Brokerages Set $67.50 Target Price for Johnson Outdoors Inc. (JOUT)

Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price objective of $67.50 for the company, according to Zacks. Zacks has also assigned Johnson Outdoors an industry rank of 19 out of 265 based on the ratings given to related companies.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. ValuEngine cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised 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, August 9th. Finally, Forward View reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Johnson Outdoors in a research note on Sunday, September 3rd.

Johnson Outdoors (NASDAQ JOUT) opened at $70.50 on Wednesday. The stock has a market cap of $709.28, a P/E ratio of 25.86 and a beta of 0.67. Johnson Outdoors has a 52 week low of $31.25 and a 52 week high of $76.18.

In other news, 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 value of $125,248.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $67.02, for a total transaction of $67,020.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,950 shares of company stock worth $255,429. 28.42% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in JOUT. American International Group Inc. increased its position in shares of 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 acquiring an additional 202 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Johnson Outdoors by 14.0% in the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock worth $7,184,000 after acquiring an additional 24,147 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Johnson Outdoors by 29.8% in the first quarter. Geode Capital Management LLC now owns 55,644 shares of the company’s stock worth $2,030,000 after acquiring an additional 12,771 shares in the last quarter. Credit Suisse AG increased its position in shares of Johnson Outdoors by 9.6% in the first quarter. Credit Suisse AG now owns 6,711 shares of the company’s stock worth $245,000 after acquiring an additional 586 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Johnson Outdoors by 88.9% in the second quarter. Algert Global LLC now owns 24,832 shares of the company’s stock worth $1,197,000 after acquiring an additional 11,689 shares in the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.

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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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