Johnson Outdoors (NASDAQ:JOUT) posted its quarterly earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.05, reports. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%.
Shares of Johnson Outdoors (NASDAQ:JOUT) traded up $2.65 during trading on Friday, reaching $72.81. 100,500 shares of the company’s stock were exchanged, compared to its average volume of 41,881. Johnson Outdoors has a 1 year low of $31.25 and a 1 year high of $76.18. The firm has a market capitalization of $701.25, a price-to-earnings ratio of 25.06 and a beta of 0.67.
JOUT has been the topic of a number of research analyst reports. Forward View restated a “buy” rating and issued a $72.00 target price on shares of Johnson Outdoors in a research report on Sunday, September 3rd. ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.00.
In other news, Director Thomas F. Pyle, Jr. sold 1,000 shares of Johnson Outdoors stock in a transaction on Monday, September 11th. The shares were sold at an average price of $63.16, for a total transaction of $63,160.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 3,950 shares of company stock worth $255,429 in the last 90 days. Company insiders own 28.03% of the company’s stock.
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About Johnson Outdoors
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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