Zacks: Brokerages Set $67.50 Price Target for Johnson Outdoors Inc. (JOUT)
Johnson Outdoors Inc. (NASDAQ:JOUT) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $67.50 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Johnson Outdoors an industry rank of 20 out of 265 based on the ratings given to its competitors.
A number of research firms recently weighed in on JOUT. Imperial Capital boosted their price target on shares of Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. They noted that the move was a valuation call. ValuEngine downgraded shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Forward View reissued a “buy” rating and set a $72.00 price target on shares of Johnson Outdoors in a research note on Sunday, September 3rd. BidaskClub raised shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th.
In other Johnson Outdoors news, Director Thomas F. Pyle, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $63.16, for a total value of $63,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,950 shares of company stock valued at $255,429 in the last ninety days. Insiders own 28.42% of the company’s stock.
A number of large investors have recently modified their holdings of JOUT. Dynamic Technology Lab Private Ltd bought a new stake in shares of Johnson Outdoors during the third quarter worth $206,000. American International Group Inc. increased its position in shares of Johnson Outdoors by 7.2% during the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock worth $110,000 after acquiring an additional 202 shares in the last quarter. Smith Asset Management Group LP bought a new stake in shares of Johnson Outdoors during the second quarter worth $149,000. Cypress Capital Management LLC WY bought a new stake in shares of Johnson Outdoors during the third quarter worth $254,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of Johnson Outdoors during the second quarter worth $174,000. 59.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Johnson Outdoors (JOUT) traded up $1.31 during mid-day trading on Tuesday, hitting $71.91. 35,400 shares of the stock were exchanged, compared to its average volume of 42,361. Johnson Outdoors has a 12 month low of $31.25 and a 12 month high of $76.18. The firm has a market capitalization of $705.65, a price-to-earnings ratio of 25.21 and a beta of 0.69.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.56%. The ex-dividend date was Thursday, October 12th. This is an increase from Johnson Outdoors’s previous quarterly dividend of $0.09. Johnson Outdoors’s dividend payout ratio is presently 12.38%.
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.
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