Johnson Outdoors Inc. (JOUT)
NASDAQ:JOUT
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Johnson Outdoors
(NASDAQ:JOUT)
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Rating:69Neutral
Price Target:
$48.00
▲(7.36% Upside)
Action:ReiteratedDate:02/28/26
The score is driven primarily by improved financial resilience (low leverage and stronger recent cash generation) and supportive technical momentum (price above key moving averages and positive MACD). The latest earnings call added confidence via strong early-fiscal-2026 operational improvement and margin expansion, while the overall score is capped by ongoing losses/negative P/E and remaining profitability and guidance visibility risks.
Positive Factors
Balance sheet strength
Very low leverage and a sizable equity base provide durable financial flexibility. This conservative capital structure reduces refinancing and bankruptcy risk, supports continued dividend payments, funds seasonal inventory needs, and enables investment in product development and M&A during downturns.
Negative Factors
Ongoing unprofitability
The company remains unprofitable on a trailing basis and posts a negative ROE, which constrains reinvestment and raises reliance on cash conversion rather than earnings. Persistent losses limit flexibility for growth initiatives and maintain execution pressure to return to consistent profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a sizable equity base provide durable financial flexibility. This conservative capital structure reduces refinancing and bankruptcy risk, supports continued dividend payments, funds seasonal inventory needs, and enables investment in product development and M&A during downturns.
Read all positive factors
Johnson Outdoors (JOUT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$533.72M
Dividend Yield3.22%
Average Volume (3M)54.34K
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth11.36%
EPS Growth51.01%
CountryUS
Employees1,200
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.33
Shares Outstanding9,246,844
10 Day Avg. Volume89,602
30 Day Avg. Volume54,340
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)1.02
Price to Sales (P/S)0.72
P/FCF Ratio10.65
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue0.74
Enterprise Value/Gross Profit2.05
Enterprise Value/Ebitda15.77
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.15
Revenue Forecast (FY)$648.60M
Johnson Outdoors Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
Johnson Outdoors generates revenue through the sale of its diverse range of outdoor recreational products. Key revenue streams include the sales of kayaks, canoes, paddleboards, camping gear, and scuba diving equipment. The company operates throug...
Johnson Outdoors Earnings Call Summary
Earnings Call Date:Feb 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 08, 2026
Earnings Call Sentiment Positive
The call conveyed a broadly positive start to fiscal 2026: significant margin expansion (gross margin +6.7 pts), a large improvement in pre-tax loss (~$17.6M improvement), inventory reduction (~$17.7M), debt-free status, continued dividend, and strong product and e-commerce momentum. Offsetting risks include a remaining pre-tax loss, a $2.1M increase in operating expenses, an unexpected ~$2M tax charge driven by a U.S. valuation allowance (creating tax-rate volatility), material cost pressures, and continued macro/consumer uncertainty. On balance the positive operational and financial improvements materially outweigh the lowlights presented.Positive Updates
Double-Digit Revenue Growth
Company reported double-digit growth in the quarter (management noted this is meaningful given the quarter is typically seasonally slower). Management said most of the increase was unit-volume driven, with incremental pricing also implemented to offset cost pressure.
Negative Updates
Still a Pre-Tax Loss
Despite material improvement, the company remains unprofitable on a pre-tax basis with a loss of $1.3 million for the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Double-Digit Revenue Growth
Company reported double-digit growth in the quarter (management noted this is meaningful given the quarter is typically seasonally slower). Management said most of the increase was unit-volume driven, with incremental pricing also implemented to offset cost pressure.
