The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) reached all time high today, Nov, 14 and still has $76.29 target or 98.00% above today’s $38.53 share price. This indicates more upside for the $392.03 million company. This technical setup was reported by Barchart.com. If the $76.29 PT is reached, the company will be worth $384.19M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 36,924 shares traded hands or 12.62% up from the average. Johnson Outdoors Inc. (NASDAQ:JOUT) has risen 83.55% since April 12, 2016 and is uptrending. It has outperformed by 78.57% the S&P500.
Analysts await Johnson Outdoors Inc. (NASDAQ:JOUT) to report earnings on December, 5.
Johnson Outdoors Inc. (NASDAQ:JOUT) Ratings Coverage
Out of 2 analysts covering Johnson Outdoors (NASDAQ:JOUT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Johnson Outdoors has been the topic of 2 analyst reports since December 30, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, December 30 by Barrington Research. The company was initiated on Wednesday, August 24 by Imperial Capital.
According to Zacks Investment Research, “Johnson Outdoors Inc. is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors’ familiar brands include, among others: Old Town canoes and kayaks; Ocean Kayak and Necky kayaks; Lendal paddles; Escape electric boats; Minn Kota motors; Cannon downriggers; Humminbird, Bottom Line and Fishin’ Buddy fishfinders; Scubapro and UWATEC dive equipment; Silva compasses and digital instruments; and Eureka! tents.”
Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 0.22, from 1.45 in 2016Q1. The ratio improved, as 6 funds sold all Johnson Outdoors Inc. shares owned while 18 reduced positions. 12 funds bought stakes while 28 increased positions. They now own 6.19 million shares or 0.99% more from 6.12 million shares in 2016Q1.
Morgan Dempsey Capital Mngmt Ltd Co has 168,446 shares for 1.47% of their US portfolio. Manufacturers Life Company The last reported 3,568 shares in the company. Citigroup Inc owns 1,081 shares or 0% of their US portfolio. Deutsche Financial Bank Ag accumulated 18,504 shares or 0% of the stock. Jpmorgan Chase & has 2,127 shares for 0% of their US portfolio. Argent Cap has 34,260 shares for 0.04% of their US portfolio. The California-based First Quadrant L P Ca has invested 0% in Johnson Outdoors Inc. (NASDAQ:JOUT). Blackrock Fund Advisors owns 128,978 shares or 0% of their US portfolio. Tiaa Cref Mgmt Limited Liability holds 17,653 shares or 0% of its portfolio. State Street Corporation last reported 86,814 shares in the company. Johnson Finance Gru has invested 9.23% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). Blackrock Group Ltd has 12,213 shares for 0% of their US portfolio. Fuller & Thaler Asset Mngmt Incorporated accumulated 0% or 1,400 shares. Lsv Asset Management accumulated 161,991 shares or 0.01% of the stock. Financial Bank Of America De last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 2 selling transactions for $192,174 net activity. Johnson David W also sold $85,585 worth of Johnson Outdoors Inc. (NASDAQ:JOUT) shares.
More notable recent Johnson Outdoors Inc. (NASDAQ:JOUT) news were published by: Marketwatch.com which released: “Johnson Outdoors Inc. Cl A” on April 30, 2010, also Fool.com with their article: “Why Johnson Outdoors Inc. Stock Dropped 24% in May” published on June 05, 2015, Bizjournals.com published: “Johnson Outdoors announces board change, increases dividend” on September 29, 2016. More interesting news about Johnson Outdoors Inc. (NASDAQ:JOUT) were released by: Biztimes.com and their article: “Johnson Outdoors settles sonar suit with Garmin” published on May 06, 2016 as well as Nasdaq.com‘s news article titled: “Johnson Outdoors Inc. (JOUT) Ex-Dividend Date Scheduled for October 11, 2016” with publication date: October 10, 2016.
JOUT Company Profile
Johnson Outdoors Inc., incorporated on August 21, 1987, is a maker and marketer of branded seasonal, outdoor recreation products. The Firm operates through four divisions: Marine Electronics, Outdoor Equipment, Watercraft and Diving. The Company’s products are used for fishing from a boat, diving, paddling, hiking and camping.
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