Johnson Outdoors (NASDAQ:JOUT) Rating Lowered to Buy at Wall Street Zen

Johnson Outdoors (NASDAQ:JOUT) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research firms also recently weighed in on JOUT. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Johnson Outdoors in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Johnson Outdoors currently has an average rating of “Reduce”.

Johnson Outdoors Trading Up 0.1%

Shares of NASDAQ JOUT opened at $40.96 on Friday. The company has a fifty day moving average price of $40.71 and a 200 day moving average price of $36.73. The firm has a market cap of $424.76 million, a PE ratio of -10.58, a PEG ratio of 2.79 and a beta of 0.99. Johnson Outdoors has a 1-year low of $21.33 and a 1-year high of $44.44.

Hedge Funds Weigh In On Johnson Outdoors

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of Johnson Outdoors by 3.7% during the second quarter. Rhumbline Advisers now owns 8,066 shares of the company’s stock valued at $244,000 after acquiring an additional 289 shares during the last quarter. CWM LLC increased its holdings in Johnson Outdoors by 9.8% during the 3rd quarter. CWM LLC now owns 4,454 shares of the company’s stock worth $180,000 after acquiring an additional 398 shares during the period. Sei Investments Co. raised its holdings in shares of Johnson Outdoors by 5.8% in the 2nd quarter. Sei Investments Co. now owns 11,409 shares of the company’s stock valued at $345,000 after acquiring an additional 622 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Johnson Outdoors by 1,175.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 893 shares of the company’s stock worth $27,000 after acquiring an additional 823 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in Johnson Outdoors by 4.5% in the third quarter. Gabelli Funds LLC now owns 23,036 shares of the company’s stock worth $930,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 64.05% of the company’s stock.

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.