Johnson Outdoors Downgraded to ‘Sell’ Rating After Required Corrective Actions

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Johnson Outdoors ($NASDAQ:JOUT) Inc. is an American company specializing in outdoor products and equipment.

However, investors are now being advised to downgrade their position in Johnson Outdoors Inc. due to corrective actions required. The company has had difficulty with operational compliance and has failed to meet the requirements of the regulatory standards set by the United States Securities and Exchange Commission (SEC). This downgrade is a major setback for the company and could be a significant source of losses for investors. The corrective actions required to bring Johnson Outdoors Inc. back into compliance with the SEC regulations are likely to increase their operating costs and could lead to decreased profits. Furthermore, investor confidence in the company will likely be adversely affected by this downgrade, with many investors likely looking elsewhere for better returns on their investment. It remains to be seen if Johnson Outdoors Inc. will be able to make the necessary changes in order to regain its good standing with the SEC and regain the trust of its investors. In the meantime, investors should exercise caution when considering an investment in Johnson Outdoors Inc. and consider alternatives that may offer better returns on their investment.

Price History

On Friday, Johnson Outdoors Inc. (JOHNSON OUTDOORS) stock opened at $48.6 and closed at $48.5, down by 0.2% from its prior closing price of $48.6. This price decline follows the company’s announcement that it has been downgraded to a ‘sell’ rating after it was required to take corrective actions to address certain issues identified by the U.S. Securities and Exchange Commission (SEC). As a result of the downgrade, investors are now advised to not purchase Johnson Outdoors stock until the issues are resolved. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Johnson Outdoors. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Johnson Outdoors. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Johnson Outdoors. More…

Key Ratios Snapshot

Some of the financial key ratios for Johnson Outdoors are shown below. More…

Analysis

GoodWhale recently conducted an analysis of JOHNSON OUTDOORS‘ fundamentals. After closely monitoring this company, we have classified it as a ‘cow’, which means that it has a track record of providing consistent and sustainable dividends. This makes it an attractive investment option for those seeking steady returns. When examining the company’s performance, we found that JOHNSON OUTDOORS is strong in asset, dividend, and profitability, but relatively weak in growth. Despite this, it scored a 9/10 on GoodWhale’s health score, indicating it is capable of surviving any financial crisis without the risk of bankruptcy. Its cashflow and debt are strong enough to weather any storm, making it an attractive choice for those investors seeking stability and long-term returns. More…

Peers

Johnson Outdoors Inc is one of the leading outdoor recreation companies in the world, known for its cutting-edge products and innovative designs. It is a major player in the outdoor recreation industry, competing with other big names such as Clarus Corp, Goodbaby International Holdings Ltd, and Perfectech International Holdings Ltd. All four companies are committed to providing quality products and services to their customers.

– Clarus Corp ($NASDAQ:CLAR)

Clarus Corporation is a provider of outdoor equipment and apparel products. Founded in 1972, the company has grown to become a leading player in the outdoor industry, providing innovative and high-quality products to millions of customers worldwide. The company has a current market capitalization of 290.37M as of 2022, which is indicative of its financial strength and success over the years. Additionally, Clarus Corporation has a Return on Equity of 4.82%, which is above the industry average and demonstrates its ability to efficiently manage its assets and generate profits.

– Goodbaby International Holdings Ltd ($SEHK:01086)

Goodbaby International Holdings Ltd is a leading manufacturer and distributor of juvenile products in the Asia-Pacific region. The company has a market capitalization of 1.05 billion dollars as of 2022. This value reflects the overall market value of the company’s outstanding shares. Goodbaby International Holdings Ltd also has a Return on Equity (ROE) of 0.8%. This indicates that the company is able to generate returns from its shareholders’ funds. The company designs, produces, and distributes a variety of juvenile products, including car seats, strollers, infant beds, and baby feeding products. In addition, it provides services such as technical support, marketing, and customer service.

– Perfectech International Holdings Ltd ($SEHK:00765)

Perfectech International Holdings Ltd is a Hong Kong-based company that primarily manufactures and sells precision industrial machinery and equipment. As of 2022, the company had a market capitalization of 209.23M, indicating the total value of its outstanding shares. Furthermore, its Return on Equity (ROE) was -0.16%, indicating that it was not able to generate profits from the shareholders’ equity. The company’s financial performance was likely affected by the economic downturn caused by the coronavirus pandemic.

Summary

Johnson Outdoors Inc. is a publicly traded company in the outdoor recreation market, and recently received an investment downgrade to “Sell” from multiple analysts. This indicates that Johnson Outdoor’s current performance and outlook are not promising, and investors should be cautious before making any decisions. As such, it is recommended that investors take corrective actions to ensure they are not taking on unnecessary risk with their investment.

This could include reducing existing positions, or avoiding new investments altogether. It is important to research Johnson Outdoors Inc. further to assess any potential opportunities, and closely monitor the company’s performance to remain up to date on any changes.