The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) hit a new 52-week high and has $44.87 target or 3.00% above today’s $43.56 share price. The 5 months bullish chart indicates low risk for the $434.72 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $44.87 price target is reached, the company will be worth $13.04 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,442 shares traded hands. Johnson Outdoors Inc. (NASDAQ:JOUT) has risen 90.41% since April 25, 2016 and is uptrending. It has outperformed by 84.40% the S&P500.
Analysts await Johnson Outdoors Inc. (NASDAQ:JOUT) to report earnings on December, 5. They expect $0.02 earnings per share, down 83.33% or $0.10 from last year’s $0.12 per share. JOUT’s profit will be $199,596 for 544.50 P/E if the $0.02 EPS becomes a reality. After $0.68 actual earnings per share reported by Johnson Outdoors Inc. for the previous quarter, Wall Street now forecasts -97.06% negative EPS growth.
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. As per Wednesday, August 24, the company rating was initiated by Imperial Capital. The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) has “Outperform” rating given on Wednesday, December 30 by Barrington Research.
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 2.04 in Q2 2016. Its up 0.37, from 1.67 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.
Vanguard Gp Incorporated last reported 0% of its portfolio in the stock. Moreover, Renaissance Tech Ltd Co has 0.01% invested in Johnson Outdoors Inc. (NASDAQ:JOUT) for 242,400 shares. Comml Bank Of Mellon Corporation owns 41,344 shares or 0% of their US portfolio. California State Teachers Retirement has 10,280 shares for 0% of their US portfolio. State Street accumulated 0% or 86,814 shares. Blackrock Japan last reported 0% of its portfolio in the stock. Fuller And Thaler Asset holds 1,400 shares or 0% of its portfolio. Ameriprise Financial Inc reported 134,710 shares or 0% of all its holdings. Manufacturers Life Insur The has 3,568 shares for 0% of their US portfolio. Amer International Group Inc accumulated 0% or 2,822 shares. Pnc Financial Svcs Group Inc owns 57 shares or 0% of their US portfolio. Geode Mngmt Ltd Liability has 49,273 shares for 0% of their US portfolio. Moreover, Deere And Comm has 0.02% invested in Johnson Outdoors Inc. (NASDAQ:JOUT) for 11,314 shares. Us Bank De holds 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 34,046 shares. Thomson Horstmann Bryant holds 0.74% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 222,116 shares.
Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 2 sales for $192,174 net activity. Johnson David W sold 3,000 shares worth $85,585.
More notable recent Johnson Outdoors Inc. (NASDAQ:JOUT) news were published by: Marketwatch.com which released: “Johnson Outdoors started at outperform with $40 stock price target at Imperial …” 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: Seekingalpha.com and their article: “Johnson Outdoors’ (JOUT) CEO Helen Johnson-Leipold on Q3 2016 Results …” published on August 08, 2016 as well as Benzinga.com‘s news article titled: “Johnson Outdoors A Buy At Imperial Capital, Sees Single-Time Costs Diminishing” with publication date: August 24, 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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