Johnson Outdoors (NASDAQ:JOUT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, March 21st. The brokerage currently has a $75.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 13.09% from the stock’s current price.
According to Zacks, “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. “
JOUT has been the topic of several other reports. BidaskClub lowered shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Imperial Capital raised their price objective on shares of Johnson Outdoors from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Sidoti began coverage on shares of Johnson Outdoors in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Johnson Outdoors has an average rating of “Hold” and a consensus target price of $74.00.
Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.63. Johnson Outdoors had a net margin of 6.10% and a return on equity of 15.95%. The firm had revenue of $116.58 million for the quarter, compared to analyst estimates of $97.22 million. equities research analysts expect that Johnson Outdoors will post 3.83 EPS for the current year.
Several large investors have recently modified their holdings of JOUT. MetLife Investment Advisors LLC purchased a new stake in shares of Johnson Outdoors in the fourth quarter valued at about $157,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Johnson Outdoors in the third quarter valued at about $206,000. Paloma Partners Management Co purchased a new stake in shares of Johnson Outdoors in the fourth quarter valued at about $207,000. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 acquiring an additional 488 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Johnson Outdoors by 38.4% in the fourth quarter. Bank of Montreal Can now owns 4,521 shares of the company’s stock valued at $281,000 after acquiring an additional 1,255 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://stocknewstimes.com/2018/04/16/johnson-outdoors-jout-stock-rating-upgraded-by-zacks-investment-research.html.
Johnson Outdoors Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Johnson Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.