Johnson Outdoors (NASDAQ:JOUT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

JOUT has been the topic of a number of other reports. Zacks Investment Research raised shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, March 21st. Sidoti initiated coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Imperial Capital raised their target price on shares of Johnson Outdoors from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 8th. Finally, ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.33.

Johnson Outdoors opened at $75.51 on Thursday, MarketBeat Ratings reports. Johnson Outdoors has a 1-year low of $75.27 and a 1-year high of $75.48. The stock has a market capitalization of $746.00 million, a P/E ratio of 24.52 and a beta of 0.53.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings data on Friday, May 4th. The company reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.70. The company had revenue of $165.78 million for the quarter, compared to analyst estimates of $156.04 million. Johnson Outdoors had a net margin of 7.37% and a return on equity of 18.42%. equities research analysts predict that Johnson Outdoors will post 4.59 earnings per share for the current fiscal year.

In other news, VP David W. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $73.45, for a total transaction of $73,450.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 18.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of JOUT. Stratos Wealth Partners LTD. purchased a new position in Johnson Outdoors during the first quarter valued at approximately $109,000. MetLife Investment Advisors LLC purchased a new position in Johnson Outdoors during the fourth quarter valued at approximately $157,000. Victory Capital Management Inc. purchased a new position in Johnson Outdoors during the first quarter valued at approximately $180,000. Paloma Partners Management Co purchased a new position in Johnson Outdoors during the fourth quarter valued at approximately $207,000. Finally, Seizert Capital Partners LLC purchased a new position in Johnson Outdoors during the first quarter valued at approximately $221,000. 61.75% of the stock is currently owned by institutional investors.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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