Johnson Outdoors Inc. (JOUT) Given Consensus Recommendation of “Buy” by Analysts

Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $71.67.

A number of equities analysts have recently issued reports on the company. Imperial Capital restated an “outperform” rating and issued a $70.00 price target (up from $63.00) on shares of Johnson Outdoors in a research note on Friday, December 15th. Zacks Investment Research upgraded Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, December 19th. ValuEngine downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Sidoti assumed coverage on Johnson Outdoors in a research note on Friday. They issued a “neutral” rating on the stock. Finally, BidaskClub downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th.

Johnson Outdoors (NASDAQ:JOUT) traded up $1.15 during trading on Friday, hitting $63.76. The company’s stock had a trading volume of 48,358 shares, compared to its average volume of 55,993. The company has a market cap of $637.55, a price-to-earnings ratio of 17.96 and a beta of 0.67. Johnson Outdoors has a twelve month low of $31.25 and a twelve month high of $76.18.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, December 8th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. Johnson Outdoors had a return on equity of 13.59% and a net margin of 7.17%. research analysts predict that Johnson Outdoors will post 3.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th will be paid a $0.10 dividend. 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 0.63%. Johnson Outdoors’s dividend payout ratio (DPR) is currently 11.27%.

In related news, VP David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction on Monday, January 8th. The stock was sold at an average price of $62.31, for a total transaction of $62,310.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $61.65, for a total value of $273,356.10. The disclosure for this sale can be found here. Company insiders own 28.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOUT. Hillsdale Investment Management Inc. purchased a new position in Johnson Outdoors during the second quarter valued at $1,007,000. Vanguard Group Inc. lifted its position in Johnson Outdoors by 10.3% during the second quarter. Vanguard Group Inc. now owns 217,062 shares of the company’s stock valued at $10,464,000 after purchasing an additional 20,232 shares in the last quarter. Chicago Equity Partners LLC lifted its position in Johnson Outdoors by 31.9% during the third quarter. Chicago Equity Partners LLC now owns 61,828 shares of the company’s stock valued at $4,531,000 after purchasing an additional 14,960 shares in the last quarter. First Quadrant L P CA purchased a new position in Johnson Outdoors during the third quarter valued at $1,077,000. Finally, OxFORD Asset Management LLP purchased a new position in Johnson Outdoors during the third quarter valued at $919,000. Institutional investors own 61.31% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Johnson Outdoors Inc. (JOUT) Given Consensus Recommendation of “Buy” by Analysts” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/19/johnson-outdoors-inc-jout-given-consensus-recommendation-of-buy-by-analysts.html.

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.

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.

Latest News

Leave a Reply