Johnson Outdoors Inc. (JOUT) Sets New 52-Week High at $59.86
Johnson Outdoors Inc. (NASDAQ:JOUT) shares reached a new 52-week high during trading on Thursday . The company traded as high as $59.86 and last traded at $59.86, with a volume of 43,414 shares trading hands. The stock had previously closed at $59.05.
A number of research firms have commented on JOUT. Imperial Capital increased their price objective on shares of Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday. They noted that the move was a valuation call. BidaskClub upgraded shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research note on Wednesday. Forward View upgraded shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $53.00.
The firm has a market cap of $587.46 million, a P/E ratio of 18.45 and a beta of 0.77. The stock has a 50-day moving average price of $49.64 and a 200-day moving average price of $40.90.
Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping 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 12.90%. The firm had revenue of $155.27 million for the quarter, compared to the consensus estimate of $149.29 million. Analysts anticipate that Johnson Outdoors Inc. will post $2.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 13th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, July 11th. This represents a $0.36 dividend on an annualized basis and a yield of 0.60%. Johnson Outdoors’s dividend payout ratio is currently 11.15%.
A number of large investors have recently bought and sold shares of JOUT. American International Group Inc. increased its stake in Johnson Outdoors by 7.2% in the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock worth $110,000 after buying an additional 202 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Johnson Outdoors during the first quarter valued at approximately $122,000. Smith Asset Management Group LP purchased a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $149,000. Bank of Montreal Can increased its stake in shares of Johnson Outdoors by 36.3% in the first quarter. Bank of Montreal Can now owns 4,758 shares of the company’s stock valued at $174,000 after buying an additional 1,268 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $174,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.
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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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