Johnson Outdoors (NASDAQ:JOUT) Stock Rating Lowered by Sidoti

Sidoti lowered shares of Johnson Outdoors (NASDAQ:JOUT) from a buy rating to a neutral rating in a research report report published on Monday, BenzingaRatingsTable reports. The firm currently has $80.00 price target on the stock, down from their previous price target of $102.00.

Several other analysts also recently commented on the stock. BidaskClub upgraded shares of Westport Fuel Systems from a hold rating to a buy rating in a report on Friday, July 12th. Imperial Capital increased their target price on shares of PARKER DRILLING/SH PAR $ from $20.00 to $25.00 and gave the company an outperform rating in a report on Thursday, May 9th. Zacks Investment Research downgraded shares of ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. Finally, ValuEngine upgraded shares of USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $89.33.

Shares of JOUT stock opened at $68.90 on Monday. The firm has a 50-day moving average price of $75.84. The stock has a market capitalization of $701.42 million, a P/E ratio of 15.83 and a beta of 0.97. Johnson Outdoors has a one year low of $54.66 and a one year high of $107.36.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, May 3rd. The company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.32. The company had revenue of $177.71 million during the quarter, compared to the consensus estimate of $171.80 million. Johnson Outdoors had a net margin of 8.13% and a return on equity of 15.51%. On average, analysts forecast that Johnson Outdoors will post 4.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, July 10th. This represents a $0.56 dividend on an annualized basis and a yield of 0.81%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 11.94%.

In related news, CFO David W. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $82.07, for a total transaction of $82,070.00. Following the completion of the sale, the chief financial officer now owns 14,958 shares in the company, valued at $1,227,603.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. THB Asset Management increased its holdings in Johnson Outdoors by 48.4% during the first quarter. THB Asset Management now owns 221,935 shares of the company’s stock worth $15,837,000 after buying an additional 72,423 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Johnson Outdoors by 48.3% during the fourth quarter. Squarepoint Ops LLC now owns 8,128 shares of the company’s stock worth $477,000 after buying an additional 2,648 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Johnson Outdoors during the first quarter worth about $433,000. Geode Capital Management LLC increased its holdings in Johnson Outdoors by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 117,476 shares of the company’s stock worth $6,900,000 after buying an additional 3,030 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Johnson Outdoors by 54.4% during the fourth quarter. New York State Common Retirement Fund now owns 15,861 shares of the company’s stock worth $932,000 after purchasing an additional 5,590 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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