Johnson Outdoors Inc. (NASDAQ:JOUT) had its price objective lifted by analysts at Imperial Capital from $49.00 to $63.00 in a research report issued to clients and investors on Monday, August 7th. The brokerage currently has an “outperform” rating on the stock. Imperial Capital’s price objective indicates a potential upside of 3.03% from the company’s previous close. Imperial Capital also issued estimates for Johnson Outdoors’ Q4 2017 earnings at $0.00 EPS, FY2017 earnings at $3.49 EPS and FY2018 earnings at $3.14 EPS. The analysts noted that the move was a valuation call.
Several other analysts have also commented on the company. BidaskClub raised Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine raised Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Forward View raised Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Johnson Outdoors currently has a consensus rating of “Buy” and an average target price of $53.00.
Johnson Outdoors (NASDAQ:JOUT) traded down 1.72% on Monday, reaching $61.15. The company had a trading volume of 33,589 shares. The stock has a market capitalization of $601.23 million, a P/E ratio of 18.89 and a beta of 0.77. The stock’s 50 day moving average is $52.50 and its 200-day moving average is $42.20. Johnson Outdoors has a 1-year low of $28.55 and a 1-year high of $64.39.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The company had revenue of $155.27 million for the quarter, compared to analyst estimates of $149.29 million. On average, equities analysts predict that Johnson Outdoors will post $3.49 EPS for the current fiscal year.
In other news, Director Terry E. London sold 1,127 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 28.03% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Johnson Outdoors by 5.7% in the fourth quarter. State Street Corp now owns 101,316 shares of the company’s stock valued at $4,026,000 after buying an additional 5,504 shares during the period. Highbridge Capital Management LLC purchased a new position in Johnson Outdoors during the fourth quarter valued at $362,000. Bank of Montreal Can increased its position in Johnson Outdoors by 36.3% in the first quarter. Bank of Montreal Can now owns 4,758 shares of the company’s stock valued at $174,000 after buying an additional 1,268 shares during the period. Thomson Horstmann & Bryant Inc. increased its position in Johnson Outdoors by 82.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 285,360 shares of the company’s stock valued at $10,415,000 after buying an additional 128,834 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in Johnson Outdoors during the first quarter valued at $1,401,000. Institutional investors and hedge funds own 60.43% of the company’s stock.
About Johnson Outdoors
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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