Sidoti assumed coverage on shares of Johnson Outdoors (NASDAQ:JOUT) in a research note issued to investors on Friday morning, The Fly reports. The firm issued a neutral rating on the stock.
A number of other brokerages have also recently issued reports on JOUT. ValuEngine cut Johnson Outdoors from a buy rating to a hold rating in a report on Monday, October 2nd. Zacks Investment Research cut Johnson Outdoors from a strong-buy rating to a hold rating in a report on Tuesday, October 10th. BidaskClub cut Johnson Outdoors from a buy rating to a hold rating in a report on Thursday, January 11th. Finally, Imperial Capital restated an outperform rating and issued a $70.00 price target (up previously from $63.00) on shares of Johnson Outdoors in a report on Friday, December 15th. Three 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’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $71.67.
Shares of Johnson Outdoors (NASDAQ JOUT) traded up $1.15 during trading hours on Friday, hitting $63.76. The stock had a trading volume of 48,358 shares, compared to its average volume of 37,534. Johnson Outdoors has a 1-year low of $31.25 and a 1-year high of $76.18. The stock has a market cap of $625.97, a PE ratio of 18.22 and a beta of 0.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, January 10th. Johnson Outdoors’s dividend payout ratio is presently 11.43%.
In other Johnson Outdoors news, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $62.31, for a total value of $62,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Case Sheahan sold 4,434 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was 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. 28.03% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOUT. Nordea Investment Management AB purchased a new position in shares of Johnson Outdoors during the 2nd quarter valued at approximately $174,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Johnson Outdoors during the 3rd quarter valued at approximately $206,000. First Trust Advisors LP purchased a new position in shares of Johnson Outdoors during the 2nd quarter valued at approximately $226,000. The Manufacturers Life Insurance Company boosted its stake in shares of Johnson Outdoors by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after buying an additional 488 shares during the last quarter. Finally, Cypress Capital Management LLC WY purchased a new position in shares of Johnson Outdoors during the 3rd quarter valued at approximately $254,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Johnson Outdoors (JOUT) Now Covered by Analysts at Sidoti” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://sportsperspectives.com/2018/01/20/johnson-outdoors-jout-now-covered-by-analysts-at-sidoti.html.
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.
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.