FY2024 EPS Estimate for Johnson Outdoors Reduced by Analyst

Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) - Sidoti Csr decreased their FY2024 earnings per share estimates for shares of Johnson Outdoors in a report released on Monday, December 2nd. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn ($0.35) per share for the year, down from their previous estimate of ($0.23). The consensus estimate for Johnson Outdoors' current full-year earnings is ($0.23) per share.

Separately, StockNews.com upgraded Johnson Outdoors from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th.

Johnson Outdoors Trading Up 1.6 %

NASDAQ:JOUT traded up $0.53 during mid-day trading on Wednesday, hitting $33.74. 28,020 shares of the company's stock traded hands, compared to its average volume of 49,085. The firm has a 50 day moving average of $33.73 and a two-hundred day moving average of $35.34. Johnson Outdoors has a 12 month low of $31.60 and a 12 month high of $55.30. The firm has a market capitalization of $347.52 million, a price-to-earnings ratio of -41.00, a price-to-earnings-growth ratio of 1.66 and a beta of 0.71.

Hedge Funds Weigh In On Johnson Outdoors

Several large investors have recently added to or reduced their stakes in JOUT. nVerses Capital LLC raised its holdings in Johnson Outdoors by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 800 shares of the company's stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. FMR LLC raised its holdings in Johnson Outdoors by 94.0% in the 3rd quarter. FMR LLC now owns 1,335 shares of the company's stock valued at $48,000 after acquiring an additional 647 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Johnson Outdoors by 143.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company's stock valued at $180,000 after acquiring an additional 2,922 shares in the last quarter. XTX Topco Ltd acquired a new position in Johnson Outdoors in the 2nd quarter valued at approximately $238,000. Finally, Barclays PLC raised its holdings in Johnson Outdoors by 182.9% in the 3rd quarter. Barclays PLC now owns 6,575 shares of the company's stock valued at $238,000 after acquiring an additional 4,251 shares in the last quarter. Institutional investors and hedge funds own 64.05% of the company's stock.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.32 annualized dividend and a yield of 3.91%. Johnson Outdoors's dividend payout ratio (DPR) is -162.96%.

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.