NASDAQ:JOAN JOANN (JOAN) Stock Forecast, Price & News $1.51 +0.05 (+3.42%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$1.40▼$1.5350-Day Range$1.46▼$2.1552-Week Range$1.40▼$11.55Volume160,103 shsAverage Volume221,187 shsMarket Capitalization$62.11 millionP/E RatioN/ADividend YieldN/APrice Target$2.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media JOANN MarketRank™ ForecastAnalyst RatingHold1.67 Rating ScoreUpside/Downside82.1% Upside$2.75 Price TargetShort InterestBearish6.35% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.28Based on 9 Articles This WeekInsider TradingAcquiring Shares$44,043 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($1.48) to ($1.08) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.01 out of 5 starsRetail/Wholesale Sector123rd out of 204 stocksMiscellaneous Shopping Goods Stores Industry6th out of 9 stocks 2.8 Analyst's Opinion Consensus RatingJOANN has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.75, JOANN has a forecasted upside of 82.1% from its current price of $1.51.Amount of Analyst CoverageJOANN has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.35% of the outstanding shares of JOANN have been sold short.Short Interest Ratio / Days to CoverJOANN has a short interest ratio ("days to cover") of 11.2, which indicates bearish sentiment.Change versus previous monthShort interest in JOANN has recently decreased by 4.04%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldJOANN does not currently pay a dividend.Dividend GrowthJOANN does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for JOAN. Previous Next 2.4 News and Social Media Coverage News SentimentJOANN has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 9 news articles for JOANN this week, compared to 4 articles on an average week.Search InterestOnly 2 people have searched for JOAN on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat Follows6 people have added JOANN to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days. Previous Next 5.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, JOANN insiders have bought 862.27% more of their company's stock than they have sold. Specifically, they have bought $44,043.00 in company stock and sold $4,577.00 in company stock.Percentage Held by Insiders73.40% of the stock of JOANN is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions91.23% of the stock of JOANN is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for JOANN are expected to grow in the coming year, from ($1.48) to ($1.08) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of JOANN is -0.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of JOANN is -0.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here About JOANN (NASDAQ:JOAN) StockJOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States. Its products in sewing category include cotton fabrics; warm fabrics, such as fleece and flannel fabrics; home decorating and utility fabrics and accessories; fashion and sportswear fabrics; special occasion fabrics; seasonally themed and licensed fabric designs; and sewing construction supplies comprising cutting implements, threads, zippers, trims, tapes, pins, elastic, and buttons, as well as patterns for sewing projects. The company's products in arts and crafts, home décor, and other category consist of yarn and yarn accessories, and needlecraft kits and supplies; paper crafting components; craft materials; fine art materials; sewing machines, craft technology, lighting, irons, organizers, and other products; artificial floral products; seasonal décor and entertaining products; home décor accessories; ready-made frames; comprehensive assortment books and magazines; and non-merchandise services. JOANN Inc. offers its products through retail stores, as well as online. As of March 21, 2022, it operated 848 retail stores in 49 states. The company was formerly known as Jo-Ann Stores Holdings Inc. and changed its name to JOANN Inc. in February 2021. JOANN Inc. was founded in 1943 and is based in Hudson, Ohio.Read More Receive JOAN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for JOANN and its competitors with MarketBeat's FREE daily newsletter. Email Address JOAN Stock News HeadlinesJune 2, 2023 | msn.comJOANN Earnings PreviewJune 2, 2023 | finance.yahoo.comQ1 2023 Reed's Inc Earnings CallJune 2, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...June 2, 2023 | msn.comTelsey Advisory Group Reiterates JOANN (JOAN) Market Perform RecommendationJune 1, 2023 | americanbankingnews.comTraders Purchase High Volume of Call Options on JOANN (NASDAQ:JOAN)May 30, 2023 | msn.comWest Memphis school board chooses new superintendentMay 29, 2023 | msn.comVietnam veterans singled out for thanks during Memorial Day eventMay 29, 2023 | msn.comAnalysts Estimate JOANN Inc. (JOAN) to Report a Decline in Earnings: What to Look Out forJune 2, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 28, 2023 | news.yahoo.comOur Town briefs: Endowed Alaska scholarship honors memory of Pampa educatorMay 26, 2023 | fool.comJoann (NASDAQ: JOAN)May 26, 2023 | americanbankingnews.comJOANN Inc. (NASDAQ:JOAN) Receives $2.75 Consensus Target Price from AnalystsMay 26, 2023 | americanbankingnews.comJOANN Target of Unusually High Options Trading (NASDAQ:JOAN)May 24, 2023 | msn.comThis is incredible! An AI artist creates ‘inflatable’ images of prominent historical sites in the worldMay 24, 2023 | msn.comJoann stores’ legal battle with Woodsonia continuesMay 23, 2023 | msn.comFlying Needles Quilters’ Guild facing eviction from County Fair MallMay 22, 2023 | finance.yahoo.comJOANN Schedules First Quarter Fiscal 2024 Earnings Release and Conference CallMay 19, 2023 | msn.comEndowed Alaska scholarship honors memory of Pampa educator JoAnn T. JonesMay 18, 2023 | reuters.comJOANN Coupons 2023May 18, 2023 | msn.comParents' heartbreak as baby dies of rare cold-like illnessMay 18, 2023 | msn.comParents told son would be only baby to die of rare illness for years - now 15 babies are infectedMay 18, 2023 | americanbankingnews.comTraders Buy High Volume of Call Options on JOANN (NASDAQ:JOAN)May 16, 2023 | msn.comParents told baby died from extremely rare infection before finding out about cluster probeMay 15, 2023 | sports.yahoo.comFifth Annual Chad Day Memorial Fishing Tournament raises $20,559 for Tidewell HospiceMay 14, 2023 | startribune.comShirley JoAnn (Johnson) RosengrenMay 13, 2023 | americanbankingnews.comQ1 2024 EPS Estimates for JOANN Inc. Lowered by Telsey Advisory Group (NASDAQ:JOAN)May 12, 2023 | americanbankingnews.comInvestors Buy High Volume of Put Options on JOANN (NASDAQ:JOAN)See More Headlines JOAN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart JOAN Company Calendar Last Earnings3/23/2023Today6/02/2023Next Earnings (Confirmed)6/05/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Miscellaneous shopping goods stores Sub-IndustryN/A SectorRetail/Wholesale Current SymbolNASDAQ:JOAN CUSIPN/A CIK1834585 Webwww.joann.com Phone330-656-2600FaxN/AEmployees20,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.75 High Stock Price Forecast$6.00 Low Stock Price Forecast$1.00 Forecasted Upside/Downside+82.1%Consensus RatingHold Rating Score (0-4)1.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($4.92) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-200,600,000.00 Net Margins-9.05% Pretax Margin-12.25% Return on Equity-99.95% Return on Assets-1.66% Debt Debt-to-Equity Ratio24.54 Current Ratio1.28 Quick Ratio0.12 Sales & Book Value Annual Sales$2.22 billion Price / Sales0.03 Cash Flow$1.01 per share Price / Cash Flow1.50 Book Value($1.20) per share Price / Book-1.26Miscellaneous Outstanding Shares41,130,000Free Float10,940,000Market Cap$62.11 million OptionableNot Optionable Beta1.13 Key ExecutivesMr. Wade D. Miquelon (Age 57)Chairman, Pres & CEO Comp: $1.04MMs. Janet Duliga (Age 55)Exec. VP & Chief Admin. Officer Comp: $531.48kMr. Christopher DiTullio (Age 49)Exec. VP & Chief Customer Officer Comp: $534.52kMr. Robert Will (Age 44)Exec. VP & Chief Merchandising Officer Comp: $529.49kMr. Scott SekellaSr. VP & Chief Financial OfficerMr. Varadheesh Chennakrishnan (Age 53)Sr. VP & Chief Information Officer Ajay JainInvestor Relations DirectorMs. Ann Aber (Age 44)Sr. VP, Chief Legal Officer & Sec. Ms. Sharyn M. Hejcl (Age 57)Sr. VP and Chief Innovation & Sourcing Officer Ms. Lisa Wittman-Smith (Age 56)Sr. VP of Inventory Management & Bus. Insights More ExecutivesKey CompetitorsBig 5 Sporting GoodsNASDAQ:BGFVSportsman's WarehouseNASDAQ:SPWHHour LoopNASDAQ:HOURArk RestaurantsNASDAQ:ARKRa.k.a. BrandsNYSE:AKAView All CompetitorsInsiders & InstitutionsState Street CorpBought 28,568 shares on 5/16/2023Ownership: 0.611%Geode Capital Management LLCBought 10,066 shares on 5/16/2023Ownership: 0.594%Susquehanna International Group LLPSold 35,000 shares on 5/16/2023Ownership: 0.000%Corton Capital Inc.Sold 17,259 shares on 5/15/2023Ownership: 0.039%BlackRock Inc.Bought 16,295 shares on 5/12/2023Ownership: 1.760%View All Insider TransactionsView All Institutional Transactions JOAN Stock - Frequently Asked Questions Should I buy or sell JOANN stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for JOANN in the last twelve months. