Johnson Outdoors (NASDAQ:JOUT – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Johnson Outdoors Stock Performance
NASDAQ:JOUT traded up $0.31 during trading hours on Thursday, reaching $68.31. The stock had a trading volume of 44,300 shares, compared to its average volume of 47,675. Johnson Outdoors has a 52 week low of $46.30 and a 52 week high of $91.78. The company has a 50 day moving average price of $61.48 and a two-hundred day moving average price of $60.01. The stock has a market capitalization of $696.28 million, a PE ratio of 15.63 and a beta of 0.83.
Institutional Trading of Johnson Outdoors
A number of large investors have recently added to or reduced their stakes in JOUT. Dimensional Fund Advisors LP increased its position in shares of Johnson Outdoors by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 604,076 shares of the company’s stock valued at $30,996,000 after purchasing an additional 10,017 shares during the last quarter. Royce & Associates LP increased its position in shares of Johnson Outdoors by 0.9% during the 3rd quarter. Royce & Associates LP now owns 524,500 shares of the company’s stock valued at $26,912,000 after purchasing an additional 4,500 shares during the last quarter. BlackRock Inc. increased its position in shares of Johnson Outdoors by 0.3% during the 1st quarter. BlackRock Inc. now owns 459,019 shares of the company’s stock valued at $35,680,000 after purchasing an additional 1,413 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Johnson Outdoors by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 295,059 shares of the company’s stock valued at $22,935,000 after purchasing an additional 4,254 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Johnson Outdoors by 38.5% during the 3rd quarter. First Trust Advisors LP now owns 174,164 shares of the company’s stock valued at $8,936,000 after purchasing an additional 48,419 shares during the last quarter. Institutional investors own 60.15% of the company’s stock.
About Johnson Outdoors
Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.
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