JELD-WEN (NYSE:JELD) Hits New 1-Year Low - Time to Sell?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $9.03 and last traded at $9.05, with a volume of 530772 shares changing hands. The stock had previously closed at $14.13.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. Jefferies Financial Group increased their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Barclays reduced their target price on shares of JELD-WEN from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, July 12th. Royal Bank of Canada reissued an "underperform" rating and issued a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. Finally, Loop Capital dropped their price target on JELD-WEN from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, JELD-WEN presently has an average rating of "Hold" and an average price target of $17.30.

JELD-WEN Stock Performance

The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The business has a 50 day simple moving average of $14.88 and a two-hundred day simple moving average of $15.11. The firm has a market cap of $837.82 million, a PE ratio of -5.42 and a beta of 2.25.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. The firm had revenue of $986.00 million for the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The business's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, equities research analysts forecast that JELD-WEN Holding, Inc. will post 1.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its position in JELD-WEN by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company's stock valued at $567,000 after purchasing an additional 1,025 shares in the last quarter. ProShare Advisors LLC boosted its holdings in JELD-WEN by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company's stock worth $325,000 after acquiring an additional 1,205 shares in the last quarter. Blue Trust Inc. boosted its holdings in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock worth $46,000 after acquiring an additional 1,284 shares in the last quarter. Diversified Trust Co boosted its holdings in JELD-WEN by 6.6% in the second quarter. Diversified Trust Co now owns 25,916 shares of the company's stock worth $349,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company's stock worth $46,000 after acquiring an additional 1,922 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

About JELD-WEN

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.