Read all positive updates
Company Guidance
The company provided largely directional guidance: management said it is encouraged by a strong start to fiscal 2026 but that it is still “too early to predict” the full year, and reiterated priorities to sustain a robust innovation pipeline, accelerate digital/e‑commerce growth, and continue product-cost and operating‑efficiency savings; near‑term metrics cited include double‑digit revenue growth in Q1, loss before income taxes of $1.3 million (versus a $18.9 million pre‑tax loss prior year, an improvement of $17.6 million), gross margin of 36.6% (up 6.7 percentage points), operating expenses up $2.1 million, inventory of $103.9 million (down ~$17.7 million YoY), tax expense of about $2 million (driven by a US valuation allowance), a debt‑free balance sheet, continued dividend payments, and a reduction in warranty expense (under one percentage point of operating‑expense impact).Johnson Outdoors Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 625.70M | 592.41M | 592.85M | 663.84M | 743.36M | 751.65M |
| Gross Profit | 227.52M | 208.09M | 200.98M | 244.09M | 271.33M | 334.13M |
| EBITDA | 29.55M | 11.57M | -10.10M | 42.27M | 73.28M | 126.47M |
| Net Income | -22.30M | -34.29M | -26.53M | 19.53M | 44.49M | 83.38M |
Balance Sheet | ||||||
| Total Assets | 600.13M | 604.10M | 635.21M | 681.61M | 679.93M | 674.29M |
| Cash, Cash Equivalents and Short-Term Investments | 130.73M | 176.40M | 162.04M | 138.62M | 129.80M | 240.45M |
| Total Debt | 46.82M | 48.68M | 49.33M | 52.34M | 57.90M | 49.99M |
| Total Liabilities | 186.58M | 185.68M | 171.79M | 181.87M | 191.92M | 215.78M |
| Stockholders Equity | 413.55M | 418.42M | 463.42M | 499.74M | 488.01M | 458.50M |
Cash Flow | ||||||
| Free Cash Flow | 38.52M | 40.23M | 18.97M | 19.05M | -93.83M | 36.91M |
| Operating Cash Flow | 54.70M | 56.21M | 40.98M | 41.71M | -62.14M | 58.32M |
| Investing Cash Flow | -9.65M | -11.86M | 5.03M | -48.37M | -31.68M | -21.38M |
| Financing Cash Flow | -13.59M | -13.56M | -13.70M | -12.73M | -12.23M | -9.03M |
Johnson Outdoors Technical Analysis
Positive
44.71
Price Trends
47.66
Positive
45.44
Positive
41.66
Positive
Market Momentum
1.34
Negative
62.94
Neutral
67.40
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 44.71 is below the 20-day moving average (MA) of 48.25, below the 50-day MA of 47.66, and above the 200-day MA of 41.66, indicating a bullish trend. The MACD of 1.34 indicates Negative momentum. The RSI at 62.94 is Neutral, neither overbought nor oversold. The STOCH value of 67.40 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $533.72M | -33.91 | -5.18% | 3.22% | 11.36% | 51.01% | |
63 Neutral | $5.74B | 25.34 | 23.39% | 1.15% | 4.14% | -7.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | $104.84M | -2.76 | -21.24% | 2.93% | -4.45% | 11.20% | |
| ― | $34.43M | -6.48 | 8.82% | ― | 204.16% | ― | |
47 Neutral | $119.91M | -6.98 | -3.19% | ― | -0.61% | -126.06% |
* Consumer Cyclical Sector Average
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Johnson Outdoors Corporate Events
Executive/Board Changes
Johnson Outdoors Announces Planned Retirement of Longtime CFO
Neutral
Mar 4, 2026
Johnson Outdoors Inc. announced that on March 4, 2026, longtime Vice President and Chief Financial Officer David W. Johnson informed the company of his intention to retire later this year. Johnson has held the CFO role and served as principal fina...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Johnson Outdoors Shareholders Approve Board, Auditor and Incentive Plans
Positive
Feb 27, 2026
At its annual meeting of shareholders held on February 26, 2026, Johnson Outdoors Inc. re-elected all nominated Class A and Class B directors, with no competing nominations, maintaining continuity on the board. Shareholders also ratified the appoi...
Dividends
Johnson Outdoors Declares Quarterly Dividend, Signals Ongoing Stability
Positive
Feb 27, 2026
On February 27, 2026, Johnson Outdoors Inc. announced that its board approved a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share, underscoring the company’s continued practice of returning capital to shareholder...
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.