Johnson Outdoors Inc. (NASDAQ:JOUT) was upgraded by equities research analysts at Forward View from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities research analysts have also recently issued reports about the stock. Imperial Capital upped their price target on shares of Johnson Outdoors to $63.00 and gave the company an “outperform” rating in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a report on Thursday, May 11th. BidaskClub upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $48.67.

Shares of Johnson Outdoors (JOUT) opened at 58.00 on Friday. The stock’s 50 day moving average price is $47.87 and its 200-day moving average price is $40.08. The stock has a market capitalization of $569.56 million, a price-to-earnings ratio of 25.61 and a beta of 0.77. Johnson Outdoors has a 12 month low of $27.97 and a 12 month high of $59.80.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.63. Johnson Outdoors had a net margin of 6.85% and a return on equity of 13.33%. The company had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $149.29 million. Equities analysts forecast that Johnson Outdoors will post $2.87 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in JOUT. Thomson Horstmann & Bryant Inc. boosted its stake 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 last quarter. Renaissance Technologies LLC boosted its stake in Johnson Outdoors by 5.0% in the first quarter. Renaissance Technologies LLC now owns 280,700 shares of the company’s stock valued at $10,246,000 after buying an additional 13,300 shares during the last quarter. LSV Asset Management boosted its stake in Johnson Outdoors by 31.9% in the first quarter. LSV Asset Management now owns 243,295 shares of the company’s stock valued at $8,880,000 after buying an additional 58,788 shares during the last quarter. Vanguard Group Inc. boosted its stake in Johnson Outdoors by 14.0% in the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock valued at $7,184,000 after buying an additional 24,147 shares during the last quarter. Finally, FMR LLC boosted its stake in Johnson Outdoors by 52.8% in the first quarter. FMR LLC now owns 138,613 shares of the company’s stock valued at $5,059,000 after buying an additional 47,913 shares during the last quarter. Institutional investors and hedge funds own 60.26% 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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