10 Best Boating Stocks to Buy Now

7. Johnson Outdoors Inc. (NASDAQ:JOUT)

Number of Hedge Fund Holders: 13

Johnson Outdoors Inc. (NASDAQ:JOUT) is included in our list of the Best Boating Stocks. It produces and sells branded seasonal outdoor recreation gear for hiking, camping, diving, paddling, and boat fishing. Fishing, Camping, Watercraft Recreation, and Diving are the company’s four business segments. The fishing segment, which produces and sells goods under various brands like Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors; Humminbird sonar and GPS equipment for fish finding, navigation, and marine cartography; and Cannon downriggers for controlled-depth fishing, is where it generates the majority of revenue. Geographically, the United States accounts for the majority of its revenue, although it is also present in Europe, Canada, and other places.

In a competitive market, Johnson Outdoors Inc. (NASDAQ:JOUT) was able to retain a good financial position with a debt-free balance sheet. Under its Humminbird brand, the company effectively introduced innovative technology that was well accepted by retail partners and is attracting increasing consumer attention. Moreover, in an effort to boost production efficiency and foster future innovation, the firm recently finalized the $14 million acquisition of a longstanding supplier for its SCUBAPRO brand. The first quarter of 2025’s inventory levels dropped by over $66 million year over year to $201.6 million, highlighting the positive impact of effective inventory management on operations.