JELD-WEN (NYSE:JELD) Shares Gap Down - Should You Sell?

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $15.74, but opened at $15.27. JELD-WEN shares last traded at $15.27, with a volume of 59,479 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JELD. Barclays cut their price target on JELD-WEN from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday, July 12th. Jefferies Financial Group increased their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday. Royal Bank of Canada reissued an "underperform" rating and issued a $13.00 price objective on shares of JELD-WEN in a research note on Wednesday, August 7th. Finally, Loop Capital cut their price target on JELD-WEN from $17.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.30.

JELD-WEN Stock Performance

The firm has a market capitalization of $1.26 billion, a P/E ratio of 65.09 and a beta of 2.24. The stock has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $15.83. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

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

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently added to or reduced their stakes in JELD. Diversified Trust Co boosted its position in shares of JELD-WEN by 4.2% during the first quarter. Diversified Trust Co now owns 24,301 shares of the company's stock valued at $516,000 after buying an additional 981 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in JELD-WEN by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company's stock worth $567,000 after acquiring an additional 1,025 shares during the period. ProShare Advisors LLC boosted its position 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 purchasing an additional 1,205 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company's stock valued at $46,000 after purchasing an additional 1,922 shares during the period. Finally, Sei Investments Co. grew its position in JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company's stock valued at $242,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

JELD-WEN Company Profile

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.