Johnson Outdoors (JOUT) opened at 72.75 on Tuesday. The firm has a market capitalization of $715.28 million, a price-to-earnings ratio of 22.47 and a beta of 0.76. Johnson Outdoors has a one year low of $31.25 and a one year high of $76.18. The stock’s 50 day moving average price is $66.73 and its 200 day moving average price is $50.65.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The company had revenue of $155.27 million during the quarter, compared to the consensus estimate of $149.29 million. Analysts expect that Johnson Outdoors will post $3.49 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Johnson Outdoors Inc. (JOUT) Downgraded by Zacks Investment Research to “Hold”” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/11/johnson-outdoors-inc-jout-downgraded-by-zacks-investment-research-to-hold.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 12th. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 11.15%.

In related news, Director Thomas F. Pyle, Jr. sold 1,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $63.16, for a total transaction of $63,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Terry E. London sold 1,127 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,077 shares of company stock valued at $322,834. 28.42% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Johnson Outdoors by 14.0% during the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock worth $7,184,000 after buying an additional 24,147 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Johnson Outdoors by 2.9% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,593 shares of the company’s stock worth $460,000 after buying an additional 360 shares in the last quarter. UBS Group AG grew its holdings in shares of Johnson Outdoors by 416.1% during the first quarter. UBS Group AG now owns 5,445 shares of the company’s stock worth $199,000 after buying an additional 4,390 shares in the last quarter. Oxford Asset Management bought a new position in shares of Johnson Outdoors during the first quarter worth about $281,000. Finally, LSV Asset Management grew its holdings in shares of Johnson Outdoors by 7.7% during the second quarter. LSV Asset Management now owns 262,083 shares of the company’s stock worth $12,635,000 after buying an additional 18,788 shares in the last quarter. Institutional investors and hedge funds own 59.48%

According to Zacks, “Johnson Outdoors Inc. is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors’ familiar brands include, among others: Old Town canoes and kayaks; Ocean Kayak and Necky kayaks; Lendal paddles; Escape electric boats; Minn Kota motors; Cannon downriggers; Humminbird, Bottom Line and Fishin’ Buddy fishfinders; Scubapro and UWATEC dive equipment; Silva compasses and digital instruments; and Eureka! tents. “

Several other brokerages also recently issued reports on JOUT. BidaskClub downgraded Johnson Outdoors from a buy rating to a hold rating in a report on Tuesday, July 25th. ValuEngine upgraded Johnson Outdoors from a hold rating to a buy rating in a report on Friday, September 1st. Forward View upgraded Johnson Outdoors from a hold rating to a buy rating in a report on Friday, August 4th. Finally, Imperial Capital increased their price target on Johnson Outdoors from $49.00 to $63.00 and gave the stock an outperform rating in a report on Monday, August 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Johnson Outdoors currently has an average rating of Buy and a consensus target price of $67.00.

Shares of Johnson Outdoors (JOUT) opened at 72.75 on Tuesday. The firm has a market capitalization of $715.28 million, a price-to-earnings ratio of 22.47 and a beta of 0.76. Johnson Outdoors has a one year low of $31.25 and a one year high of $76.18. The stock’s 50 day moving average price is $66.73 and its 200 day moving average price is $50.65.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The company had revenue of $155.27 million during the quarter, compared to the consensus estimate of $149.29 million. Analysts expect that Johnson Outdoors will post $3.49 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Johnson Outdoors Inc. (JOUT) Downgraded by Zacks Investment Research to “Hold”” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/11/johnson-outdoors-inc-jout-downgraded-by-zacks-investment-research-to-hold.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 12th. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 11.15%.

In related news, Director Thomas F. Pyle, Jr. sold 1,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $63.16, for a total transaction of $63,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Terry E. London sold 1,127 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,077 shares of company stock valued at $322,834. 28.42% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Johnson Outdoors by 14.0% during the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock worth $7,184,000 after buying an additional 24,147 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Johnson Outdoors by 2.9% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,593 shares of the company’s stock worth $460,000 after buying an additional 360 shares in the last quarter. UBS Group AG grew its holdings in shares of Johnson Outdoors by 416.1% during the first quarter. UBS Group AG now owns 5,445 shares of the company’s stock worth $199,000 after buying an additional 4,390 shares in the last quarter. Oxford Asset Management bought a new position in shares of Johnson Outdoors during the first quarter worth about $281,000. Finally, LSV Asset Management grew its holdings in shares of Johnson Outdoors by 7.7% during the second quarter. LSV Asset Management now owns 262,083 shares of the company’s stock worth $12,635,000 after buying an additional 18,788 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

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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