Johnson Outdoors (NASDAQ:JOUT) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• Johnson Outdoors received a "sell (D+)" rating from Weiss Ratings, while Zacks Research further downgraded it to a "strong sell" amidst a general consensus rating of "Sell" across analysts.
• The company's recent quarterly earnings report revealed an earnings per share of $0.75, exceeding analysts' expectations of $0.24, along with revenue of $180.66 million versus the anticipated $172.98 million.
• Institutional investors hold a significant share in Johnson Outdoors, with 64.05% of the stock owned by such investors and hedge funds, reflecting a level of sustained interest despite the mixed analyst ratings.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report)'s stock had its "sell (d+)" rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on JOUT. Wall Street Zen raised Johnson Outdoors from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Zacks Research lowered Johnson Outdoors from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".

Johnson Outdoors Stock Up 2.4%

NASDAQ JOUT opened at $43.01 on Wednesday. Johnson Outdoors has a fifty-two week low of $21.33 and a fifty-two week high of $43.37. The stock has a market cap of $446.10 million, a price-to-earnings ratio of -11.11, a price-to-earnings-growth ratio of 2.86 and a beta of 0.85. The business has a fifty day moving average of $40.10 and a 200-day moving average of $31.77.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.51. Johnson Outdoors had a negative return on equity of 8.80% and a negative net margin of 7.02%.The company had revenue of $180.66 million during the quarter, compared to analysts' expectations of $172.98 million. As a group, analysts anticipate that Johnson Outdoors will post -0.58 EPS for the current year.

Institutional Investors Weigh In On Johnson Outdoors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Johnson Outdoors by 3.7% during the second quarter. Rhumbline Advisers now owns 8,066 shares of the company's stock worth $244,000 after acquiring an additional 289 shares during the last quarter. CWM LLC increased its stake in Johnson Outdoors by 49.0% during the first quarter. CWM LLC now owns 1,575 shares of the company's stock worth $39,000 after acquiring an additional 518 shares during the last quarter. Sei Investments Co. increased its stake in Johnson Outdoors by 5.8% during the second quarter. Sei Investments Co. now owns 11,409 shares of the company's stock worth $345,000 after acquiring an additional 622 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Johnson Outdoors by 1,175.7% during the second quarter. PNC Financial Services Group Inc. now owns 893 shares of the company's stock worth $27,000 after acquiring an additional 823 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Johnson Outdoors by 2.2% during the second quarter. Ameriprise Financial Inc. now owns 56,022 shares of the company's stock worth $1,696,000 after acquiring an additional 1,190 shares during the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, 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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