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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Johnson Outdoors, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Johnson Outdoors wasn’t on the list.
While Johnson Outdoors currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Johnson Outdoors (NASDAQ:JOUT) Stock Rating Upgraded by StockNews.com
