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Johnson Outdoors Inc

Johnson Outdoors Inc

JOUT
$46.25USD↓-1.41%-0.66 today

MARKET CAP

479.4M

P/E (TTM)

—

FWD P/E

20.5x

DAY RANGE

$46 – $47

52W RANGE

$31
$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.

  • ↑Q2 ’26 revenue $90.5M up 15.5% YoY led by fishing
  • ↑Gross margin 38.8% up 380bps YoY via operating leverage
  • ↓Cautious consumer sentiment may induce sales volatility amid uncertainty
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Johnson Outdoors Inc. (NASDAQ: JOUT) operates in the outdoor recreation industry, specializing in fishing, camping, watercraft, and diving products. As a leading manufacturer in its sector, the company leverages strong brand recognition, with innovative offerings such as the Hummingbird Explore series and Jetboil products. Positioned well within the growing outdoor activities theme, it aims to capture increasing consumer interest driven by innovation and digital engagement.

Bull says

  • ↑Q2 ’26 revenue $90.5M up 15.5% YoY led by fishing
  • ↑Gross margin 38.8% up 380bps YoY via operating leverage
  • ↑Debt-free balance sheet underpins growth investments and dividends
  • ↑E-commerce sales push taps shifting online consumer behavior
  • ↑Hummingbird and Jetboil brands drive strong customer loyalty
  • ↑Strong momentum and quality factors support performance outlook

Bear says

  • ↓Cautious consumer sentiment may induce sales volatility amid uncertainty
  • ↓Rising input costs from inflation could pressure future margins
  • ↓Operating expenses climbed on higher compensation and volume costs
  • ↓Inventory bloated to $186.9M risks cash flow and markdowns
  • ↓Low institutional ownership suggests limited analyst and fund support
  • ↓Weak earnings yield and negative revision trends weigh on valuation

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 · Q2 2026 · Mgmt. Guidance

Updated 05-11-2026bullish

Transcript signals

Bull points

  • Gross margin for the second quarter improved to 38.8%, up 3.8 points from the prior year quarter.
  • Year-to-date, gross margin is 37.9%, up 4.9 points from the prior year-to-date period.
  • Profit before income taxes for the second quarter was $10.2 million compared to $4.2 million in the previous year quarter, driven mostly by the improvement in operating income.

Bear points

  • Operating expenses increased $11.2 million from the prior year second quarter due primarily to increased sales volume related costs, as well as increased variable compensation costs.
Read full transcript analysis ›