Johnson Outdoors (JOUT) Earns Neutral Rating from Analysts at Sidoti

Equities researchers at Sidoti assumed coverage on shares of Johnson Outdoors (NASDAQ:JOUT) in a note issued to investors on Friday, The Fly reports. The firm set a “neutral” rating on the stock.

Several other research firms have also weighed in on JOUT. ValuEngine lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub lowered Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $70.00 target price (up previously from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Johnson Outdoors has a consensus rating of “Buy” and an average target price of $71.67.

Shares of Johnson Outdoors (NASDAQ JOUT) opened at $63.76 on Friday. Johnson Outdoors has a twelve month low of $31.25 and a twelve month high of $76.18. The firm has a market capitalization of $625.97, a price-to-earnings ratio of 18.22 and a beta of 0.67.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, December 8th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Johnson Outdoors had a return on equity of 13.59% and a net margin of 7.17%. analysts forecast that Johnson Outdoors will post 3.27 earnings per share for the current year.

In other Johnson Outdoors news, VP David W. Johnson sold 1,000 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $62.31, for a total value of $62,310.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Case Sheahan sold 4,434 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total value of $273,356.10. The disclosure for this sale can be found here. Company insiders own 28.03% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JOUT. Nordea Investment Management AB purchased a new stake in Johnson Outdoors in the second quarter worth $174,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Johnson Outdoors during the 3rd quarter worth $206,000. First Trust Advisors LP bought a new position in shares of Johnson Outdoors during the 2nd quarter worth $226,000. The Manufacturers Life Insurance Company grew its position in shares of Johnson Outdoors by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock worth $231,000 after buying an additional 488 shares in the last quarter. Finally, Cypress Capital Management LLC WY bought a new position in shares of Johnson Outdoors during the 3rd quarter worth $254,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

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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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