Price Action Alert: Johnson Outdoors Inc. Sets 52-Week High; Strong Momentum for Holders

Price Action Alert: Johnson Outdoors Inc. Sets 52 Week High; Strong Momentum for Holders

The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) hit a new 52-week high and has $82.88 target or 114.00% above today’s $38.73 share price. The 9 months bullish chart indicates low risk for the $412.00M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $82.88 price target is reached, the company will be worth $469.68 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 37,629 shares traded hands or 15.42% up from the average. Johnson Outdoors Inc. (NASDAQ:JOUT) has risen 79.73% since April 11, 2016 and is uptrending. It has outperformed by 73.58% 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. As per Wednesday, August 24, the company rating was initiated by Imperial Capital. The rating was maintained by Barrington Research with “Outperform” on Wednesday, December 30.

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 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.
Eagle Glob Advisors Ltd Liability owns 12,582 shares or 0.01% of their US portfolio. The Ohio-based Strs Ohio has invested 0% in Johnson Outdoors Inc. (NASDAQ:JOUT). Ladenburg Thalmann Svcs last reported 200 shares in the company. State Street Corporation accumulated 86,814 shares or 0% of the stock. Bnp Paribas Arbitrage holds 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 165 shares. First Quadrant Lp Ca has 0% invested in the company for 600 shares. Chicago Equity Prtn Lc has invested 0.02% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). New York State Common Retirement Fund holds 0% or 4,600 shares in its portfolio. Denali Advsrs Ltd Co owns 47 shares or 0% of their US portfolio. Dimensional Fund Advsrs L P last reported 0.01% of its portfolio in the stock. Tiaa Cref Management Lc has 17,653 shares for 0% of their US portfolio. Moreover, Pnc Svcs Inc has 0% invested in Johnson Outdoors Inc. (NASDAQ:JOUT) for 57 shares. Nationwide Fund reported 23,882 shares or 0% of all its holdings. Geode Capital Mgmt Limited Liability Corporation accumulated 0% or 49,273 shares. Us Bancshares De has invested 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT).

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 2 insider sales for $192,174 net activity. Johnson David W had sold 3,000 shares worth $106,589.

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, Biztimes.com published: “Johnson Outdoors settles sonar suit with Garmin” on May 06, 2016. More interesting news about Johnson Outdoors Inc. (NASDAQ:JOUT) were released by: Nasdaq.com and their article: “Johnson Outdoors Inc. (JOUT) Ex-Dividend Date Scheduled for October 11, 2016” published on October 10, 2016 as well as Bizjournals.com‘s news article titled: “Johnson Outdoors announces board change, increases dividend” with publication date: September 29, 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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