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JOUT $42.31

JOUT target price
42.31
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Johnson Outdoors Inc. (NASDAQ: JOUT) produces outdoor recreational products such as watercraft, diving equipment, compasses and navigational products, and outdoor clothing. It has operations in 24 locations worldwide, employs 1,400 people and reports sales of more than $315 million. Helen Johnson-Leipold, one of Samuel Curtis Johnson, Jr.'s four children, has been running the company since 1999.

The company is a component of Johnson Family Enterprises, previously known as Johnson Wax Associates, and grew out of diversification and acquisition efforts by S. C. Johnson & Son during the 1970s. It became a profitable, self-sustaining outdoor equipment business known as Johnson Camping, Inc., later renamed Johnson Worldwide Associates (JWA).

Public offerings occurred in 1987 and 1988, with the Johnson family maintaining a strong ownership position.

The company acquired the Silva Company USA operations in 1973, followed by Silva Ltd. Canada in 1985. From 1980, JWA imported Swedish-made compasses manufactured by Silva Production AB (Silva Group) for sale in North America.

In 1996, a decision by Silva Production AB of the Silva Group parent to begin marketing its Swedish-made Silva brand compasses via a new distribution network in North America with Brunton, Inc. led to litigation the following year between JWA, which owned the North American Silva distribution network, and Silva Production AB, the Swedish manufacturer.

In 1998, JWA and Silva Production AB reached a settlement whereby JWA retained the exclusive right to sell compasses under the Silva brand in North America, made for JWA by other manufacturers. Silva Production AB retained the right to manufacture and sell compasses under its Silva trademark outside the United States and Canada. JWA also retained the rights to some product names such as Explorer, Polaris, Ranger, 1, 2, 3 and others commonly recognized in the U.S. and Canadian markets and popularized during the time Silva Production AB was manufacturing Silva-brand compasses for JWA. Silva Production AB was allowed to state on Nexus packaging and in the Nexus catalog that Nexus compasses are made by Silva Production AB, but did not retain the right to advertise this fact. As of 2008, JWA (now known as Johnson Outdoors, Inc.) was sourcing most of its Silva brand compasses from PT Uwatec Batam, an Indonesia-based wholly owned subsidiary of Johnson Outdoors, Inc. The discontinued Silva 424 Wrist Sighting Compass was made for Johnson Outdoors by Suunto Oy of Finland, while the Silva Lensatic 360 compass is made in Taiwan.

Healthways was a firm founded by Dick Klein which made scuba gear. It went bankrupt in 1963; its successor company is Scubapro. It was one of the five original American diving gear makers: U.S. Divers, Healthways, Voit, Dacor, Swimaster. Healthways was notable as the first manufacturer to use "scuba" as a word rather than an acronym; their twin-hose scuba regulator line was called the "Scuba"; hence, one of their later models, the Scuba Pro, eventually became the name of the company when it was reorganized as Scubapro. (Healthways's single-hose regulators were dubbed the "Scubair" line.)

Scubapro was founded in the United States in 1963 by Gustav Dalla Valle, the Beuchat representative in United States, and Dick Bonin to manufacture scuba gear. The "S" logo was adapted from the Beuchat “Souplair” regulator. In 1966, Scubapro introduced the first analogue "decompression meter", a forerunner of the dive computer and created the first "stab(ilizing) jacket", a vest-type buoyancy compensator, in 1978.

Scubapro merged with dive computer manufacturer Uwatec in 1997 and became part of Johnson Outdoors. The company, now known as "Scubapro Uwatec", currently manufactures diving regulators, buoyancy compensators, dive computers, masks, fins, snorkels, wetsuits and drysuits, as well as scuba accessories.

Uwatec was founded in Switzerland in 1984 as a manufacturer of scuba gear. In 1987, it introduced the Aladin PRO, establishing a reputation for making diving computers; however, multiple lawsuits accusing Uwatec (and later Johnson Outdoors) of a seven-year cover-up of a potentially lethal dive-computer bug tainted that reputation. Uwatec merged with Scubapro in 1997, becoming part of Johnson Outdoors.

Subgear is the rebranded name of Seemann Sub a diving brand active in Germany since 1979 and focused on providing divers with quality dive equipment at reasonable prices. In April 2007 the Seemann brand was acquired by Johnson Outdoors Inc. as part of its diving division. As a result, Seemann products became available in the rest of Europe in 2008 and the brand was renamed "Subgear" in 2010, coinciding with the brand expansion to the worldwide market.

Since November 2012, Johnson Outdoors has owned Jetboil, a company that produces lightweight gas fueled portable stoves. Founded in 2001, Jetboil is currently headquartered in Manchester, New Hampshire.

The company produces tents and other camping and outdoor equipment under the Eureka brand name.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-12-08 Future report Set alerts
Q3 2022 2022-08-05 1.38 1.38
Q2 2022 2022-05-09 0.97 0.97
Q1 2022 2022-02-04 1.07 1.07
Q4 2021 2021-12-10 0.68 0.68
Q3 2021 2021-08-09 2.83 2.83
Q2 2021 2021-05-07 2.74 2.74
Q1 2021 2021-02-05 1.96 1.96
Q4 2020 2020-12-11 1.53 1.53
Q3 2020 2020-07-31 1.27 1.27

Ratings

2015-12-31 Reiterated Rating Barrington Research Buy
2015-12-30 Lower Price Target Barrington Research Outperform $34.00 to $28.00
1970-01-01
2015-12-31 Reiterated Rating Barrington Research Buy
2015-12-30 Lower Price Target Barrington Research Outperform $34.00 to $28.00
1970-01-01

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TISCH DANIEL R 10.55%  (925000) ADMP / GEVA / JOUT / TRC / VNO /
JOHNSON LEIPOLD HELEN P Chairman of the Board & CEO 10.30%  (903465) JOUT /
TOWERVIEW LLC 9.83%  (861967) JOUT / SGA / TRC /
PYLE THOMAS F JR 0.59%  (51468) JOUT /
FAHEY JOHN M JR 0.27%  (24103) CLAC / JOUT / TIME /
LONDON TERRY E 0.24%  (20637) JOUT / PIR /
MCCOLLUM LEE 0.19%  (16698) JOUT / SIAL /
Lang Edward F 0.18%  (15387) JOUT /
Johnson David W Vice President and CFO 0.16%  (14101) JOUT / TWIN /