#6 - Johnson Outdoors (NASDAQ:JOUT)
Johnson Outdoors (NASDAQ:JOUT) made its name with trolling motors and other electronics for fishing and boating. It has since branched out into a wider array of electronic devices, equipment, and gear for outdoor enthusiasts. These include but are not limited to tents, camp stoves, kayaks, canoes, and diving/snorkeling equipment.
While sales took a hit in the calendar 2nd quarter of the year they have rebounded strongly putting the company on track for YOY growth in 2020. In fact, company CEO Helen Johnson-Liepold says the biggest challenge has been keeping up with demand. We think it is a challenge the company can overcome and leverage to profits.
Johnson Outdoors also has value and a dividend to offer investors. The stock is trading about 17X this year’s earnings and 15X next year’s earnings which suggests upward bias in share prices. The dividend isn’t much in terms of yield but safe in every other way. The company is paying out less than 15% of earnings, has a fortress balance sheet, plenty of free cash flow, and a 15% dividend CAGR.
About Johnson Outdoors
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.
Read More - Current Price
- $34.27
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
