Johnson Outdoors (NASDAQ:JOUT) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

Johnson Outdoors (NASDAQ:JOUT – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

JOUT has been the subject of several other reports. Zacks Research cut shares of Johnson Outdoors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Johnson Outdoors in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Johnson Outdoors currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on Johnson Outdoors

Johnson Outdoors Stock Down 1.0%

JOUT opened at $40.35 on Friday. The business has a fifty day moving average of $40.69 and a 200 day moving average of $32.65. The stock has a market cap of $418.43 million, a P/E ratio of -10.43, a PEG ratio of 2.74 and a beta of 0.85. Johnson Outdoors has a 52-week low of $21.33 and a 52-week high of $43.37.

Johnson Outdoors (NASDAQ:JOUT – Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.51. The business had revenue of $180.66 million for the quarter, compared to analyst estimates of $172.98 million. Johnson Outdoors had a negative return on equity of 8.80% and a negative net margin of 7.02%. Equities analysts anticipate that Johnson Outdoors will post -0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Johnson Outdoors

A number of hedge funds and other institutional investors have recently modified their holdings of JOUT. Rhumbline Advisers raised its stake in shares of Johnson Outdoors by 3.7% in the second quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock worth $244,000 after purchasing an additional 289 shares during the last quarter. CWM LLC lifted its stake in shares of Johnson Outdoors by 9.8% in the 3rd quarter. CWM LLC now owns 4,454 shares of the company’s stock valued at $180,000 after purchasing an additional 398 shares during the period. Sei Investments Co. boosted its stake in shares of Johnson Outdoors by 5.8% during the 2nd quarter. Sei Investments Co. now owns 11,409 shares of the company’s stock worth $345,000 after acquiring an additional 622 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Johnson Outdoors by 1,175.7% during the second quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock worth $27,000 after purchasing an additional 823 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Johnson Outdoors by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 56,022 shares of the company’s stock valued at $1,696,000 after buying an additional 1,190 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors.

About Johnson Outdoors

(Get Free Report)

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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