The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) hit a new 52-week high and has $89.48 target or 108.00% above today’s $43.02 share price. The 9 months bullish chart indicates low risk for the $450.91 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $89.48 price target is reached, the company will be worth $486.98M 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. The stock increased 7.26% or $2.91 during the last trading session, hitting $43.02. About 64,170 shares traded hands or 96.42% up from the average. Johnson Outdoors Inc. (NASDAQ:JOUT) has risen 86.91% since April 15, 2016 and is uptrending. It has outperformed by 82.28% 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 stock of Johnson Outdoors Inc. (NASDAQ:JOUT) earned “Outperform” rating by Imperial Capital on Wednesday, August 24. Barrington Research maintained Johnson Outdoors Inc. (NASDAQ:JOUT) rating on Wednesday, December 30. Barrington Research has “Outperform” rating and $28.0 price target.
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.
Teachers Advsr holds 0% or 7,766 shares in its portfolio. Nationwide Fund accumulated 0% or 23,882 shares. Walleye Trading Ltd, a Minnesota-based fund reported 6,500 shares. Jpmorgan Chase & Com holds 2,127 shares or 0% of its portfolio. Dimensional Fund Advsrs L P, a Texas-based fund reported 747,768 shares. First Manhattan owns 400 shares or 0% of their US portfolio. Acadian Asset Limited Liability has invested 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). Tfs Capital Ltd has invested 0.08% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). Eagle Glob Advsr Lc last reported 12,582 shares in the company. California Pub Employees Retirement accumulated 0% or 26,200 shares. Deere And Communications has 0.02% invested in the company for 11,314 shares. Moreover, Fuller And Thaler Asset Mngmt has 0% invested in Johnson Outdoors Inc. (NASDAQ:JOUT) for 1,400 shares. Thomson Horstmann Bryant has invested 0.74% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). Blackrock Inv Mgmt Ltd Liability Co last reported 20,816 shares in the company. Ny State Common Retirement Fund holds 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 4,600 shares.
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 on Wednesday, September 7.
More notable recent Johnson Outdoors Inc. (NASDAQ:JOUT) news were published by: Fool.com which released: “Why Johnson Outdoors Inc. Stock Dropped 24% in May” on June 05, 2015, also Marketwatch.com with their article: “Johnson Outdoors Inc. Cl A” published on April 30, 2010, 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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