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.
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.
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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