Should I buy or sell JOANN stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for JOANN in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" JOAN shares. View JOAN analyst ratings or view top-rated stocks .

What is JOANN's stock price target for 2024?

4 brokerages have issued 12 month target prices for JOANN's stock. Their JOAN share price targets range from $0.75 to $3.00. On average, they expect the company's stock price to reach $1.38 in the next year. This suggests a possible upside of 145.5% 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 shares have decreased by 80.3% and is now trading at $0.5601. 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 Thursday, March 28th 2024. View our JOAN earnings forecast .

How were JOANN's earnings last quarter?

JOANN Inc. (NASDAQ:JOAN) issued its quarterly earnings data on Monday, December, 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.01. The company earned $539.80 million during the quarter, compared to analyst estimates of $541.05 million.

Is JOANN a good dividend stock?

JOANN (NASDAQ:JOAN) pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.00%. Read our dividend analysis for JOAN .

(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.

Who are JOANN's major shareholders?

JOANN's stock is owned by a number of institutional and retail investors. Top institutional investors include GSA Capital Partners LLP (0.85%), Simplex Trading LLC (0.00%), Group One Trading L.P. (0.00%) and Concourse Financial Group Securities Inc. (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, Marybeth Hays, 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 .

JOANN Stock Price, News & Analysis (NASDAQ:JOAN)

$0.56

+0.00 (+0.45%)

(As of 12:31 PM ET)

Compare

Today's Range: $0.54
▼
$0.57
50-Day Range: $0.41
▼
$0.89
52-Week Range: $0.39
▼
$4.84

Volume: 63,925 shs
Average Volume: 316,631 shs
Market Capitalization: $23.47 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.38

JOANN MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.75 Rating Score
Upside/Downside: 145.5% Upside
$1.38 Price Target
Short Interest: Bearish
5.85% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.39
Based on 15 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.32) to ($1.55) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

Retail/Wholesale Sector

137th out of 164 stocks

Miscellaneous Shopping Goods Stores Industry

7th out of 7 stocks

2.9

Analyst's Opinion

Consensus Rating
JOANN has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $1.38, JOANN has a forecasted upside of 145.5% from its current price of $0.56.
Amount of Analyst Coverage
JOANN has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.85% of the outstanding shares of JOANN have been sold short.
Short Interest Ratio / Days to Cover
JOANN has a short interest ratio ("days to cover") of 12.6, which indicates bearish sentiment.
Change versus previous month
Short interest in JOANN has recently decreased by 3.54%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
JOANN does not currently pay a dividend.
Dividend Growth
JOANN does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for JOAN.

2.4

News and Social Media Coverage

News Sentiment
JOANN has a news sentiment score of 0.39. 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 news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for JOANN this week, compared to 5 articles on an average week.
Search Interest
Only 4 people have searched for JOAN on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
4 people have added JOANN to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, JOANN insiders have not sold or bought any company stock.
Percentage Held by Insiders
73.40% of the stock of JOANN is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.6

Earnings and Valuation

Earnings Growth
Earnings for JOANN are expected to grow in the coming year, from ($2.32) to ($1.55) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of JOANN is -0.10, 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. Sector
The P/E ratio of JOANN is -0.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About JOANN Stock (NASDAQ:JOAN)

JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States. The company 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; pillow forms; stuffing, batting, and foams; 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. Its products in arts and crafts, home décor, and other categories 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. The company offers its products through retail stores, as well as online. 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.

JOAN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

JOAN Stock News Headlines

December 6, 2023 | finance.yahoo.com

JOANN Inc. (NASDAQ:JOAN) Q3 2024 Earnings Call Transcript

December 6, 2023 | americanbankingnews.com

JOANN (NASDAQ:JOAN) Given New $0.75 Price Target at Wells Fargo & Company

December 7, 2023 | DTI Trader (Ad)

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December 5, 2023 | msn.com

Halloween may have saved Christmas at JOANN

December 5, 2023 | markets.businessinsider.com

Maintaining Hold on JOANN: Balancing Growth Prospects with Market Uncertainties

December 4, 2023 | msn.com

JOANN Non-GAAP EPS of -$0.21 beats by $0.05, revenue of $539.8M misses by $7.4M

December 4, 2023 | marketwatch.com

Joann Lifts Low End of FY24 Revenue Guidance Despite 3Q Miss

December 4, 2023 | benzinga.com

Why JOANN Stock Tanked After-Hours

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December 4, 2023 | marketwatch.com

Joann 3Q Loss Widens As Sales Slump

December 4, 2023 | msn.com

JOANN sees sales fall in Q3, points to uncertain consumer backdrop

December 4, 2023 | msn.com

JoAnn’s stock tumbles 12% after retailer’s sales drop 4%, losses widen

December 4, 2023 | finance.yahoo.com

JOANN Announces Third Quarter Fiscal 2024 Results And Increases Top-Line Full Year Outlook

