Johnson Outdoors Inc. (NASDAQ:JOUT) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also commented on JOUT. Imperial Capital increased their price objective on shares of Johnson Outdoors to $63.00 and gave the stock an “outperform” rating in a report on Monday. They noted that the move was a valuation call. Forward View raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, August 4th. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.67.

Shares of Johnson Outdoors (NASDAQ JOUT) traded down 2.300% during mid-day trading on Wednesday, hitting $56.041. 953 shares of the stock were exchanged. The firm has a market cap of $550.32 million, a price-to-earnings ratio of 24.742 and a beta of 0.77. The company’s 50-day moving average is $47.87 and its 200-day moving average is $40.08. Johnson Outdoors has a 1-year low of $27.97 and a 1-year high of $57.34.

Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $149.29 million. Equities research analysts anticipate that Johnson Outdoors will post $2.87 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Johnson Outdoors Inc. (JOUT) Rating Increased to Strong-Buy at BidaskClub” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/johnson-outdoors-inc-jout-rating-increased-to-strong-buy-at-bidaskclub.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Chicago Equity Partners LLC raised its position in shares of Johnson Outdoors by 6.0% in the second quarter. Chicago Equity Partners LLC now owns 46,868 shares of the company’s stock valued at $2,260,000 after buying an additional 2,660 shares during the period. IndexIQ Advisors LLC acquired a new position in shares of Johnson Outdoors during the second quarter valued at about $625,000. ClariVest Asset Management LLC acquired a new position in shares of Johnson Outdoors during the second quarter valued at about $174,000. Smith Asset Management Group LP acquired a new position in shares of Johnson Outdoors during the second quarter valued at about $149,000. Finally, First Trust Advisors LP acquired a new position in shares of Johnson Outdoors during the second quarter valued at about $226,000. 60.26% of the stock is currently 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.

Receive News & Ratings for Johnson Outdoors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.