JOANN (JOAN) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, June 5th 2023.
View our JOAN earnings forecast.

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.

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%.

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.

(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.

JOANN trades on the NASDAQ under the ticker symbol "JOAN."

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.
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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.
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One share of JOAN stock can currently be purchased for approximately $1.51.

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.

The company employs 20,000 workers across the globe.

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.