Johnson Outdoors (JOUT) PT Raised to $75.00 at Imperial Capital

Johnson Outdoors (NASDAQ:JOUT) had its target price lifted by stock analysts at Imperial Capital from $70.00 to $75.00 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. Imperial Capital’s price target would indicate a potential upside of 15.10% from the stock’s previous close. Imperial Capital also issued estimates for Johnson Outdoors’ Q2 2018 earnings at $1.45 EPS and Q3 2018 earnings at $1.82 EPS.

A number of other equities analysts have also recently weighed in on JOUT. 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, Sidoti initiated coverage on Johnson Outdoors in a report on Friday, January 19th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $73.33.

Johnson Outdoors (NASDAQ JOUT) opened at $65.16 on Wednesday. Johnson Outdoors has a 1-year low of $31.46 and a 1-year high of $76.18. The firm has a market capitalization of $670.37, a price-to-earnings ratio of 20.88 and a beta of 0.56.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings results on Friday, December 8th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. Johnson Outdoors had a return on equity of 15.95% and a net margin of 6.10%. The company had revenue of $91.76 million during the quarter, compared to analysts’ expectations of $81.97 million. research analysts anticipate that Johnson Outdoors will post 3.41 EPS for the current fiscal year.

In related news, VP David W. Johnson sold 1,000 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Case Sheahan sold 4,434 shares of the company’s 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. Corporate insiders own 18.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB acquired a new position in Johnson Outdoors in the second quarter valued at $174,000. Dynamic Technology Lab Private Ltd acquired a new position in Johnson Outdoors in the third quarter valued at $206,000. The Manufacturers Life Insurance Company increased its stake in Johnson Outdoors by 11.4% in the second quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after purchasing an additional 488 shares during the last quarter. Cypress Capital Management LLC WY acquired a new position in Johnson Outdoors in the third quarter valued at $254,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in Johnson Outdoors in the second quarter valued at $278,000. Hedge funds and other institutional investors own 61.66% of the company’s stock.

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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.

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