Forward View Upgrades Johnson Outdoors Inc. (JOUT) to “Buy”

Forward View upgraded shares of Johnson Outdoors Inc. (NASDAQ:JOUT) from a hold rating to a buy rating in a report published on Friday, August 4th.

Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Johnson Outdoors from a hold rating to a strong-buy rating and set a $53.00 target price for the company in a research report on Thursday, May 11th. Imperial Capital lifted their target price on Johnson Outdoors from $44.00 to $49.00 and gave the stock an outperform rating in a research report on Tuesday, May 9th. BidaskClub downgraded Johnson Outdoors from a buy rating to a hold rating in a research report on Tuesday, July 25th. Finally, ValuEngine upgraded Johnson Outdoors from a hold rating to a buy rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $53.00.

Shares of Johnson Outdoors (NASDAQ:JOUT) opened at 61.15 on Friday. The company has a market capitalization of $601.23 million, a price-to-earnings ratio of 18.89 and a beta of 0.77. Johnson Outdoors has a 12-month low of $28.55 and a 12-month high of $64.39. The company’s 50-day moving average is $52.50 and its 200-day moving average is $42.20.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The business had revenue of $155.27 million during the quarter, compared to the consensus estimate of $149.29 million. Analysts predict that Johnson Outdoors will post $3.49 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Forward View Upgrades Johnson Outdoors Inc. (JOUT) to “Buy”” was first posted by BNB Daily and is the property of of BNB Daily. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/johnson-outdoors-inc-jout-rating-increased-to-buy-at-forward-view-updated.html.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 13th were issued a $0.09 dividend. The ex-dividend date was Tuesday, July 11th. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. Johnson Outdoors’s payout ratio is currently 11.15%.

In related news, Director Terry E. London sold 1,127 shares of Johnson Outdoors stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.81, for a total value of $67,405.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 28.03% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. increased its stake in Johnson Outdoors by 7.2% in the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after buying an additional 202 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Johnson Outdoors during the first quarter valued at $122,000. Smith Asset Management Group LP purchased a new stake in Johnson Outdoors during the second quarter valued at $149,000. Bank of Montreal Can increased its stake in Johnson Outdoors by 36.3% in the first quarter. Bank of Montreal Can now owns 4,758 shares of the company’s stock valued at $174,000 after buying an additional 1,268 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in Johnson Outdoors during the second quarter valued at $174,000. Hedge funds and other institutional investors own 60.43% of the company’s stock.

About Johnson Outdoors

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.

Receive News & Ratings for Johnson Outdoors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply