Bluestein R H & Co. Acquires Shares of 6,500 Johnson Outdoors Inc. (JOUT)
Bluestein R H & Co. acquired a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,500 shares of the company’s stock, valued at approximately $476,000. Bluestein R H & Co. owned 0.07% of Johnson Outdoors at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in JOUT. American International Group Inc. lifted its position in Johnson Outdoors by 7.2% during the first quarter. American International Group Inc. now owns 3,020 shares of the company’s stock valued at $110,000 after purchasing an additional 202 shares during the last quarter. Smith Asset Management Group LP bought a new stake in Johnson Outdoors during the second quarter valued at approximately $149,000. Nordea Investment Management AB bought a new stake in Johnson Outdoors during the second quarter valued at approximately $174,000. ClariVest Asset Management LLC bought a new stake in Johnson Outdoors during the second quarter valued at approximately $174,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Johnson Outdoors during the third quarter valued at approximately $206,000. Institutional investors own 61.31% of the company’s stock.
Shares of Johnson Outdoors Inc. (NASDAQ JOUT) opened at $70.50 on Wednesday. The firm has a market cap of $709.28, a P/E ratio of 25.86 and a beta of 0.67. Johnson Outdoors Inc. has a 1-year low of $31.25 and a 1-year high of $76.18.
In other news, Director Thomas F. Pyle, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $63.16, for a total value of $63,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 3,950 shares of company stock valued at $255,429. Company insiders own 28.42% of the company’s stock.
Several brokerages have issued reports on JOUT. ValuEngine upgraded shares of Johnson Outdoors from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a report on Wednesday, August 9th. BidaskClub upgraded shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Finally, Forward View restated a “buy” rating and issued a $72.00 price objective on shares of Johnson Outdoors in a report on Sunday, September 3rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.00.
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Johnson Outdoors Profile
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.
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