How have the shares performed?
JOANN Inc. (JOAN) saw downtrend of -3.88% in the recent trading with $14.13 being its most recent. The current price level -5.64% lower than the highest price of $14.98 marked by the stock while trading over the past 52-weeks, whereas it is 44.92% higher than the lowest price of $9.75 the company dropped to over past 52-weeks. The latest news story on JOAN appeared in GlobeNewswire under the title “JOANN to Participate in the Piper Sandler 41st Annual Consumer Marketplace Conference” on May-21-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -5.64% below one month high and is +21.81% above of the lowest during that time. Looking into the simple moving average, JOANN Inc. (JOAN)’s stock stands at a SMA-50 of $12.45 while that of 5-day is reading $14.27.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
JOANN Inc. Earnings – What Happened With JOAN
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $624.1 billion while analysts on average were estimating the same to be $566.27 million.
JOAN – JOANN Inc. Stock Earnings Estimates
8 analysts covering the stock at Wall Street were agreed upon that EPS consensus.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 42.15 million. JOAN does have institutional investors; and they hold 98.96% of the stock.
JOANN Inc. – Insider Activity and Holdings
As on Mar 30, 2021, Leonard Green & Partners, L.P. was the top most holder in JOANN Inc. (NASDAQ:JOAN) with an ownership of 33.09 million shares of the company or 81.67% of the stake worth $335.88 million. The filing also reveals Capital Research Global Investors as the second largest holder in the company with a control over 5.07% of the outstanding shares. Its stake is worth $20.87 million for having 2.06 million shares in hand.
Hood River Capital Management LLC also came holding a key position in the company during the recent quarter and it now holds 3.02% of the outstanding shares. With this there are now 44 institutions which have possession in JOAN’s shares.
Currently, the stock has been recommended as Strong Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.60 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, JOANN Inc. has a debt to equity ratio of 18.54.