Johnson Outdoors (NASDAQ:JOUT) issued its quarterly earnings results on Friday. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.63, Morningstar.com reports. Johnson Outdoors had a return on equity of 13.59% and a net margin of 7.17%. The business had revenue of $116.58 million for the quarter, compared to the consensus estimate of $97.22 million.

Shares of Johnson Outdoors (JOUT) traded up $13.46 during midday trading on Friday, reaching $74.48. The company’s stock had a trading volume of 132,314 shares, compared to its average volume of 30,957. Johnson Outdoors has a 1 year low of $31.25 and a 1 year high of $76.18. The stock has a market capitalization of $610.08, a P/E ratio of 21.28 and a beta of 0.56.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were paid a $0.10 dividend. The ex-dividend date was Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.43%.

A number of research analysts have recently weighed in on the company. BidaskClub downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Sidoti assumed coverage on Johnson Outdoors in a report on Friday, January 19th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Imperial Capital reiterated an “outperform” rating and set a $70.00 price target (up previously from $63.00) on shares of Johnson Outdoors in a report on Friday, December 15th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.67.

In other Johnson Outdoors news, Director Richard Case Sheahan sold 4,434 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David W. Johnson sold 1,000 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $62.31, for a total value of $62,310.00. The disclosure for this sale can be found here. Insiders own 18.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in Johnson Outdoors in the third quarter valued at about $206,000. Cypress Capital Management LLC WY bought a new stake in shares of Johnson Outdoors during the 3rd quarter worth about $254,000. Nordea Investment Management AB bought a new stake in shares of Johnson Outdoors during the 2nd quarter worth about $174,000. Citadel Advisors LLC bought a new stake in shares of Johnson Outdoors during the 3rd quarter worth about $317,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Johnson Outdoors during the 3rd quarter worth about $325,000. Hedge funds and other institutional investors own 61.15% of the company’s stock.

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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.

Earnings History for Johnson Outdoors (NASDAQ:JOUT)

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