Credit Suisse AG increased its holdings in Johnson Outdoors Inc. (NASDAQ:JOUT) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,711 shares of the company’s stock after purchasing an additional 586 shares during the period. Credit Suisse AG owned approximately 0.07% of Johnson Outdoors worth $245,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in Johnson Outdoors by 5.0% during the first quarter. Renaissance Technologies LLC now owns 280,700 shares of the company’s stock valued at $10,246,000 after acquiring an additional 13,300 shares during the last quarter. LSV Asset Management increased its position in Johnson Outdoors by 31.9% during the first quarter. LSV Asset Management now owns 243,295 shares of the company’s stock valued at $8,880,000 after acquiring an additional 58,788 shares during the last quarter. Vanguard Group Inc. increased its position in Johnson Outdoors by 14.0% during the first quarter. Vanguard Group Inc. now owns 196,830 shares of the company’s stock valued at $7,184,000 after acquiring an additional 24,147 shares during the last quarter. FMR LLC increased its position in Johnson Outdoors by 52.8% during the first 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 last quarter. Finally, Geode Capital Management LLC increased its position in Johnson Outdoors by 29.8% during the first quarter. Geode Capital Management LLC now owns 55,644 shares of the company’s stock valued at $2,030,000 after acquiring an additional 12,771 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.
In other news, Director Thomas F. Pyle, Jr. sold 1,950 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $64.23, for a total value of $125,248.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Terry E. London sold 1,127 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $59.81, for a total value of $67,405.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,077 shares of company stock valued at $255,814. Insiders own 28.03% of the company’s stock.
A number of research analysts have weighed in on JOUT shares. Forward View reiterated a “buy” rating and set a $72.00 price objective on shares of Johnson Outdoors in a research report on Sunday, September 3rd. ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Imperial Capital upped their price target on shares of Johnson Outdoors from $49.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Johnson Outdoors currently has an average rating of “Buy” and an average price target of $67.00.
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Shares of Johnson Outdoors Inc. (NASDAQ:JOUT) opened at 66.64 on Friday. The company has a 50-day moving average of $61.60 and a 200-day moving average of $46.85. Johnson Outdoors Inc. has a 1-year low of $31.25 and a 1-year high of $67.09. The stock has a market capitalization of $655.20 million, a price-to-earnings ratio of 20.58 and a beta of 0.74.
Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Friday, August 4th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.63. Johnson Outdoors had a return on equity of 12.90% and a net margin of 6.85%. The business had revenue of $155.27 million during the quarter, compared to analyst estimates of $149.29 million. On average, equities research analysts expect that Johnson Outdoors Inc. will post $3.49 EPS for the current fiscal year.
Johnson Outdoors Company 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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