Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $7.34

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have been assigned a consensus rating of "Reduce" from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $7.34.

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Barclays decreased their price objective on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Loop Capital dropped their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Truist Financial dropped their target price on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

JELD-WEN Trading Up 0.4%

JELD-WEN stock traded up $0.02 during trading on Friday, reaching $3.50. 175,711 shares of the company were exchanged, compared to its average volume of 1,588,307. JELD-WEN has a 52-week low of $3.27 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market capitalization of $298.35 million, a P/E ratio of -1.57 and a beta of 1.86. The stock's 50 day simple moving average is $4.97 and its two-hundred day simple moving average is $7.31.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The business had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company's revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities research analysts expect that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management bought 26,336 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $5.73 per share, with a total value of $150,905.28. Following the completion of the purchase, the insider now owns 774,934 shares in the company, valued at approximately $4,440,371.82. The trade was a 3.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders purchased 762,404 shares of company stock worth $4,045,332. 1.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Performa Ltd US LLC grew its holdings in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock valued at $34,000 after buying an additional 3,950 shares in the last quarter. CWM LLC lifted its stake in shares of JELD-WEN by 2,140.2% during the 1st quarter. CWM LLC now owns 6,407 shares of the company's stock worth $38,000 after acquiring an additional 6,121 shares during the last quarter. Quarry LP bought a new stake in JELD-WEN during the 4th quarter valued at $46,000. AlphaQuest LLC raised its position in JELD-WEN by 294.7% during the 1st quarter. AlphaQuest LLC now owns 11,169 shares of the company's stock valued at $67,000 after purchasing an additional 8,339 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of JELD-WEN in the 1st quarter worth $74,000. Institutional investors own 95.04% of the company's stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.