JOANN Inc. JOAN
At closeMar 27, 2024, 4:00 PM EDT
- Market cap
- 4.06M
- Revenue (ttm)
- 2.16B
- Profit margin
- -11.10%
- EPS (ttm)
- -5.81
- Shares out
- 41.91M
- Forward P/E
- -0.05
- Volume
- 4.00M
- Avg volume
- 1.29M
- Open
- 0.089
- Previous close
- 0.0969
- Day's range
- 0.082 – 0.0993
- 52-week range
- 0.0461 – 2.19
- Beta
- 1.03
- Analysts
- Hold
- Price target
- 1.50 (+1448.0%)
- Earnings date
- Mar 28, 2024
Key statistics
- Enterprise value
- 1.98B
- PEG ratio
- 0.01
- Price / sales
- 0.00
- Price / book
- 0.00
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- -4.10%
- Free cash flow
- -36.40M
- Total cash
- 41.20M
- Total debt
- 2.02B
- Return on equity
- 0.00%
- Short % of float
- 12.36%
- 50-day average
- 0.333087
- 200-day average
- 0.661594
Analyst view
Consensus: hold
- Strong buy0
- Buy0
- Hold4
- Sell0
- Strong sell0
Next earnings
Mar 28, 2024
Expected Mar 28, 2024. Consensus EPS estimate 0.23.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Mar 28, 2024 | Jan 1, 2024 | 0.00 | — | — | — |
| Dec 4, 2023 | Oct 1, 2023 | -0.19 | — | — | — |
| Aug 28, 2023 | Jul 1, 2023 | -1.16 | — | — | — |
| Jun 5, 2023 | Apr 1, 2023 | -0.62 | — | — | — |
| Mar 23, 2023 | Jan 1, 2023 | 0.67 | — | — | — |
| Sep 1, 2022 | Jul 1, 2022 | -0.65 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 28, 2023 | Loop Capital | main | Hold | Hold |
| Aug 28, 2023 | Telsey Advisory Group | reit | Market Perform | Market Perform |
| Aug 24, 2023 | Telsey Advisory Group | main | Market Perform | Market Perform |
| Jun 5, 2023 | Piper Sandler | main | Neutral | Neutral |
| Jun 5, 2023 | Wells Fargo | main | Equal-Weight | Equal-Weight |
| Jun 5, 2023 | Telsey Advisory Group | reit | Market Perform | Market Perform |
About JOANN Inc.
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.
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Country
- United States
- Website
- joann.com
News
NICKELODEON ACQUIRES BRAND-NEW ANIMATED SERIES MR. CROCODILE FROM JOANN SFAR'S MAGICAL SOCIETY & MEDIAWAN
JOANN to Remain Open as Company Initiates Voluntary Chapter 11 Process to Maximize Business Value
JOANN Announces Addition of Maarten Jager to Board of Directors
JOANN Kicks Off Holiday Season with Never-Before-Seen Savings Events to Encourage Customers to Make Blankets for Gifts and Giving
JOANN Releases Annual Impact Report, Highlighting Progress in Support of Team Members, Customers and Communities
Summerween at JOANN is in Full Swing as Customers Shop Earlier than Ever For Holiday Product
JOANN Announces Industry Veteran as Executive Chairman of the Board
JOANN Announces Leadership Moves as It Plans for Future Success
JOANN Announces Ann Aber as Executive Vice President, Chief Legal & HR Officer
Happiness Starts Here: JOANN Rebrands as “JO-AND” in New Campaign Focused on the Joy of Creating
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| CHANG LILY W | Director | Stock Award(Grant) | Jun 26, 2023 | 175,026 |
| COLEMAN BRIAN WILLIAM | Director | Stock Award(Grant) | Jun 26, 2023 | 167,214 |
| GREEN EQUITY INVESTORS CF, L.P. | Beneficial Owner of more than 10% of a Class of Security | Stock Award(Grant) | Jun 26, 2023 | 0 |
| HAYS MARYBETH | Director | Stock Award(Grant) | Jun 26, 2023 | 197,326 |
| MEHLMAN ANNE | Director | Stock Award(Grant) | Jun 26, 2023 | 175,026 |
| SEKELLA SCOTT N. | Chief Financial Officer | Purchase | Apr 13, 2023 | 78,754 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Leonard Green & Partners, L.P. | 67.64% | 28,344,623 | 24.77M | Jun 29, 2023 |
| JP Morgan Chase & Company | 4.77% | 1,998,762 | 1.75M | Jun 29, 2023 |
| Vanguard Group Inc | 1.27% | 534,035 | 466.75K | Jun 29, 2023 |
| Royce & Associates LP | 0.85% | 354,844 | 310.13K | Jun 29, 2023 |
| Gsa Capital Partners Llp | 0.74% | 309,386 | 270.40K | Jun 29, 2023 |
| JB Capital Partners LP | 0.63% | 265,675 | 232.20K | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 0.86% | 360,480 | 315.06K | Jun 29, 2023 |
| Royce Micro-Cap Fund | 0.52% | 217,326 | 189.94K | Jun 29, 2023 |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | 0.49% | 205,000 | 179.17K | Jun 29, 2023 |
| Vanguard Extended Market Index Fund | 0.38% | 158,520 | 138.55K | Jun 29, 2023 |
| Invesco ETF Tr-Invesco FTSE RAFI US 1500 Small-Mid ETF | 0.33% | 139,518 | 146.49K | Aug 30, 2023 |
| Royce Capital Fund-Micro-Cap Portfolio | 0.23% | 95,388 | 83.37K | Jun 29, 2023 |
