Price Action Alert: What’s Ahead for Johnson Outdoors Inc. After Achieving All Time High?

Price Action Alert: What's Ahead for Johnson Outdoors Inc. After Achieving All Time High?

The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) reached all time high today, Oct, 11 and still has $58.14 target or 57.00% above today’s $37.03 share price. This indicates more upside for the $381.90M company. This technical setup was reported by Barchart.com. If the $58.14 PT is reached, the company will be worth $217.68M 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 2,014 shares traded hands. Johnson Outdoors Inc. (NASDAQ:JOUT) has risen 66.36% since March 8, 2016 and is uptrending. It has outperformed by 57.04% 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. $40 is the highest target while $28.0 is the lowest. The $34 average target is -8.18% below today’s ($37.03) stock price. Johnson Outdoors has been the topic of 2 analyst reports since December 30, 2015 according to StockzIntelligence Inc. Barrington Research maintained it with “Outperform” rating and $28.0 target price in Wednesday, December 30 report. Imperial Capital initiated it with “Outperform” rating and $40 target price in Wednesday, August 24 report.

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 Q2 2016. Its up 0.22, from 1.45 in 2016Q1. The ratio is positive, 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.
Federated Pa has invested 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). Blackrock, a New York-based fund reported 9,730 shares. Ameriprise Fin Incorporated accumulated 134,710 shares or 0% of the stock. Johnson Fin last reported 2.59M shares in the company. Morgan Stanley holds 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 56,806 shares. The California-based First Quadrant L P Ca has invested 0% in Johnson Outdoors Inc. (NASDAQ:JOUT). Hillsdale Investment Mgmt holds 0.09% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 12,100 shares. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Moreover, Deutsche Bank & Trust Ag has 0% invested in Johnson Outdoors Inc. (NASDAQ:JOUT) for 18,504 shares. Renaissance owns 242,400 shares or 0.01% of their US portfolio. Vanguard Group holds 129,530 shares or 0% of its portfolio. Blackrock Inv Ltd Liability Com holds 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 20,816 shares. California State Teachers Retirement System last reported 10,280 shares in the company. Blackrock Japan Limited, a Japan-based fund reported 1,760 shares. Tower Research Capital Limited Liability (Trc) last reported 446 shares in the company.

Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 2 sales for $192,174 net activity. 3,000 shares were sold by Johnson David W, worth $85,585 on Wednesday, August 10.

More notable recent Johnson Outdoors Inc. (NASDAQ:JOUT) news were published by: Nasdaq.com which released: “Johnson Outdoors Inc. (JOUT) Ex-Dividend Date Scheduled for October 11, 2016” on October 10, 2016, also Bizjournals.com with their article: “Johnson Outdoors announces board change, increases dividend” published on September 29, 2016, Marketwatch.com published: “Johnson Outdoors Inc. Cl A” on April 30, 2010. More interesting news about Johnson Outdoors Inc. (NASDAQ:JOUT) were released by: Fool.com and their article: “Why Johnson Outdoors Inc. Stock Dropped 24% in May” published on June 05, 2015 as well as Biztimes.com‘s news article titled: “Johnson Outdoors settles sonar suit with Garmin” with publication date: May 06, 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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