Telsey Advisory analyst Joe Feldman maintained a Hold rating on JOANN (JOAN – Research Report) today and set a price target of $6.00. The company’s shares closed yesterday at $4.47.
According to TipRanks, Feldman is a 4-star analyst with an average return of 7.0% and a 52.09% success rate. Feldman covers the Consumer Goods sector, focusing on stocks such as Vintage Wine Estates, Costco, and Dollar General.
The word on The Street in general, suggests a Hold analyst consensus rating for JOANN with a $6.00 average price target.
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Based on JOANN’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $463.3 million and a GAAP net loss of $56.9 million. In comparison, last year the company earned a revenue of $496.9 million and had a net profit of $5.2 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JOAN in relation to earlier this year.
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JOANN Inc is engaged in the sewing business. The company provides fabrics, sewing supplies, yarn and needle arts, paper crafting, jewellery making, fabric crafting, craft lights, wedding decorations, and home decor products.
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