Johnson Outdoors Inc. (JOUT) Shares Gap Up to $34.77
Johnson Outdoors Inc. (NASDAQ:JOUT)’s share price gapped up prior to trading on Friday . The stock had previously closed at $34.54, but opened at $34.77. Johnson Outdoors shares last traded at $35.21, with a volume of 32,520 shares trading hands.
Several equities analysts have issued reports on the company. Imperial Capital assumed coverage on Johnson Outdoors in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $40.00 target price on the stock. TheStreet upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, May 6th.
The firm has a 50 day moving average of $29.69 and a 200 day moving average of $25.21. The firm has a market capitalization of $345.05 million and a price-to-earnings ratio of 20.84.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.68 EPS for the quarter. The business earned $139.30 million during the quarter, compared to analyst estimates of $140.88 million. On average, analysts forecast that Johnson Outdoors Inc. will post $1.60 EPS for the current year.
In other news, CFO David W. Johnson sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $28.53, for a total value of $85,590.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
A hedge fund recently raised its stake in Johnson Outdoors stock. Ameriprise Financial Inc. raised its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,740 shares of the company’s stock after buying an additional 6,124 shares during the period. Ameriprise Financial Inc. owned approximately 0.98% of Johnson Outdoors worth $2,096,000 as of its most recent filing with the SEC.
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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