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" JOAN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JOAN, but not buy additional shares or sell existing shares. View JOAN analyst ratings or view top-rated stocks. What is JOANN's stock price forecast for 2023? 6 analysts have issued 12 month price targets for JOANN's shares. Their JOAN share price forecasts range from $1.00 to $6.00. On average, they anticipate the company's stock price to reach $2.75 in the next twelve months. This suggests a possible upside of 82.1% from the stock's current price. View analysts price targets for JOAN or view top-rated stocks among Wall Street analysts. How have JOAN shares performed in 2023? JOANN's stock was trading at $2.85 on January 1st, 2023. Since then, JOAN stock has decreased by 47.0% and is now trading at $1.51. View the best growth stocks for 2023 here. When is JOANN's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, June 5th 2023. View our JOAN earnings forecast. How can I listen to JOANN's earnings call? JOANN will be holding an earnings conference call on Monday, June 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were JOANN's earnings last quarter? JOANN Inc. (NASDAQ:JOAN) issued its earnings results on Thursday, March, 23rd. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.28. The firm had revenue of $692.80 million for the quarter, compared to analyst estimates of $675.50 million. JOANN had a negative trailing twelve-month return on equity of 99.95% and a negative net margin of 9.05%. How often does JOANN pay dividends? What is the dividend yield for JOANN? JOANN announced a quarterly dividend on Monday, August 22nd. Investors of record on Friday, September 9th will be paid a dividend of $0.11 per share on Friday, September 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 29.14%. The ex-dividend date is Thursday, September 8th. Read our dividend analysis for JOAN. When did JOANN IPO? (JOAN) raised $174 million in an IPO on Friday, March 12th 2021. The company issued 10,900,000 shares at $15.00-$17.00 per share. BofA Securities, Credit Suisse, Guggenheim Securities, Barclays, Wells Fargo Securities, Piper Sandler and William Blair acted as the underwriters for the IPO and Telsey Advisory Group was co-manager. What is JOANN's stock symbol? JOANN trades on the NASDAQ under the ticker symbol "JOAN." Who are JOANN's major shareholders? JOANN's stock is owned by many different retail and institutional investors. Top institutional shareholders include Royce & Associates LP (7.20%), BlackRock Inc. (1.76%), State Street Corp (0.61%), Geode Capital Management LLC (0.59%), Bank of America Corp DE (0.58%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Ann Aber, Christopher Ditullio, Darrell Webb, Equity Investors Cf LP Green, Equity Investors V LP Green, Janet Duliga, Joseph Thibault, Matthew B Susz, Michael Sagar Joyce, Robert Will, Scott Sekella, Thomas A Dryer, Varadheesh Chennakrishnan and Wade D Miquelon. View institutional ownership trends. How do I buy shares of JOANN? Shares of JOAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is JOANN's stock price today? One share of JOAN stock can currently be purchased for approximately $1.51. How much money does JOANN make? JOANN (NASDAQ:JOAN) has a market capitalization of $62.11 million and generates $2.22 billion in revenue each year. The company earns $-200,600,000.00 in net income (profit) each year or ($4.92) on an earnings per share basis. How many employees does JOANN have? The company employs 20,000 workers across the globe. How can I contact JOANN? JOANN's mailing address is 5555 DARROW ROAD, HUDSON OH, 44236. The official website for the company is www.joann.com. The company can be reached via phone at 330-656-2600 or via email at ajay.jain@joann.com. This page (NASDAQ:JOAN) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding JOANN Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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