Johnson Outdoors Inc. (NASDAQ:JOUT) had its price objective lifted by equities research analysts at Imperial Capital to $63.00 in a research report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Imperial Capital’s price objective indicates a potential upside of 9.83% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other analysts have also recently issued reports on the stock. BidaskClub raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Forward View raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $48.67.

Johnson Outdoors (JOUT) opened at 57.36 on Monday. The company has a 50-day moving average price of $47.87 and a 200 day moving average price of $40.08. Johnson Outdoors has a 12 month low of $27.97 and a 12 month high of $59.61. The stock has a market capitalization of $563.28 million, a price-to-earnings ratio of 25.32 and a beta of 0.77.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 4th. The company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.63. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. The firm had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $149.29 million. Equities analysts predict that Johnson Outdoors will post $2.87 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. IndexIQ Advisors LLC bought a new stake in shares of Johnson Outdoors during the second quarter valued at about $625,000. ClariVest Asset Management LLC bought a new stake in shares of Johnson Outdoors during the second quarter valued at about $174,000. Smith Asset Management Group LP bought a new stake in shares of Johnson Outdoors during the second quarter valued at about $149,000. First Trust Advisors LP bought a new stake in shares of Johnson Outdoors during the second quarter valued at about $226,000. Finally, Algert Global LLC boosted its stake in shares of Johnson Outdoors by 88.9% in the second quarter. Algert Global LLC now owns 24,832 shares of the company’s stock valued at $1,197,000 after buying an additional 11,689 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Johnson Outdoors Company Profile

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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