Johnson Outdoors Inc. (NASDAQ:JOUT) shares shot up 6% during mid-day trading on Wednesday . The stock traded as high as $31.42 and last traded at $30.84, with a volume of 104,678 shares traded. The stock had previously closed at $29.09.

Several research firms have issued reports on JOUT. Imperial Capital began coverage on Johnson Outdoors in a report on Wednesday. They set an “outperform” rating and a $40.00 price objective on the stock. TheStreet raised Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, May 6th.

The stock has a market cap of $301.03 million and a PE ratio of 18.183. The stock has a 50-day moving average of $28.55 and a 200-day moving average of $24.70.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Monday, August 8th. The company reported $0.68 EPS for the quarter. The business had revenue of $139.30 million for the quarter, compared to the consensus estimate of $140.88 million. On average, analysts expect that Johnson Outdoors Inc. will post $1.70 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Stockholders of record on Thursday, July 14th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, July 12th. This represents a $0.32 annualized dividend and a dividend yield of 1.10%.

In other news, CFO David W. Johnson sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this link.

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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