Johnson Outdoors carries a 3-of-4 earnings beat streak and a near-perfect Piotroski balance-sheet score, but a hard-failed momentum gate flagging capitulation risk, a thin risk/reward asymmetry, and elevated short interest with insider selling point to multiple concerning factors that argue for reducing rather than adding to the position.
Thesis pillars
- Strong Piotroski Balance Sheet→Stable
- Thin Asymmetry Gate Failure→Stable
- Strong Earnings Beat Streak→Stable
- +2 more pillars — see the Why tab for full reasoning
Johnson Outdoors Inc. (JOUT) Stock Analysis
Consumer Cyclical · Leisure
Sell if holding. Momentum 4.0/10 is below the 5.0 floor at $42.80 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Supplier: single vendor for certain parts/materials; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2).
Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreation products for fishing worldwide. It operates through Fishing; Camping & Watercraft Recreation; and Diving segments. The Fishing segment offers electric motors for quiet trolling or primary... Read more
Sell if holding. Momentum 4.0/10 is below the 5.0 floor at $42.80 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Supplier: single vendor for certain parts/materials; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.6/10, high confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 64d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
Recent developments
updated 2026-10-13Recent Developments — Johnson Outdoors Inc.
Latest news
- NEWS JOUT|Johnson Outdoors Inc|Price:47.315|Chg%:-0.035 - TradingKey — TradingKey neutral
- NEWS Johnson Outdoors Inc (JOUT) Institutional Confidence - TradingKey — TradingKey neutral
- NEWS Johnson Outdoors Inc. Revenue Breakdown – NASDAQ:JOUT - TradingView — TradingView neutral
- NEWS Johnson Outdoors Inc (JOUT) Financial Health: Profitability & Balance Sheet Analysis - TradingKey — TradingKey neutral
- NEWS Johnson Outdoors Inc (JOUT) Q3 2026 Earnings Report Preview: What To Expect - Yahoo Finance — Yahoo Finance neutral
Generated 2026-10-13T11:42:09Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- HIGHSuppliersingle vendor for certain parts/materials10-K Item 1: 'The Company manufactures some products that use parts or materials that, due to geographical distance, limited supplier capacity or availability or competing demands for such parts or materials, are only available in a cost effective manner from a single vendor'
Material Events(8-K, last 90d)
- 2026-06-22Item 5.02MEDIUMAsad Rahman (from Mars, Incorporated) appointed VP and CFO effective June 30, 2026, succeeding David W. Johnson, who announced his planned retirement March 4, 2026. Johnson steps down from CFO/principal accounting officer roles but remains an employee through fiscal year-end for transition support.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 4.0/10 is below the 5.0 floor at $42.80 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Supplier: single vendor for certain parts/materials; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $40.88. Score 5.6/10, high confidence.
Take-profit target: $48.45 (+13.2% upside). Prior stop was $40.88. Stop-loss: $40.88.
Concentration risk — Supplier: single vendor for certain parts/materials; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2); Sector modifier (Consumer Cyclical): -1.5.
Johnson Outdoors Inc. trades at a P/E of N/A (forward 30.3). TrendMatrix value score: 5.8/10. Verdict: Sell.
7 analysts cover JOUT with a consensus score of 4.3/5. Average price target: $57.
What does Johnson Outdoors Inc. do?Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreation products for fishing...
Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreation products for fishing worldwide. It operates through Fishing; Camping & Watercraft Recreation; and Diving segments. The Fishing segment offers electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation and marine cartography; and downriggers for controlled-depth fishing. This segment sells its products under the Minn Kota, Humminbird, and Cannon brands through outdoor specialty retailers, retail store chains, internet dealers, original equipment manufacturers, and distributors. The Camping & Watercraft Recreation segment provides portable outdoor cooking systems, single burner and two burner stoves, and accessories under the Jetboil brand to camping and backpacking specialty stores, sporting goods stores, internet retailers, and direct customer through website and distributors; and kayaks, canoes, personal watercraft equipment and products, and paddles for family recreation, touring, and angling through independent specialty and outdoor retailers under Old Town and Carlisle brands. The Diving segment manufactures and markets underwater diving and snorkeling equipment, such as regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels, and accessories through independent specialty dive stores and diving magazines under the SCUBAPRO brand. This segment also provides regular maintenance, product repair, diving education, and travel program services; and sells diving gear to dive training centers, resorts, and public safety units through websites and internet retailers. The company was founded in 1970 and is headquartered in Racine, Wisconsin.