Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price target of $67.50 for the company and are forecasting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also given Johnson Outdoors an industry rank of 21 out of 265 based on the ratings given to its competitors.

Several research analysts recently commented on JOUT shares. ValuEngine raised shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Forward View reissued a “buy” rating and issued a $72.00 price target on shares of Johnson Outdoors in a report on Sunday, September 3rd. Finally, Zacks Investment Research downgraded shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th.

Johnson Outdoors (JOUT) traded down $10.90 on Wednesday, reaching $61.91. 221,714 shares of the company traded hands, compared to its average volume of 38,068. The company has a market cap of $727.74, a P/E ratio of 26.00 and a beta of 0.67. Johnson Outdoors has a 52 week low of $31.25 and a 52 week high of $76.18.

In other Johnson Outdoors news, Director Thomas F. Pyle, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $63.16, for a total value of $63,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 3,950 shares of company stock valued at $255,429. Insiders own 28.03% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Algert Global LLC raised its position in shares of Johnson Outdoors by 8.4% during the 3rd quarter. Algert Global LLC now owns 26,907 shares of the company’s stock valued at $1,972,000 after buying an additional 2,075 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Johnson Outdoors by 9.9% during the 3rd quarter. California Public Employees Retirement System now owns 27,152 shares of the company’s stock valued at $1,990,000 after buying an additional 2,452 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Johnson Outdoors during the 3rd quarter valued at $325,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of Johnson Outdoors by 6.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 49,421 shares of the company’s stock valued at $3,620,000 after buying an additional 3,100 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in shares of Johnson Outdoors during the 3rd quarter valued at $669,000. Hedge funds and other institutional investors own 61.31% of the company’s stock.

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About Johnson Outdoors

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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