December 1, 2023 | benzinga.com

Earnings Preview For JOANN

December 1, 2023 | americanbankingnews.com

JOANN (NASDAQ:JOAN) Price Target Lowered to $1.00 at Telsey Advisory Group

November 29, 2023 | msn.com

Mosinee family honored at Capitol ceremony for outstanding work as adoptive parents

November 28, 2023 | news.yahoo.com

Get ready for the best festive entertaining with Joann Butler's top picks

November 27, 2023 | americanbankingnews.com

JOANN (JOAN) to Release Earnings on Monday

November 25, 2023 | msn.com

'Retirement isn't that easy': 3 people on working into their 90s and 100s

November 22, 2023 | detroitnews.com

Joann (Mularoni) Holden

November 22, 2023 | news.yahoo.com

'It makes me cry': Kitsap mobile home park tenants face significant rent increases

November 17, 2023 | msn.com

A Mentor and a Person to Emulate: East Brunswick Community Celebrates the Life of Dr. JoAnn Magistro

November 16, 2023 | qchron.com

Ariola swears in future leaders

November 15, 2023 | msn.com

Gun found at deceased couple’s Lancaster County home sent off for testing

November 15, 2023 | finance.yahoo.com

JOANN Schedules Third Quarter Fiscal 2024 Earnings Release and Conference Call

November 13, 2023 | msn.com

She went missing a year ago. Her family hopes for answers but finds 'only more questions'

November 13, 2023 | finance.yahoo.com

JOANN Launches Early Black Friday Deals to Help Customers Beat the Holiday Rush

See More Headlines

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Company Calendar

Last Earnings: 12/04/2023
Today: 12/07/2023
Fiscal Year End: 1/31/2024
Next Earnings (Estimated): 3/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous shopping goods stores
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:JOAN
CUSIP: N/A
CIK: 1834585
Web: www.joann.com
Phone: 330-656-2600
Fax: N/A
Employees: 20,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.38
High Stock Price Target: $3.00
Low Stock Price Target: $0.75
Potential Upside/Downside: +146.6%
Consensus Rating: Reduce
Rating Score (0-4): 1.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.73)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-200,600,000.00
Net Margins: -10.79%
Pretax Margin: -13.13%
Return on Equity: N/A
Return on Assets: -4.49%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.28
Quick Ratio: 0.15

Sales & Book Value

Annual Sales: $2.19 billion
Price / Sales: 0.01
Cash Flow: $0.87 per share
Price / Cash Flow: 0.64
Book Value: ($1.20) per share
Price / Book: -0.46

Miscellaneous

Outstanding Shares: 41,906,000
Free Float: 11,147,000
Market Cap: $23.37 million
Optionable: Not Optionable
Beta: 1.03

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Key Executives

Mr. Scott Sekella (Age 46)
Executive VP & CFO
Comp: $728.65k
Ms. Janet Duliga (Age 56)
Executive VP & Chief Administrative Officer
Comp: $487.07k
Mr. Christopher DiTullio (Age 50)
Executive VP & Chief Customer Officer
Comp: $489.06k
Mr. Robert Will (Age 45)
Executive VP & Chief Merchandising Officer
Comp: $486.01k
John Craig Stalcup
Senior VP & Chief Information Officer
Ajay Jain
Investor Relations Director
Ms. Ann Aber (Age 45)
Senior VP, Chief Legal Officer & Secretary
Ms. Lisa Wittman-Smith (Age 57)
Senior Vice President of Inventory Management & Business Insights
Mr. Joseph Thibault (Age 55)
Senior Vice President of Store Operations
Mr. Mario Sampson (Age 35)
Senior Vice President of Supply Chain

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

JOAN Stock Analysis - Frequently Asked Questions

Should I buy or sell JOANN stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for JOANN in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" JOAN shares.
View JOAN analyst ratings or view top-rated stocks.
What is JOANN's stock price target for 2024?: 4 brokerages have issued 12 month target prices for JOANN's stock. Their JOAN share price targets range from $0.75 to $3.00. On average, they expect the company's stock price to reach $1.38 in the next year. This suggests a possible upside of 145.5% 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 shares have decreased by 80.3% and is now trading at $0.5601.
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 Thursday, March 28th 2024.
View our JOAN earnings forecast.
How were JOANN's earnings last quarter?: JOANN Inc. (NASDAQ:JOAN) issued its quarterly earnings data on Monday, December, 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.01. The company earned $539.80 million during the quarter, compared to analyst estimates of $541.05 million.

Is JOANN a good dividend stock?: JOANN (NASDAQ:JOAN) pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.00%.
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.
Who are JOANN's major shareholders?: JOANN's stock is owned by a number of institutional and retail investors. Top institutional investors include GSA Capital Partners LLP (0.85%), Simplex Trading LLC (0.00%), Group One Trading L.P. (0.00%) and Concourse Financial Group Securities Inc. (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, Marybeth Hays, 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.

This page (NASDAQ:JOAN) was last updated on 12/7/2023 by MarketBeat.com Staff

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JOANN Stock Price, News & Analysis (NASDAQ:JOAN)

JOANN MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About JOANN Stock (NASDAQ:JOAN)

JOAN Stock Price History

JOAN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

JOAN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™