Johnson Outdoors Inc. (JOUT) Hits New 52-Week High at $65.32
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.
ILLEGAL ACTIVITY WARNING: “Johnson Outdoors Inc. (JOUT) Hits New 52-Week High at $65.32” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/07/johnson-outdoors-inc-jout-hits-new-52-week-high-at-65-32.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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.