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JOUT - Momentum From A Stellar 2019 For Johnson Outdoors May Stall In 2020
Johnson Outdoors Inc.
Introduction
Johnson Outdoors (JOUT) on December 6th reported fiscal 2019 fourth-quarter results that blew through estimates. The company did well in 2019 but 2020 may see tariffs have a greater impact on net income. Based on a forward price to earnings multiple of around 15, there remains approximately 10% to 15% upside from current prices to fair value. The company is not nearly as undervalued as it was a few months ago, although remains far from overvalued.