Zacks Investment Research upgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday. The brokerage currently has $73.00 price objective on the stock.

According to Zacks, “Johnson Outdoors Inc. is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors’ familiar brands include, among others: Old Town canoes and kayaks; Ocean Kayak and Necky kayaks; Lendal paddles; Escape electric boats; Minn Kota motors; Cannon downriggers; Humminbird, Bottom Line and Fishin’ Buddy fishfinders; Scubapro and UWATEC dive equipment; Silva compasses and digital instruments; and Eureka! tents. “

Other research analysts have also recently issued research reports about the company. ValuEngine raised Johnson Outdoors from a hold rating to a buy rating in a research note on Friday, September 1st. Forward View reissued a buy rating and issued a $72.00 target price on shares of Johnson Outdoors in a research note on Sunday, September 3rd. Finally, Imperial Capital reaffirmed an outperform rating and set a $70.00 price objective (up from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Johnson Outdoors presently has a consensus rating of Buy and a consensus target price of $71.67.

Johnson Outdoors (NASDAQ:JOUT) opened at $64.08 on Tuesday. The company has a market capitalization of $642.07, a price-to-earnings ratio of 20.92 and a beta of 0.67. Johnson Outdoors has a 12 month low of $31.25 and a 12 month high of $76.18.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.43%.

In other news, Director Richard Case Sheahan sold 4,434 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total transaction of $273,356.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated 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. 28.42% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Algert Global LLC boosted its holdings in shares of Johnson Outdoors by 8.4% during the third quarter. Algert Global LLC now owns 26,907 shares of the company’s stock worth $1,972,000 after purchasing an additional 2,075 shares during the period. California Public Employees Retirement System lifted its holdings in Johnson Outdoors by 9.9% in the third quarter. California Public Employees Retirement System now owns 27,152 shares of the company’s stock worth $1,990,000 after buying an additional 2,452 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Johnson Outdoors in the third quarter worth about $325,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in Johnson Outdoors by 6.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 49,421 shares of the company’s stock worth $3,620,000 after buying an additional 3,100 shares during the period. Finally, Convergence Investment Partners LLC purchased a new stake in Johnson Outdoors in the third quarter worth about $669,000. Institutional investors 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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