Vanguard Group Inc. lifted its stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT) by 14.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 196,830 shares of the company’s stock after acquiring an additional 24,147 shares during the period. Vanguard Group Inc. owned 2.01% of Johnson Outdoors worth $7,184,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Johnson Outdoors by 2.9% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,593 shares of the company’s stock valued at $460,000 after acquiring an additional 360 shares during the period. FMR LLC lifted its position in shares of Johnson Outdoors by 52.8% during the 1st quarter. FMR LLC now owns 138,613 shares of the company’s stock valued at $5,059,000 after acquiring an additional 47,913 shares during the period. AXA lifted its position in shares of Johnson Outdoors by 154.9% during the 1st quarter. AXA now owns 18,861 shares of the company’s stock valued at $688,000 after acquiring an additional 11,461 shares during the period. Argent Capital Management LLC lifted its position in shares of Johnson Outdoors by 2.5% during the 1st quarter. Argent Capital Management LLC now owns 49,825 shares of the company’s stock valued at $1,819,000 after acquiring an additional 1,225 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of Johnson Outdoors by 36.5% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 46,521 shares of the company’s stock valued at $1,697,000 after acquiring an additional 12,433 shares during the period. Institutional investors own 59.48% of the company’s stock.

A number of research analysts recently issued reports on JOUT shares. Forward View reiterated a “buy” rating and set a $72.00 target price on shares of Johnson Outdoors in a research report on Sunday. ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Imperial Capital boosted their target price on shares of Johnson Outdoors from $44.00 to $49.00 and gave the company an “outperform” rating in a research report on Tuesday, May 9th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $67.00.

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In other news, Director Terry E. London sold 1,127 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $59.81, for a total transaction of $67,405.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 28.42% of the company’s stock.

Johnson Outdoors Inc. (NASDAQ:JOUT) traded down 0.12% on Wednesday, reaching $65.23. 13,579 shares of the company’s stock traded hands. Johnson Outdoors Inc. has a 12 month low of $31.25 and a 12 month high of $66.53. The firm’s 50 day moving average price is $57.36 and its 200 day moving average price is $44.78. The company has a market cap of $641.34 million, a PE ratio of 20.15 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, August 4th. The company reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.63. Johnson Outdoors had a net margin of 6.85% and a return on equity of 12.90%. The firm had revenue of $155.27 million for the quarter, compared to analysts’ expectations of $149.29 million. On average, equities analysts expect that Johnson Outdoors Inc. will post $3.49 EPS for the current fiscal year.

Johnson Outdoors Profile

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.

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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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