Investment analysts at Sidoti started coverage on shares of Johnson Outdoors (NASDAQ:JOUT) in a report released on Friday. The firm set a “neutral” rating on the stock.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Imperial Capital reiterated an “outperform” rating and set a $70.00 price objective (up from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Johnson Outdoors currently has a consensus rating of “Buy” and an average price target of $71.67.
Shares of Johnson Outdoors (JOUT) opened at $63.76 on Friday. Johnson Outdoors has a 52-week low of $31.25 and a 52-week high of $76.18. The company has a market cap of $625.97, a PE ratio of 18.22 and a beta of 0.67.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, December 8th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Johnson Outdoors had a net margin of 7.17% and a return on equity of 13.59%. analysts predict that Johnson Outdoors will post 3.27 earnings per share for the current year.
In other Johnson Outdoors news, Director Richard Case Sheahan sold 4,434 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $62.31, for a total value of $62,310.00. The disclosure for this sale can be found here. Insiders own 28.03% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP purchased a new stake in Johnson Outdoors during the 2nd quarter valued at $226,000. JPMorgan Chase & Co. raised its holdings in Johnson Outdoors by 63.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,655 shares of the company’s stock valued at $996,000 after buying an additional 8,035 shares during the period. Wells Fargo & Company MN raised its holdings in Johnson Outdoors by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 43,699 shares of the company’s stock valued at $2,107,000 after buying an additional 5,094 shares during the period. AXA raised its holdings in Johnson Outdoors by 41.1% during the 2nd quarter. AXA now owns 26,617 shares of the company’s stock valued at $1,283,000 after buying an additional 7,756 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in Johnson Outdoors by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 13,269 shares of the company’s stock valued at $640,000 after buying an additional 195 shares during the period. 61.31% of the stock is currently owned by institutional investors and hedge funds.
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Johnson Outdoors Company Profile
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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