Sidoti Begins Coverage on Johnson Outdoors (JOUT)

Stock analysts at Sidoti initiated coverage on shares of Johnson Outdoors (NASDAQ:JOUT) in a research note issued to investors on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.

Several other equities analysts have also recently weighed in on JOUT. ValuEngine cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Imperial Capital reiterated an “outperform” rating and issued a $70.00 price target (up from $63.00) on shares of Johnson Outdoors in a research report on Friday, December 15th. Finally, BidaskClub cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Johnson Outdoors presently has a consensus rating of “Buy” and a consensus price target of $71.67.

Johnson Outdoors (NASDAQ:JOUT) traded up $1.15 during trading hours on Friday, reaching $63.76. The company’s stock had a trading volume of 48,027 shares, compared to its average volume of 48,667. Johnson Outdoors has a twelve month low of $31.25 and a twelve month high of $76.18. The stock has a market capitalization of $637.55, a P/E ratio of 17.96 and a beta of 0.67.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, December 8th. The company reported $0.06 earnings per share (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%. equities analysts forecast that Johnson Outdoors will post 3.27 earnings per share for the current fiscal year.

In related news, Director Richard Case Sheahan sold 4,434 shares of Johnson Outdoors stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total transaction of $273,356.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction on Monday, January 8th. The shares were sold at an average price of $62.31, for a total value of $62,310.00. The disclosure for this sale can be found here. 28.03% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. lifted its stake in Johnson Outdoors by 6.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 49,421 shares of the company’s stock worth $3,620,000 after purchasing an additional 3,100 shares during the last quarter. First Quadrant L P CA bought a new stake in Johnson Outdoors during the third quarter worth about $1,077,000. Northern Trust Corp lifted its stake in Johnson Outdoors by 5.9% during the second quarter. Northern Trust Corp now owns 77,877 shares of the company’s stock worth $3,754,000 after purchasing an additional 4,339 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in Johnson Outdoors during the third quarter worth about $669,000. Finally, Goldman Sachs Group Inc. lifted its stake in Johnson Outdoors by 182.8% during the second quarter. Goldman Sachs Group Inc. now owns 18,323 shares of the company’s stock worth $883,000 after purchasing an additional 11,843 shares during the last quarter. 61.31% of the stock is owned by institutional investors.

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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.

The Fly

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