Acuitas Investments LLC Acquires Shares of 43,298 Johnson Outdoors Inc. (NASDAQ:JOUT)

Acuitas Investments LLC acquired a new stake in shares of Johnson Outdoors Inc. (NASDAQ:JOUT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 43,298 shares of the company's stock, valued at approximately $1,515,000. Acuitas Investments LLC owned about 0.42% of Johnson Outdoors as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Gamco Investors INC. ET AL grew its position in Johnson Outdoors by 39.5% during the first quarter. Gamco Investors INC. ET AL now owns 248,300 shares of the company's stock valued at $11,449,000 after buying an additional 70,300 shares during the period. International Assets Investment Management LLC bought a new stake in Johnson Outdoors during the fourth quarter valued at approximately $2,996,000. Skylands Capital LLC grew its position in Johnson Outdoors by 43.7% during the second quarter. Skylands Capital LLC now owns 161,900 shares of the company's stock valued at $5,663,000 after buying an additional 49,200 shares during the period. Vanguard Group Inc. grew its position in Johnson Outdoors by 13.9% during the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company's stock valued at $15,959,000 after buying an additional 42,314 shares during the period. Finally, Kennedy Capital Management LLC grew its position in Johnson Outdoors by 66.1% during the first quarter. Kennedy Capital Management LLC now owns 73,026 shares of the company's stock valued at $3,367,000 after buying an additional 29,065 shares during the period. 64.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Johnson Outdoors from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.

Johnson Outdoors Stock Performance

Shares of JOUT traded down $1.02 during mid-day trading on Friday, reaching $35.78. The stock had a trading volume of 33,768 shares, compared to its average volume of 53,578. The firm has a market cap of $368.57 million, a price-to-earnings ratio of 76.26, a PEG ratio of 36.68 and a beta of 0.74. Johnson Outdoors Inc. has a 12 month low of $32.79 and a 12 month high of $55.88. The business has a fifty day moving average of $36.78 and a 200 day moving average of $39.21.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). The business had revenue of $172.47 million for the quarter, compared to the consensus estimate of $176.14 million. Johnson Outdoors had a negative net margin of 1.42% and a negative return on equity of 1.65%. During the same period in the prior year, the business earned $1.44 earnings per share. On average, research analysts forecast that Johnson Outdoors Inc. will post 0.07 EPS for the current fiscal year.

Johnson Outdoors 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.