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Johnson Outdoors Inc. (JOUT)
NASDAQ:JOUT
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Johnson Outdoors
(NASDAQ:JOUT)
Rating:62Neutral
Price Target:
$35.00
▲(6.29%Upside)
Johnson Outdoors (JOUT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$336.67M
Dividend Yield4.01%
Average Volume (3M)70.23K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth-7.28%
EPS Growth-924.86%
CountryUS
Employees1,200
SectorConsumer Cyclical
Sector Strength64
IndustryLeisure
Share Statistics
EPS (TTM)0.22
Shares Outstanding9,125,764
10 Day Avg. Volume68,121
30 Day Avg. Volume70,227
Financial Highlights & Ratios
PEG Ratio-13.01
Price to Book (P/B)0.72
Price to Sales (P/S)0.00
P/FCF Ratio4.27
Enterprise Value/Market Cap0.65
Enterprise Value/Revenue0.10
Enterprise Value/Gross Profit1.23
Enterprise Value/Ebitda-2.87
Forecast
1Y Price Target
$32.00Price Target Upside-2.82% Downside
Rating ConsensusHold
Number of Analyst Covering0
Johnson Outdoors Business Overview & Revenue Model
Company DescriptionJohnson Outdoors Inc. (JOUT) is a leading global manufacturer and marketer of branded outdoor recreation products. The company operates in several sectors including marine electronics, outdoor equipment, watercraft, and diving. Its core products span across a range of outdoor activities, offering innovative solutions and enhancing experiences for outdoor enthusiasts. Key brands under Johnson Outdoors include Minn Kota, Humminbird, Old Town, and SCUBAPRO, which are well-recognized in their respective niches.
How the Company Makes MoneyJohnson Outdoors generates revenue through the sale of its diverse range of outdoor recreation products. The company primarily earns money by designing, manufacturing, and marketing products in four main segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment, which includes fish finders, trolling motors, and accessories under the Minn Kota and Humminbird brands, represents a significant portion of its revenue. The Camping segment involves tents, sleeping bags, and other camping gear, while Watercraft Recreation includes kayaks and canoes under the Old Town brand. The Diving segment markets and sells diving equipment through the SCUBAPRO brand. Additionally, strategic partnerships and distribution agreements with retailers and online platforms help broaden their market reach, thus contributing to their overall earnings.
Johnson Outdoors Earnings Call Summary
Earnings Call Date:May 02, 2025
(Q2-2025)
| % Change Since: 40.25%|
Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong product launches and effective inventory management, but these positives were tempered by challenges in the market environment, tariff impacts, and difficulties in the diving segment.Q2-2025 Updates
Positive Updates
Successful New Product Launches in Fishing and Camping
Johnson Outdoors launched new technology in the fishing business, including the Humminbird MEGA Live 2 and Xplore products, which exceeded demand expectations. In camping, the Jetboil brand launched improved Fast Boil Systems that were well-received by retailers and consumers.
Inventory and Cost Management
The company reduced inventory by $69 million compared to last year's second quarter and has implemented a cost savings program contributing 1-2 points to gross margin.
Debt-Free Balance Sheet
Johnson Outdoors maintains a debt-free balance sheet and a solid cash position, providing a competitive advantage in uncertain times.
Negative Updates
Challenging Market Environment
The company continues to face a tough retail environment with cautious consumer sentiment and retailer hesitation, negatively impacting sales.
Tariff Exposure and Challenges
Despite U.S.-based manufacturing, the company is impacted by tariffs due to imported components from China. The company is exploring strategies to mitigate this impact.
Diving Business Challenges
The diving business is facing challenges due to global economic uncertainties affecting consumer travel, prompting efforts to drive operational efficiencies.
