Johnson Outdoors (JOUT) was Initiated by Imperial Capital to “Outperform” and the brokerage firm has set the Price Target at $40. Imperial Capital advised their investors in a research report released on Aug 24, 2016.
Johnson Outdoors opened for trading at $29 and hit $29.399 on the upside on Tuesday, eventually ending the session at $29.09, with a gain of 0.83% or 0.24 points. The heightened volatility saw the trading volume jump to 54,469 shares. Company has a market cap of $292 M.
In a different news, on Aug 11, 2016, David W Johnson (VP & Chief Financial Officer) sold 3,000 shares at $28.53 per share price.
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal outdoor recreation products used primarily for fishing from a boat diving paddling hiking and camping. The Company operates in four segments which include Marine Electronics Outdoor Equipment Watercraft and Diving. The Marine Electronic segment includes the brands Minn Kota Humminbird and Cannon. The Outdoor Equipment segment includes the brands Eureka! Jetboil Silva and Tech40. The Watercraft segment sells kayaks and canoes under the brand names Old Town Ocean Kayak Necky kayaks Carlisle paddles and Extrasport personal flotation devices. The diving segment sells underwater diving products under SCUBAPRO and SUBGEAR brand names.