Key Points
- Insider sale: Director Richard Casey Sheahan sold 7,580 shares at an average price of $49.77 on Feb. 23 for $377,256.60, reducing his stake by 56.91% to 5,739 shares (about $285,630).
- Earnings beat but still unprofitable: Johnson Outdoors reported Q EPS of -$0.33 versus -$0.45 expected and revenue of $140.94M versus $123.95M, yet the company has a negative net margin and analysts' ratings remain mixed (consensus: "Moderate Buy").
- Dividend despite losses: The firm pays a quarterly dividend of $0.33 (annualized $1.32, ~2.6% yield) even though its payout ratio is negative (~-60%), which may raise questions about sustainability.
Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) Director Richard Casey Sheahan sold 7,580 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.77, for a total transaction of $377,256.60. Following the completion of the transaction, the director owned 5,739 shares in the company, valued at approximately $285,630.03. The trade was a 56.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Johnson Outdoors Stock Up 1.4%
Shares of NASDAQ:JOUT opened at $50.50 on Wednesday. The company has a market cap of $525.71 million, a PE ratio of -23.06, a P/E/G ratio of 3.09 and a beta of 0.91. Johnson Outdoors Inc. has a fifty-two week low of $21.33 and a fifty-two week high of $51.55. The firm has a 50-day simple moving average of $46.05 and a 200 day simple moving average of $42.60.
Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its earnings results on Friday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.45) by $0.12. The firm had revenue of $140.94 million for the quarter, compared to analysts' expectations of $123.95 million. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%. As a group, research analysts forecast that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.
Johnson Outdoors Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 22nd. Investors of record on Thursday, January 8th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, January 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. Johnson Outdoors's payout ratio is currently -60.27%.
Institutional Investors Weigh In On Johnson Outdoors
Institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its position in Johnson Outdoors by 22.9% in the 4th quarter. Empowered Funds LLC now owns 41,198 shares of the company's stock valued at $1,749,000 after buying an additional 7,668 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Johnson Outdoors by 92.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 68,157 shares of the company's stock worth $2,893,000 after acquiring an additional 32,668 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Johnson Outdoors by 74.4% in the fourth quarter. AQR Capital Management LLC now owns 100,125 shares of the company's stock valued at $4,250,000 after acquiring an additional 42,715 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of Johnson Outdoors by 6.4% in the fourth quarter. Trexquant Investment LP now owns 21,520 shares of the company's stock valued at $914,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Johnson Outdoors by 23.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,769 shares of the company's stock valued at $330,000 after acquiring an additional 1,480 shares during the period. Institutional investors and hedge funds own 64.05% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Wall Street Zen cut Johnson Outdoors from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 15th. Weiss Ratings reissued a "sell (d)" rating on shares of Johnson Outdoors in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Johnson Outdoors from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".
View Our Latest Research Report on JOUT
Johnson Outdoors Company Profile
(
Get Free Report)
Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
