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.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/10/johnson-outdoors-inc-jout-sets-new-52-week-high-at-59-86.html.

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.

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.