Other equities research analysts have also recently issued reports about the stock. Imperial Capital decreased their price objective on shares of Johnson Outdoors from $95.00 to $80.00 and set an outperform rating for the company in a research report on Tuesday, August 6th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Johnson Outdoors from a hold rating to a sell rating in a research report on Friday, August 9th. Sidoti cut shares of Johnson Outdoors from a buy rating to a neutral rating and decreased their price objective for the stock from $102.00 to $80.00 in a research report on Monday, July 15th. Finally, ValuEngine cut shares of Johnson Outdoors from a hold rating to a sell rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $79.00.
Johnson Outdoors stock opened at $59.89 on Friday. The stock has a market cap of $620.02 million, a P/E ratio of 12.77 and a beta of 0.94. The company has a fifty day simple moving average of $59.28 and a 200-day simple moving average of $70.50. Johnson Outdoors has a 12-month low of $54.12 and a 12-month high of $103.59.
In related news, CFO David W. Johnson sold 1,000 shares of Johnson Outdoors stock in a transaction on Friday, August 9th. The shares were sold at an average price of $60.39, for a total transaction of $60,390.00. Following the sale, the chief financial officer now directly owns 13,958 shares in the company, valued at approximately $842,923.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.60% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in JOUT. BNP Paribas Arbitrage SA raised its stake in Johnson Outdoors by 3,187.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,019 shares of the company’s stock worth $73,000 after acquiring an additional 988 shares in the last quarter. Systematic Financial Management LP acquired a new stake in Johnson Outdoors during the 2nd quarter worth $75,000. Meeder Asset Management Inc. raised its stake in Johnson Outdoors by 5,894.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,139 shares of the company’s stock worth $85,000 after acquiring an additional 1,120 shares in the last quarter. Aperio Group LLC acquired a new position in Johnson Outdoors in the second quarter valued at $102,000. Finally, Alberta Investment Management Corp acquired a new position in Johnson Outdoors in the second quarter valued at $216,000. Hedge funds and other institutional investors own 63.47% of the company’s stock.
Johnson Outdoors Company Profile
Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric 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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