Johnson Outdoors (NASDAQ:JOUT) Upgraded by StockNews.com to “Buy”

Johnson Outdoors (NASDAQ:JOUT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Johnson Outdoors Stock Performance

JOUT opened at $52.11 on Friday. The company has a 50-day moving average of $51.86 and a 200-day moving average of $56.38. The company has a market capitalization of $534.18 million, a P/E ratio of 11.82, a PEG ratio of 0.93 and a beta of 0.80. Johnson Outdoors has a 1-year low of $47.00 and a 1-year high of $71.88.

Insider Transactions at Johnson Outdoors

In other Johnson Outdoors news, CFO David W. Johnson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $54.85, for a total transaction of $54,850.00. Following the completion of the transaction, the chief financial officer now directly owns 26,857 shares of the company’s stock, valued at approximately $1,473,106.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.53% of the company’s stock.

Institutional Trading of Johnson Outdoors

A number of hedge funds and other institutional investors have recently made changes to their positions in JOUT. Swiss National Bank raised its holdings in shares of Johnson Outdoors by 7.0% in the 1st quarter. Swiss National Bank now owns 13,700 shares of the company’s stock worth $1,065,000 after purchasing an additional 900 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Johnson Outdoors by 27.4% during the first quarter. Raymond James & Associates now owns 4,742 shares of the company’s stock valued at $369,000 after acquiring an additional 1,020 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Johnson Outdoors by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 41,427 shares of the company’s stock valued at $3,221,000 after acquiring an additional 1,580 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Johnson Outdoors by 54.6% during the first quarter. MetLife Investment Management LLC now owns 2,659 shares of the company’s stock valued at $207,000 after acquiring an additional 939 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Johnson Outdoors by 0.3% during the first quarter. BlackRock Inc. now owns 459,019 shares of the company’s stock valued at $35,680,000 after acquiring an additional 1,413 shares during the period. 60.10% of the stock is currently owned by institutional investors.

Johnson Outdoors Company Profile

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.