Johnson Outdoors (NASDAQ:JOUT) Posts Earnings Results, Beats Expectations By $0.02 EPS

Johnson Outdoors (NASDAQ:JOUT) posted its quarterly earnings data on Friday. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02, Zacks reports. The company had revenue of $194.48 million for the quarter, compared to analyst estimates of $185.09 million. Johnson Outdoors had a negative net margin of 3.56% and a positive return on equity of 0.83%.

Here are the key takeaways from Johnson Outdoors’ conference call:

• Johnson Outdoors reported strong top-line growth with 15.5% revenue growth in Q2 and 21.5% year-to-date, with all business segments contributing to the improvement.
• Profitability improved meaningfully — Q2 gross margin rose to 38.8% (up 3.8 points) and operating income recovered due to higher volumes, overhead absorption, and ongoing cost‑savings programs, while the company remains debt-free and continues paying a meaningful dividend.
• The fishing segment showed particularly strong momentum driven by unit volume growth, pricing and product innovation (notably Humminbird’s XPLORE series and MEGA Live 2, plus Minn Kota trolling motors), which management views as a key growth driver.
• Management flagged near‑term pressures — operating expenses rose about $11.2M (volume-related costs and higher variable compensation), component/input cost volatility could pressure margins, inventory was modestly increased, and tax expense may vary due to valuation allowance effects.

Johnson Outdoors Stock Performance

Shares of JOUT stock traded down $1.96 during mid-day trading on Friday, reaching $51.54. 95,688 shares of the company were exchanged, compared to its average volume of 70,762. Johnson Outdoors has a fifty-two week low of $25.18 and a fifty-two week high of $53.54. The company has a market capitalization of $536.53 million, a P/E ratio of -23.53, a P/E/G ratio of 3.78 and a beta of 0.89. The business’s 50 day simple moving average is $48.69 and its 200 day simple moving average is $45.42.

Johnson Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. Johnson Outdoors’s dividend payout ratio (DPR) is presently -60.27%.

Insider Buying and Selling at Johnson Outdoors

In other news, Director Richard Casey Sheahan sold 7,580 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $49.77, for a total transaction of $377,256.60. Following the completion of the sale, the director owned 5,739 shares of the company’s stock, valued at approximately $285,630.03. This trade represents a 56.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 28.21% of the company’s stock.

Institutional Trading of Johnson Outdoors

A number of hedge funds have recently made changes to their positions in JOUT. Rhumbline Advisers boosted its holdings in Johnson Outdoors by 3.7% in the second quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock worth $244,000 after purchasing an additional 289 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Johnson Outdoors by 57.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,018 shares of the company’s stock worth $43,000 after buying an additional 373 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Johnson Outdoors by 21.1% in the 4th quarter. Deutsche Bank AG now owns 3,091 shares of the company’s stock worth $131,000 after buying an additional 538 shares during the last quarter. Sei Investments Co. lifted its position in shares of Johnson Outdoors by 5.8% in the 2nd quarter. Sei Investments Co. now owns 11,409 shares of the company’s stock worth $345,000 after buying an additional 622 shares during the last quarter. Finally, Mariner LLC lifted its position in shares of Johnson Outdoors by 12.8% in the 4th quarter. Mariner LLC now owns 5,901 shares of the company’s stock worth $252,000 after buying an additional 669 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JOUT shares. Wall Street Zen lowered shares of Johnson Outdoors from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Zacks Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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.