Johnson Outdoors (JOUT) Now Covered by Analysts at Sidoti

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.

Johnson Outdoors (NASDAQ:JOUT) last issued 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 predict that Johnson Outdoors will post 3.27 earnings per share for the current fiscal year.

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.

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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.

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