Johnson Outdoors (NASDAQ:JOUT) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Other analysts also recently issued reports about the stock. Sidoti upgraded shares of Johnson Outdoors from a “neutral” rating to a “buy” rating in a report on Tuesday, August 7th. Imperial Capital lifted their price target on shares of Johnson Outdoors from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Johnson Outdoors currently has a consensus rating of “Buy” and a consensus target price of $98.50.
Shares of NASDAQ JOUT opened at $103.09 on Wednesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.34 and a beta of 0.62. Johnson Outdoors has a 52-week low of $59.13 and a 52-week high of $107.36.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.41. The company had revenue of $170.78 million for the quarter, compared to the consensus estimate of $160.86 million. Johnson Outdoors had a net margin of 8.48% and a return on equity of 20.47%. equities research analysts predict that Johnson Outdoors will post 5.15 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Johnson Outdoors in the 2nd quarter worth about $123,000. Stratos Wealth Partners LTD. bought a new stake in shares of Johnson Outdoors in the 1st quarter worth about $109,000. Victory Capital Management Inc. bought a new stake in shares of Johnson Outdoors in the 1st quarter worth about $180,000. AMP Capital Investors Ltd bought a new stake in shares of Johnson Outdoors in the 2nd quarter worth about $248,000. Finally, Paloma Partners Management Co bought a new stake in shares of Johnson Outdoors in the 2nd quarter worth about $251,000. Hedge funds and other institutional investors own 62.77% of the company’s stock.
About Johnson Outdoors
Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.
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