BidaskClub Upgrades Johnson Outdoors (JOUT) to “Sell”

BidaskClub upgraded shares of Johnson Outdoors (NASDAQ:JOUT) from a strong sell rating to a sell rating in a research report released on Friday morning.

Several other research firms have also recently weighed in on JOUT. Imperial Capital raised their price objective on shares of Johnson Outdoors from $95.00 to $110.00 and gave the company an outperform rating in a research report on Wednesday, August 8th. ValuEngine cut shares of Johnson Outdoors from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Sidoti upgraded shares of Johnson Outdoors from a neutral rating to a buy rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research cut shares of Johnson Outdoors from a strong-buy rating to a hold rating in a research report on Wednesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $98.50.

JOUT opened at $70.73 on Friday. The stock has a market capitalization of $711.97 million, a price-to-earnings ratio of 22.96 and a beta of 0.90. Johnson Outdoors has a 1-year low of $59.13 and a 1-year high of $107.36.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Johnson Outdoors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 223,774 shares of the company’s stock valued at $20,809,000 after acquiring an additional 6,500 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Johnson Outdoors by 7.5% during the 3rd quarter. Teachers Advisors LLC now owns 11,193 shares of the company’s stock worth $1,041,000 after buying an additional 779 shares during the period. AQR Capital Management LLC grew its position in shares of Johnson Outdoors by 2.9% during the 3rd quarter. AQR Capital Management LLC now owns 97,289 shares of the company’s stock worth $9,047,000 after buying an additional 2,707 shares during the period. MetLife Investment Advisors LLC grew its position in shares of Johnson Outdoors by 54.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 3,905 shares of the company’s stock worth $363,000 after buying an additional 1,381 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Johnson Outdoors during the 3rd quarter worth approximately $317,000. Hedge funds and other institutional investors own 60.81% of the company’s stock.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing motors for trolling or primary propulsion, 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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