Johnson Outdoors (NASDAQ:JOUT) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

A number of other equities analysts have also recently weighed in on JOUT. ValuEngine cut Johnson Outdoors from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. Imperial Capital raised their target price on Johnson Outdoors from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Finally, Sidoti upgraded Johnson Outdoors from a “neutral” rating to a “buy” rating in a report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $98.50.

Shares of NASDAQ JOUT traded down $1.65 during mid-day trading on Thursday, reaching $71.74. 22,081 shares of the company’s stock were exchanged, compared to its average volume of 31,687. The stock has a market cap of $737.43 million, a PE ratio of 23.29 and a beta of 0.90. Johnson Outdoors has a 52-week low of $59.13 and a 52-week high of $107.36.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Tuesday, August 7th. The company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.41. The business had revenue of $170.78 million during the quarter, compared to analysts’ expectations of $160.86 million. Johnson Outdoors had a return on equity of 20.47% and a net margin of 8.48%. Analysts expect that Johnson Outdoors will post 5.15 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Cypress Capital Management LLC WY boosted its holdings in Johnson Outdoors by 20.5% during the 3rd quarter. Cypress Capital Management LLC WY now owns 4,170 shares of the company’s stock valued at $388,000 after acquiring an additional 710 shares during the period. Macquarie Group Ltd. boosted its holdings in Johnson Outdoors by 13.5% during the 2nd quarter. Macquarie Group Ltd. now owns 6,022 shares of the company’s stock valued at $509,000 after acquiring an additional 716 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Johnson Outdoors by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,526 shares of the company’s stock valued at $2,243,000 after acquiring an additional 774 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Johnson Outdoors by 4.2% during the 3rd quarter. Essex Investment Management Co. LLC now owns 19,389 shares of the company’s stock valued at $1,803,000 after acquiring an additional 783 shares during the period. Finally, Northern Trust Corp boosted its holdings in Johnson Outdoors by 1.0% during the 1st quarter. Northern Trust Corp now owns 79,743 shares of the company’s stock valued at $4,943,000 after acquiring an additional 814 shares during the period. Institutional investors own 63.19% of the company’s stock.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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