BidaskClub upgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised Johnson Outdoors from a hold rating to a strong-buy rating and set a $75.00 price target for the company in a research report on Wednesday, March 21st. Imperial Capital increased their price target on Johnson Outdoors from $75.00 to $85.00 and gave the company an outperform rating in a research note on Tuesday, May 8th. Finally, ValuEngine upgraded Johnson Outdoors from a hold rating to a buy rating in a research note on Friday, May 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $84.67.
Johnson Outdoors opened at $85.48 on Friday, according to MarketBeat Ratings. Johnson Outdoors has a 52-week low of $44.47 and a 52-week high of $87.23. The company has a market cap of $849.66 million, a P/E ratio of 27.75 and a beta of 0.57.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, May 4th. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.70. Johnson Outdoors had a return on equity of 18.42% and a net margin of 7.37%. The firm had revenue of $165.78 million during the quarter, compared to the consensus estimate of $156.04 million. analysts anticipate that Johnson Outdoors will post 4.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Thursday, July 12th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, July 11th. Johnson Outdoors’s dividend payout ratio (DPR) is presently 15.58%.
In related news, VP David W. Johnson sold 1,000 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $73.45, for a total value of $73,450.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.50% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of JOUT. Renaissance Technologies LLC raised its stake in Johnson Outdoors by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 298,500 shares of the company’s stock valued at $18,534,000 after acquiring an additional 43,600 shares during the period. Thomson Horstmann & Bryant Inc. increased its position in Johnson Outdoors by 21.3% during the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 180,622 shares of the company’s stock worth $11,198,000 after buying an additional 31,695 shares during the period. Mackay Shields LLC bought a new position in Johnson Outdoors during the 1st quarter worth $1,682,000. Geode Capital Management LLC increased its position in Johnson Outdoors by 33.4% during the 4th quarter. Geode Capital Management LLC now owns 90,626 shares of the company’s stock worth $5,626,000 after buying an additional 22,684 shares during the period. Finally, Deutsche Bank AG increased its position in Johnson Outdoors by 372.4% during the 4th quarter. Deutsche Bank AG now owns 24,248 shares of the company’s stock worth $1,504,000 after buying an additional 19,115 shares during the period. Institutional investors and hedge funds own 62.09% of the company’s stock.
About Johnson Outdoors
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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