The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) reached all time high today, Nov, 29 and still has $47.12 target or 9.00% above today’s $43.23 share price. This indicates more upside for the $443.82 million company. This technical setup was reported by Barchart.com. If the $47.12 PT is reached, the company will be worth $39.94 million 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 14,781 shares traded hands. Johnson Outdoors Inc. (NASDAQ:JOUT) has risen 87.98% since April 26, 2016 and is uptrending. It has outperformed by 82.72% the S&P500.
Analysts await Johnson Outdoors Inc. (NASDAQ:JOUT) to report earnings on December, 5. They expect $0.02 EPS, down 83.33% or $0.10 from last year’s $0.12 per share. JOUT’s profit will be $205,330 for 540.38 P/E if the $0.02 EPS becomes a reality. After $0.68 actual EPS 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. Barrington Research maintained Johnson Outdoors Inc. (NASDAQ:JOUT) rating on Wednesday, December 30. Barrington Research has “Outperform” rating and $28.0 price target. The rating was initiated by Imperial Capital with “Outperform” on Wednesday, August 24.
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 2016 Q2. Its up 0.37, from 1.67 in 2016Q1. The ratio increased, 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.
Boston owns 93,193 shares or 0% of their US portfolio. Bridgeway Cap Mgmt last reported 0.06% of its portfolio in the stock. Acadian Asset Mngmt Ltd Liability Co holds 0% or 33,494 shares in its portfolio. Spark Investment Mgmt Limited Liability Com holds 0.07% or 30,100 shares in its portfolio. Pnc Financial Services Group holds 57 shares or 0% of its portfolio. Tower Cap Limited Liability Company (Trc) has 0% invested in the company for 446 shares. The Wisconsin-based Morgan Dempsey Capital Mngmt Lc has invested 1.47% in Johnson Outdoors Inc. (NASDAQ:JOUT). Jpmorgan Chase & holds 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 2,127 shares. Fmr Llc has invested 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). First Manhattan last reported 0% of its portfolio in the stock. Wells Fargo Mn holds 37,685 shares or 0% of its portfolio. The Florida-based Ladenburg Thalmann Finance has invested 0% in Johnson Outdoors Inc. (NASDAQ:JOUT). Bnp Paribas Arbitrage holds 165 shares or 0% of its portfolio. Vanguard Grp Inc owns 129,530 shares or 0% of their US portfolio. Hillsdale Investment Mngmt has 12,100 shares for 0.09% of their US portfolio.
Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 2 sales for $192,174 net activity. The insider Johnson David W sold 3,000 shares worth $85,585.
More important 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 published article titled: “Why Johnson Outdoors Inc. Stock Dropped 24% in May”, Bizjournals.com published: “Johnson Outdoors announces board change, increases dividend” on September 29, 2016. More interesting news about Johnson Outdoors Inc. (NASDAQ:JOUT) was released by: Seekingalpha.com and their article: “Johnson Outdoors’ (JOUT) CEO Helen Johnson-Leipold on Q3 2016 Results …” with publication date: August 08, 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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