Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $65.32 and last traded at $65.38, with a volume of 57,645 shares changing hands. The stock had previously closed at $63.80.

A number of brokerages have recently issued reports on JOUT. Imperial Capital lifted their price target on Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Thursday, May 11th. Forward View reiterated a “buy” rating and set a $72.00 price target on shares of Johnson Outdoors in a research report on Sunday. BidaskClub upgraded Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Johnson Outdoors currently has an average rating of “Buy” and a consensus target price of $67.00.

The stock’s 50 day moving average price is $57.82 and its 200 day moving average price is $44.93. The firm has a market capitalization of $640.65 million, a PE ratio of 20.12 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, August 4th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The company had revenue of $155.27 million during the quarter, compared to analyst estimates of $149.29 million. Analysts forecast that Johnson Outdoors Inc. will post $3.49 earnings per share for the current year.

In related news, Director Terry E. London sold 1,127 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $59.81, for a total transaction of $67,405.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 28.42% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. bought a new position in Johnson Outdoors during the second quarter valued at approximately $278,000. Public Employees Retirement System of Ohio bought a new position in Johnson Outdoors during the second quarter valued at approximately $589,000. The Manufacturers Life Insurance Company boosted its stake in Johnson Outdoors by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after buying an additional 488 shares during the last quarter. State Street Corp boosted its stake in Johnson Outdoors by 1.1% during the second quarter. State Street Corp now owns 107,318 shares of the company’s stock valued at $5,176,000 after buying an additional 1,163 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Johnson Outdoors by 182.8% during the second quarter. Goldman Sachs Group Inc. now owns 18,323 shares of the company’s stock valued at $883,000 after buying an additional 11,843 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

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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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