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 changing hands.
Separately, Imperial Capital initiated coverage on Johnson Outdoors in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $40.00 price objective for the company.
The company has a market capitalization of $345.05 million and a price-to-earnings ratio of 20.84. The stock’s 50-day moving average is $29.69 and its 200 day moving average is $25.21.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Monday, August 8th. The company reported $0.68 earnings per share for the quarter. The company earned $139.30 million during the quarter, compared to analyst estimates of $140.88 million. On average, 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 on Wednesday, August 10th. The stock was sold at an average price of $28.53, for a total value of $85,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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