Company Guidance
During the Johnson Outdoors Second Quarter 2025 Earnings Call, CEO Helen Johnson-Leipold highlighted several positive developments amid challenging market conditions. The company reported a gross margin of 35%, slightly up from the previous year, with operating expenses decreasing by $7.7 million. New product launches in their Fishing and Camping divisions, such as the Humminbird MEGA Live 2 and Xplore, and Jetboil's Fast Boil Systems, are exceeding demand expectations. Inventory levels also showed improvement, with a balance of $180 million, down $69 million from the previous year. Despite the challenges posed by new tariffs and global economic uncertainties, Johnson Outdoors is focusing on innovation, operational efficiencies, and e-commerce to drive future growth. The company remains debt-free with a strong cash position, which it views as a competitive advantage in the current environment.Johnson Outdoors Financial Statement Overview
Summary
Johnson Outdoors faces significant revenue and profitability challenges, with negative growth and margins. Despite a strong balance sheet with no debt and solid equity, cash flow improvements are overshadowed by operational difficulties, indicating a mixed financial outlook.Income Statement
Johnson Outdoors has experienced a notable decline in revenue from previous years, with a negative revenue growth rate in the TTM. Gross profit margin is moderate at approximately 32.6% for TTM, but the company is suffering from negative EBIT and net profit margins, indicating operational challenges and profitability issues. The trend of declining revenue and negative profitability metrics is concerning.45
Neutral
Balance Sheet
The company maintains a solid balance sheet with no current total debt and a strong equity position, resulting in a favorable debt-to-equity ratio of zero in the TTM. The equity ratio is robust at about 71.8%, indicating a stable financial structure. However, decreasing stockholder equity and total assets over time could be a potential risk.70
Positive
Cash Flow
Free cash flow has improved significantly in the TTM, showing growth from previous periods. The operating cash flow to net income ratio is favorable, indicating strong cash generation relative to net losses. However, fluctuations in cash flow and a history of negative free cash flow in recent years suggest potential volatility.60
Neutral
| Breakdown | Sep 2024 | Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 592.85M | 663.84M | 743.36M | 751.65M | 594.21M |
| Gross Profit | 200.98M | 244.09M | 271.33M | 334.13M | 264.99M |
| EBITDA | -10.10M | 42.27M | 73.12M | 126.47M | 88.77M |
| Net Income | -26.53M | 19.53M | 44.49M | 83.38M | 55.23M |
Balance Sheet | |||||
| Total Assets | 635.21M | 681.61M | 679.93M | 674.29M | 546.03M |
| Cash, Cash Equivalents and Short-Term Investments | 162.04M | 138.62M | 129.80M | 240.45M | 212.44M |
| Total Debt | 49.33M | 52.34M | 57.90M | 49.99M | 41.52M |
| Total Liabilities | 171.79M | 181.87M | 191.92M | 215.78M | 167.93M |
| Stockholders Equity | 463.42M | 499.74M | 488.01M | 458.50M | 378.10M |
Cash Flow | |||||
| Free Cash Flow | 18.97M | 19.05M | -93.83M | 36.91M | 45.89M |
| Operating Cash Flow | 40.98M | 41.71M | -62.14M | 58.32M | 61.49M |
| Investing Cash Flow | 5.03M | -48.37M | -31.68M | -21.38M | -15.59M |
| Financing Cash Flow | -13.70M | -12.73M | -12.23M | -9.03M | -7.11M |
Johnson Outdoors Technical Analysis
Positive
32.93
Price Trends
29.41
Positive
26.72
Positive
29.24
Positive
Market Momentum
0.97
Negative
63.03
Neutral
79.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JOUT, the sentiment is Positive. The current price of 32.93 is above the 20-day moving average (MA) of 31.46, above the 50-day MA of 29.41, and above the 200-day MA of 29.24, indicating a bullish trend. The MACD of 0.97 indicates Negative momentum. The RSI at 63.03 is Neutral, neither overbought nor oversold. The STOCH value of 79.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JOUT.
Johnson Outdoors Risk Analysis
Johnson Outdoors disclosed 26 risk factors in its most recent earnings report. Johnson Outdoors reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Johnson Outdoors Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.84B | 22.86 | 27.15% | 1.09% | 2.07% | 24.87% | |
63 Neutral | $17.18B | 10.68 | -8.50% | 2.94% | 1.62% | -25.72% | |
62 Neutral | $336.67M | ― | -9.70% | 4.01% | -7.28% | -924.86% | |
58 Neutral | $123.50M | ― | -0.04% | ― | 10.55% | 99.28% | |
54 Neutral | $150.92M | 33.59 | -32.32% | 2.54% | -1.01% | -886.54% | |
53 Neutral | $1.82B | ― | -46.00% | ― | -1.74% | -2020.38% | |
25 Underperform | $45.87M | ― | -124.69% | ― | -45.46% | 96.89% |
* Consumer Cyclical Sector Average
Performance Comparison
JOUT
Johnson Outdoors
32.93
-7.15
-17.84%
CLAR
Clarus
3.93
-1.87
-32.24%
MODG
Topgolf Callaway Brands
9.89
-6.40
-39.29%
GOLF
Acushnet Holdings
82.34
11.10
15.58%
YYAI
Connexa Sports Technologies
3.15
-11.01
-77.75%
AOUT
American Outdoor Brands
9.68
0.07
0.73%
Johnson Outdoors Corporate Events
Dividends
Johnson Outdoors Declares Quarterly Cash Dividend
Positive
Jun 27, 2025
On June 26, 2025, Johnson Outdoors Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share, payable on July 24, 2025, to shareholders of record as of July 10, 2025. This decision reflects the company’s ongoing commitment to returning value to its shareholders and may enhance its attractiveness to investors, potentially impacting its market position positively.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.