JOANN (JOAN) Stock Price, News & Analysis

Company Overview

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. On March 18, 2024, JOANN Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

Key Stats

• Today's Range: N/A
• 50-Day Range: $0.08 to $0.60
• 52-Week Range: N/A
• Volume: 4.43 million shs
• Average Volume: 1.23 million shs
• Market Capitalization: $4.06 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $0.88
• Consensus Rating: Hold

JOANN Stock Analysis - MarketRank™

JOANN scored higher than 27% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

JOANN has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

JOANN has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of JOANN is -0.02, 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 -0.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for JOAN.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

JOANN does not currently pay a dividend.

Dividend Growth

JOANN has only been increasing its dividend for 1 years.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for JOAN.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.14

News Coverage This Week

MarketBeat has tracked 4 news articles for JOANN this week, compared to 5 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

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.

Percentage Held by Institutions

72.10% of the stock of JOANN is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

JOAN Stock Analysis - Frequently Asked Questions

How were JOANN's earnings last quarter?

JOANN Inc. (NASDAQ:JOAN) announced its earnings results on Monday, December, 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.01. The firm had revenue of $539.80 million for the quarter, compared to analyst estimates of $541.05 million.

When did JOANN IPO?

JOANN (JOAN) raised $174 million in an initial public offering (IPO) on Friday, March 12th 2021. The company issued 10,900,000 shares at a price of $15.00-$17.00 per share. BofA Securities, Credit Suisse, Guggenheim Securities, Barclays, Wells Fargo Securities, Piper Sandler and William Blair served as the underwriters for the IPO and Telsey Advisory Group was co-manager.

What other stocks do shareholders of JOANN own?

Based on aggregate information from My MarketBeat watchlists, some other companies that JOANN investors own include Ford Motor (F), Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Palantir Technologies (PLTR), PayPal (PYPL) and Walmart (WMT).

Company Calendar

• Last Earnings: 12/04/2023
• Today: 11/08/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Miscellaneous shopping goods stores
• Sub-Industry: N/A
• 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: $0.88
• High Stock Price Target: $1.00
• Low Stock Price Target: $0.75
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($5.81)
• 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: -11.10%
• Pretax Margin: -13.63%
• Return on Equity: N/A
• Return on Assets: -4.99%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.43
• Quick Ratio: 0.20

Sales & Book Value

• Annual Sales: $2.16 billion
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 0.09
• Book Value: ($1.20) per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 41,912,000
• Free Float: 11,149,000
• Market Cap: $4.06 million
• Optionable: Optionable
• Beta: 0.99