FY2027 EPS Estimate for Johnson Outdoors Reduced by Analyst

Johnson Outdoors Inc. (NASDAQ:JOUT) – Equities research analysts at Sidoti cut their FY2027 earnings estimates for shares of Johnson Outdoors in a research report issued to clients and investors on Monday, September 21st. Sidoti analyst A. Lebiedzinski now anticipates 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 $1.30 per share.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 7th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $0.68 by $0.74. Johnson Outdoors had a negative net margin of 1.21% and a positive return on equity of 4.26%. The firm had revenue of $189.73 million for the quarter, compared to the consensus estimate of $186.19 million.

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, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Johnson Outdoors Stock Performance

JOUT opened at $44.03 on Tuesday. The stock has a market capitalization of $461.43 million, a price-to-earnings ratio of -51.80, a PEG ratio of 2.47 and a beta of 0.81. The company has a fifty day moving average of $46.30 and a 200 day moving average of $46.44. Johnson Outdoors has a fifty-two week low of $35.65 and a fifty-two week high of $53.54.

Institutional Trading of Johnson Outdoors

Several hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL grew its holdings in shares of Johnson Outdoors by 2.3% in the first quarter. Gamco Investors INC. ET AL now owns 427,700 shares of the company’s stock valued at $19,892,000 after purchasing an additional 9,600 shares in the last quarter. Aristides Capital LLC raised its stake in Johnson Outdoors by 14.9% during the first quarter. Aristides Capital LLC now owns 129,832 shares of the company’s stock valued at $6,038,000 after purchasing an additional 16,828 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Johnson Outdoors by 19.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 119,451 shares of the company’s stock valued at $5,606,000 after purchasing an additional 19,769 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Johnson Outdoors by 16.3% during the first quarter. Bank of New York Mellon Corp now owns 70,571 shares of the company’s stock valued at $3,282,000 after purchasing an additional 9,894 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Johnson Outdoors by 51.4% in the 1st quarter. North Star Investment Management Corp. now owns 52,700 shares of the company’s stock worth $2,451,000 after buying an additional 17,899 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Johnson Outdoors news, Director Edward Stevens sold 6,250 shares of Johnson Outdoors stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $47.86, for a total value of $299,125.00. Following the sale, the director owned 10,640 shares of the company’s stock, valued at $509,230.40. The trade was a 37.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 28.21% of the stock is owned by corporate insiders.

About Johnson Outdoors

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.