Analysts Set Johnson Outdoors (JOUT) PT at $74.00

Johnson Outdoors (NASDAQ:JOUT) has been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $74.00.

Several equities analysts have issued reports on JOUT shares. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, March 21st. Imperial Capital restated an “outperform” rating and set a $70.00 target price (up previously from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Sidoti started coverage on shares of Johnson Outdoors in a research note on Friday, January 19th. They set a “neutral” rating on the stock. Finally, BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in JOUT. State Street Corp increased its position in shares of Johnson Outdoors by 1.1% during the 2nd quarter. State Street Corp now owns 107,318 shares of the company’s stock valued at $5,176,000 after purchasing an additional 1,163 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Johnson Outdoors by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after purchasing an additional 488 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Johnson Outdoors by 78.3% during the 3rd quarter. Prudential Financial Inc. now owns 11,388 shares of the company’s stock valued at $835,000 after purchasing an additional 5,000 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Johnson Outdoors by 83.3% during the 3rd quarter. New York State Common Retirement Fund now owns 11,000 shares of the company’s stock valued at $806,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Johnson Outdoors by 117.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,432 shares of the company’s stock valued at $1,424,000 after purchasing an additional 10,477 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

JOUT traded up $0.06 during midday trading on Wednesday, hitting $62.97. 1,379 shares of the company traded hands, compared to its average volume of 38,656. The stock has a market capitalization of $628.72, a P/E ratio of 16.73 and a beta of 0.53. Johnson Outdoors has a 52 week low of $32.98 and a 52 week high of $76.18.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, February 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.63. The business had revenue of $116.58 million for the quarter, compared to analysts’ expectations of $97.22 million. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. research analysts forecast that Johnson Outdoors will post 3.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 12th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 11th. This represents a $0.48 annualized dividend and a yield of 0.76%. This is a boost from Johnson Outdoors’s previous quarterly dividend of $0.10. Johnson Outdoors’s dividend payout ratio is currently 12.99%.

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Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing motors for 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.

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