Johnson Outdoors (NASDAQ:JOUT) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Johnson Outdoors was downgraded to Hold by Wall Street Zen, following a similar downgrade from Zacks Research earlier in the week. MarketBeat data now shows an average analyst rating of Reduce.
• The company’s latest quarterly results were stronger than expected, with EPS of $0.89 beating estimates and revenue of $194.5 million topping forecasts. Sales rose 16% year over year, helped by growth across all segments.
• Despite the mixed sentiment from analysts, Johnson Outdoors showed improving fundamentals, including higher operating income, expanded gross margin, and a return to positive year-to-date net income.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Zacks Research lowered shares of Johnson Outdoors from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce".

Johnson Outdoors Trading Down 3.7%

Johnson Outdoors stock opened at $51.54 on Friday. The firm has a 50-day moving average of $48.69 and a 200-day moving average of $45.42. The firm has a market cap of $536.53 million, a P/E ratio of -23.53, a P/E/G ratio of 3.82 and a beta of 0.89. Johnson Outdoors has a 1-year low of $25.18 and a 1-year high of $53.54.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its earnings results on Friday, May 8th. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.02. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%. The company had revenue of $194.48 million during the quarter, compared to analyst estimates of $185.09 million. Research analysts forecast that Johnson Outdoors will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard Casey Sheahan sold 7,580 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.77, for a total transaction of $377,256.60. Following the transaction, the director directly owned 5,739 shares in the company, valued at approximately $285,630.03. This represents a 56.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 28.21% of the company's stock.

Institutional Investors Weigh In On Johnson Outdoors

Several large investors have recently added to or reduced their stakes in JOUT. AQR Capital Management LLC boosted its position in Johnson Outdoors by 127.5% in the 1st quarter. AQR Capital Management LLC now owns 33,515 shares of the company's stock valued at $833,000 after buying an additional 18,782 shares during the period. Empowered Funds LLC boosted its position in Johnson Outdoors by 7.6% in the 1st quarter. Empowered Funds LLC now owns 20,782 shares of the company's stock valued at $516,000 after buying an additional 1,468 shares during the period. Acadian Asset Management LLC boosted its position in Johnson Outdoors by 17.3% in the 1st quarter. Acadian Asset Management LLC now owns 15,106 shares of the company's stock valued at $374,000 after buying an additional 2,230 shares during the period. Geode Capital Management LLC boosted its position in Johnson Outdoors by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 135,841 shares of the company's stock valued at $4,113,000 after buying an additional 3,408 shares during the period. Finally, Rhumbline Advisers boosted its position in Johnson Outdoors by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 8,066 shares of the company's stock valued at $244,000 after buying an additional 289 shares during the period. 64.05% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Johnson Outdoors

Here are the key news stories impacting Johnson Outdoors this week:

• Positive Sentiment: Second-quarter net sales rose 16% to $194.5 million, with growth across all segments and an 18% increase in fishing revenue, helping drive the upbeat reaction. Johnson Outdoors Reports Fiscal Second Quarter Results
• Positive Sentiment: Adjusted results beat expectations, with EPS of $0.89 topping the consensus $0.87 and revenue exceeding estimates of $185.1 million. Johnson Outdoor (JOUT) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Operating income improved to $10.3 million from $4.9 million a year ago, while gross margin expanded to 38.8% from 35.0%, showing better efficiency and profitability. Johnson Outdoors Inc. Q2 2026 Earnings Call Transcript
• Positive Sentiment: Year-to-date results turned positive, with net income of $6.1 million versus a loss last year, and cash and short-term investments rose to $107.9 million, supporting financial flexibility. Johnson Outdoors Inc. Reports Strong Second Quarter Results with 16% Net Sales Growth

Johnson Outdoors Company Profile

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.

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