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Johnson Outdoors Inc

Johnson Outdoors Inc

JOUT
$44.61USD↑+0.85%+0.38 today

MARKET CAP

462.6M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$44 – $45

52W RANGE

$36
$54

AI Summary

Stalk
StalkMedium

JOUT is in a Stage 2 advancing regime with a clear medium-term bullish bias anchored by rising EMAs and higher highs/lows, but the stock is consolidating near all-time highs. Price is tightly tracking above the 9/20 EMA zone, offering no immediate entry signal. Execution should be deferred until a pullback into the rising EMA support area provides a structurally favorable opportunity.

  • ↑Q3 revenue $189.7M up 5% YoY; EPS $1.42 beats $0.68 consensus
  • ↑YTD net sales $525.1M, climbing 15% YoY on strong demand
  • ↓Raw material cost increases threaten gross margins and profit conversion
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The case for & against

Bull & Bear analysis

Bearish

Johnson Outdoors Inc. (NASDAQ: JOUT) is a leading manufacturer of outdoor recreational products across categories such as fishing, diving, camping, and watercraft. The company is recognized for its strong brand reputation and innovation-driven approach, positioning itself effectively in the outdoor recreational market, which has seen a resurgence in interest amidst growing consumer disparities for sustainable outdoor activities. Johnson Outdoors' debt-free balance sheet and steady dividend policy highlight its commitment to shareholder value, setting it apart from many competitors and contributing to its robust brand equity.

Bull says

  • ↑Q3 revenue $189.7M up 5% YoY; EPS $1.42 beats $0.68 consensus
  • ↑YTD net sales $525.1M, climbing 15% YoY on strong demand
  • ↑Maintain debt-free balance sheet with $175.2M cash, supports dividend
  • ↑Fishing segment leadership (Minn Kota) drives core revenue growth
  • ↑Investing in innovation boosts operational efficiencies and tech differentiation
  • ↑Positive analyst revisions and book-to-price 1.27 suggest undervaluation

Bear says

  • ↓Raw material cost increases threaten gross margins and profit conversion
  • ↓Camping and watercraft segments report market weakness, limiting growth
  • ↓Past quarter boosted by one-time $15M tariff refund not recurring
  • ↓Operating expenses rose 11.5% amid higher variable compensation costs
  • ↓Weak analyst sentiment and sell ratings discourage institutional investors
  • ↓Unfavorable profitability and earnings yield factors suggest return challenges

Investment themes with JOUT

Fashion Luxury↑ +0.50%

High-end clothing, accessories, and luxury brands

MBUU · JOUT · MCFT
Recreational Durables↑ +0.47%

HZO · MBUU · JOUT

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 02-06-2025bearish

Transcript signals

Bull points

  • The quarter's gross margin of 38.1% is up 2.9 points from the prior year quarter, due primarily to reductions in material and freight costs.
  • Operating expenses decreased 8% or $4.5 million versus the prior year quarter, due primarily to lower sales volumes.
  • Our balance sheet continues to have no debt and our cash position enables us to invest in opportunities to strengthen the business.

Bear points

  • Sales in our first fiscal quarter ending December, 2023 declined 22% to $138.6 million compared to $178.3 million in the prior year first quarter.
  • Our first quarter results are significantly impacted by high inventory levels at retail and slower consumer demand.
  • In watercraft recreation, however, our Old Town sportsman line is outperforming competitors in a very depressed marketplace.
Read full transcript analysis ›