Johnson Outdoors Inc. (JOUT) Raised to “Buy” at Forward View
Johnson Outdoors Inc. (NASDAQ:JOUT) was upgraded by analysts at Forward View from a “hold” rating to a “buy” rating in a research report issued on Friday.
Several other equities analysts have also recently weighed in on the stock. Imperial Capital increased their price objective on shares of Johnson Outdoors to $63.00 and gave the stock an “outperform” rating in a research note on Monday. They noted that the move was a valuation call. BidaskClub upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $48.67.
Johnson Outdoors (NASDAQ:JOUT) opened at 58.00 on Friday. Johnson Outdoors has a 1-year low of $27.97 and a 1-year high of $59.80. The stock has a market cap of $569.56 million, a P/E ratio of 25.61 and a beta of 0.77. The stock has a 50 day moving average of $47.87 and a 200 day moving average of $40.08.
Johnson Outdoors (NASDAQ:JOUT) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.63. Johnson Outdoors had a net margin of 6.85% and a return on equity of 13.33%. The firm had revenue of $155.27 million for the quarter, compared to analysts’ expectations of $149.29 million. Equities analysts anticipate that Johnson Outdoors will post $2.87 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Johnson Outdoors by 7.2% in the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock worth $110,000 after buying an additional 202 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in Johnson Outdoors during the second quarter worth approximately $149,000. Acrospire Investment Management LLC purchased a new stake in Johnson Outdoors during the first quarter worth approximately $122,000. ClariVest Asset Management LLC purchased a new stake in Johnson Outdoors during the second quarter worth approximately $174,000. Finally, First Trust Advisors LP purchased a new stake in Johnson Outdoors during the second quarter worth approximately $226,000. Institutional investors own 60.26% of the company’s stock.
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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