Johnson Outdoors Inc. (JOUT) Sets New 52-Week High at $31.78
Johnson Outdoors Inc. (NASDAQ:JOUT)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.78 and last traded at $31.66, with a volume of 17,314 shares traded. The stock had previously closed at $30.76.
Several brokerages have recently issued reports on JOUT. Imperial Capital began coverage on shares of Johnson Outdoors in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $40.00 price objective on the stock. TheStreet raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, May 6th.
The firm has a market cap of $320.76 million and a P/E ratio of 19.3754. The stock has a 50-day moving average of $28.91 and a 200 day moving average of $24.85.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $139.30 million for the quarter, compared to analyst estimates of $140.88 million. Equities analysts expect that Johnson Outdoors Inc. will post $1.60 earnings per share for the current fiscal year.
In related news, CFO David W. Johnson sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $28.53, for a total transaction of $85,590.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.