Imperial Capital reaffirmed their outperform rating on shares of Johnson Outdoors (NASDAQ:JOUT) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. Imperial Capital currently has a $70.00 price objective on the stock, up from their prior price objective of $63.00. Imperial Capital also issued estimates for Johnson Outdoors’ Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $1.48 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $3.41 EPS and FY2019 earnings at $3.63 EPS.

Several other equities analysts have also issued reports on JOUT. ValuEngine raised shares of Johnson Outdoors from a hold rating to a buy rating in a report on Friday, September 1st. Forward View reissued a buy rating and set a $72.00 price objective on shares of Johnson Outdoors in a report on Sunday, September 3rd. Finally, Zacks Investment Research lowered shares of Johnson Outdoors from a strong-buy rating to a hold rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $69.33.

Johnson Outdoors (JOUT) opened at $63.13 on Friday. The company has a market cap of $631.17, a P/E ratio of 20.56 and a beta of 0.67. Johnson Outdoors has a 1 year low of $31.25 and a 1 year high of $76.18.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, January 10th. Johnson Outdoors’s payout ratio is 11.43%.

In related news, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total transaction of $273,356.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Company insiders own 28.03% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Johnson Outdoors in the third quarter valued at approximately $206,000. Cypress Capital Management LLC WY acquired a new stake in Johnson Outdoors in the third quarter valued at approximately $254,000. Nordea Investment Management AB acquired a new stake in Johnson Outdoors in the second quarter valued at approximately $174,000. ClariVest Asset Management LLC acquired a new stake in Johnson Outdoors in the second quarter valued at approximately $174,000. Finally, Citadel Advisors LLC acquired a new stake in Johnson Outdoors in the third quarter valued at approximately $317,000. 61.31% of the stock is currently owned by institutional investors.

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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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