JOANN Inc. (JOAN) Performance and Fundamentals Dashboard tells a completely different story

JOANN Inc. (NASDAQ: JOAN) stock fell -0.20% on Wednesday to $4.99 against a previous-day closing price of $5.00. With 0.17 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.0000 whereas the lowest price it dropped to was $4.8600. The 52-week range on JOAN shows that it touched its highest point at $13.55 and its lowest point at $4.25 during that stretch. It currently has a 1-year price target of $6.00. With its current market cap of 213.12 million, JOAN has annualized dividend of $0.44 while the current yield stands at 8.82%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JOAN was down-trending over the past week, with a drop of -17.79%, but this was up by 5.05% over a month. Three-month performance dropped to -41.91% while six-month performance fell -34.17%. The stock lost -50.35% in the past year, while it has lost -51.93% so far this year. A look at the trailing 12-month EPS for JOAN yields -1.41 with Next year EPS estimates of 0.46. For the next quarter, that number is 0.23. This implies an EPS growth rate of -77.30% for this year and 3758.33% for next year.

Float and Shares Shorts:

At present, 40.80 million JOAN shares are outstanding with a float of 38.65 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.01 million, which was 4.94% higher than short shares on Sep 14, 2022. In addition to Mr. Wade D. Miquelon as the firm’s Chairman, Pres & CEO, Ms. Janet Duliga serves as its Exec. VP & Chief Admin. Officer.

Institutional Ownership:

Through their ownership of 94.87% of JOAN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 71.57% of JOAN, in contrast to 5.14% held by mutual funds. Shares owned by individuals account for 18.06%. As the largest shareholder in JOAN with 6.69% of the stake, Capital Research & Management Co holds 2,729,250 shares worth 2,729,250. A second-largest stockholder of JOAN, Royce & Associates LP, holds 2,398,169 shares, controlling over 5.88% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in JOAN, holding 628,873 shares or 1.54% stake. With a 6.69% stake in JOAN, the American Funds Small Cap World Fu is the largest stakeholder. A total of 2,729,250 shares are owned by the mutual fund manager. The Royce Small-Cap Total Return Fund, which owns about 2.26% of JOAN stock, is the second-largest Mutual Fund holder. It holds 919,624 shares valued at 4.86 million. Royce Small-Cap Opportunity Fund holds 1.63% of the stake in JOAN, owning 665,647 shares worth 3.52 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JOAN since 7 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With JOAN analysts setting a high price target of $8.00 and a low target of $4.00, the average target price over the next 12 months is $6.00. Based on these targets, JOAN could surge 60.32% to reach the target high and fall by -19.84% to reach the target low. Reaching the average price target will result in a growth of 20.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. JOAN will report FY 2023 earnings on 03/17/2023. Analysts have provided yearly estimates in a range of $0.40 being high and -$0.33 being low. For JOAN, this leads to a yearly average estimate of $0.01. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. JOANN Inc. surprised analysts by -$0.10 when it reported -$0.75 EPS against a consensus estimate of -$0.65. The surprise factor in the prior quarter was -$0.33. Based on analyst estimates, the high estimate for the next quarter is $0.42 and the low estimate is -$0.11. The average estimate for the next quarter is thus $0.17.

Dividends & Yield:

In terms of dividends, JOAN has a current ratio of $0.44, which is $0.44 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and JOAN currently yields $8.16. In the past year, JOAN’s dividend yield has been $8.16. Accordingly, JOAN has a current buyback yield of $9.3. This was $9.3 for the TTM.

Summary of Insider Activity:

Insiders traded JOAN stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 7,812 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 621,850 while 353,749 shares were sold.

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