Zacks: Johnson Outdoors Inc. (JOUT) Given $40.00 Consensus Price Target by Analysts
Johnson Outdoors Inc. (NASDAQ:JOUT) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $40.00 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 183 out of 265 based on the ratings given to related companies.
Separately, Imperial Capital began coverage on Johnson Outdoors in a research report on Wednesday, August 24th. They set an “outperform” rating and a $40.00 target price on the stock.
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Johnson Outdoors (NASDAQ:JOUT) traded down 2.53% on Monday, hitting $35.88. The stock had a trading volume of 19,051 shares. Johnson Outdoors has a 12 month low of $18.33 and a 12 month high of $37.60. The company’s 50 day moving average is $35.21 and its 200-day moving average is $28.04. The stock has a market cap of $352.52 million, a P/E ratio of 21.29 and a beta of 1.04.
Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Monday, August 8th. The company reported $0.68 EPS for the quarter. The firm earned $139.30 million during the quarter, compared to analyst estimates of $140.88 million. Johnson Outdoors had a return on equity of 8.26% and a net margin of 3.78%. Analysts forecast that Johnson Outdoors will post $1.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 13th will be given a dividend of $0.09 per share. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, October 11th. Johnson Outdoors’s dividend payout ratio is currently 21.43%.
In related news, CFO David W. Johnson sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $28.53, for a total transaction of $85,590.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 28.42% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC raised its position in shares of Johnson Outdoors by 371.3% in the third quarter. Algert Global LLC now owns 39,827 shares of the company’s stock worth $1,449,000 after buying an additional 31,376 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Johnson Outdoors during the second quarter worth $311,000. Eagle Global Advisors LLC purchased a new position in shares of Johnson Outdoors during the second quarter worth $323,000. Walleye Trading LLC raised its position in shares of Johnson Outdoors by 124.1% in the second quarter. Walleye Trading LLC now owns 6,500 shares of the company’s stock worth $167,000 after buying an additional 3,600 shares in the last quarter. Finally, State Street Corp raised its position in shares of Johnson Outdoors by 5.3% in the second quarter. State Street Corp now owns 86,814 shares of the company’s stock worth $2,229,000 after buying an additional 4,372 shares in the last quarter. 61.97% of the stock is currently owned by institutional investors.
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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