Zacks: Analysts Set $67.50 Price Target for Johnson Outdoors Inc. (JOUT)

Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $67.50 for the company and are expecting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Johnson Outdoors an industry rank of 27 out of 265 based on the ratings given to related companies.

Several research analysts recently commented on the stock. Imperial Capital raised their price target on shares of Johnson Outdoors from $49.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, August 7th. They noted that the move was a valuation call. ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a report on Wednesday, August 9th. BidaskClub upgraded shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Finally, Forward View upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, August 4th.

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Johnson Outdoors (JOUT) traded down $2.16 during midday trading on Tuesday, reaching $71.63. 22,400 shares of the company traded hands, compared to its average volume of 42,306. Johnson Outdoors has a 52-week low of $31.25 and a 52-week high of $76.18. The stock has a market capitalization of $715.94, a price-to-earnings ratio of 25.58 and a beta of 0.69.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.09. Johnson Outdoors’s dividend payout ratio (DPR) is currently 12.38%.

In other news, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $67.02, for a total transaction of $67,020.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas F. Pyle, Jr. sold 1,950 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $64.23, for a total transaction of $125,248.50. The disclosure for this sale can be found here. Insiders have sold 3,950 shares of company stock worth $255,429 in the last quarter. Insiders own 28.03% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of JOUT. AQR Capital Management LLC purchased a new stake in shares of Johnson Outdoors during the first quarter valued at approximately $1,883,000. FMR LLC raised its stake in shares of Johnson Outdoors by 52.8% during the first quarter. FMR LLC now owns 138,613 shares of the company’s stock valued at $5,059,000 after purchasing an additional 47,913 shares during the period. Vanguard Group Inc. raised its stake in shares of Johnson Outdoors by 14.0% during the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock valued at $7,184,000 after purchasing an additional 24,147 shares during the period. Bowling Portfolio Management LLC purchased a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $1,152,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $1,007,000. Institutional investors own 59.55% of the company’s stock.

Johnson Outdoors Company Profile

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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