Traders buy high volume of calls JOANN (NASDAQ: JOAN)


JOANN Inc. (NASDAQ: JOAN) received unusual option trades on Wednesday. Stock traders acquired 8,243 call options on the stock. This is an increase of approximately 1,658% over the average volume of 469 call options.

In other JOANN news, CFO Matthew B. Susz sold 78,627 shares in a trade dated Wednesday, December 8. The stock was sold for an average price of $ 9.90, for a total value of $ 778,407.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In addition, CEO Wade D. Miquelon bought 55,000 shares of the company in a transaction on Tuesday, December 7. The stock was purchased at an average cost of $ 9.33 per share, for a total transaction of $ 513,150.00. Disclosure of this purchase can be found here.

Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Kennedy Capital Management Inc. acquired a new equity stake in JOANN in the second quarter valued at approximately $ 3,682,000. Cubist Systematic Strategies LLC increased its stake in JOANN by 3,059.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 44,239 shares of the company valued at $ 697,000 after purchasing an additional 42,839 shares during the last quarter. Deutsche Bank AG acquired a new stake in JOANN during the second quarter for a value of approximately $ 448,000. MYDA Advisors LLC acquired a new stake in JOANN during the 2nd quarter valued at approximately $ 2,035,000. Finally, International Assets Investment Management LLC increased its stake in JOANN by 29.2% during the 3rd quarter. International Assets Investment Management LLC now owns 27,400 shares of the company valued at $ 305,000 after purchasing an additional 6,200 shares in the last quarter. 91.11% of the shares are held by institutional investors.

(A d)

Whether you are looking to learn the basics of futures or are a seasoned veterinarian looking to hone your trading skills, our technical analysis guide has everything you need to be successful in today’s futures markets. hui!

NASDAQ JOAN shares opened at $ 9.82 on Thursday. The stock has a 50-day moving average price of $ 10.22 and a 200-day moving average price of $ 12.09. JOANN has a 52 week low of $ 8.51 and a 52 week high of $ 17.50. The company has a debt to equity ratio of 5.82, a rapid ratio of 0.18, and a current ratio of 1.38. The stock has a market cap of $ 404.40 million and a PE ratio of 4.72.

JOANN (NASDAQ: JOAN) last released its quarterly earnings data on Wednesday, December 1. The company reported earnings per share (EPS) of $ 0.73 for the quarter, beating the Zacks’ consensus estimate of $ 0.62 by $ 0.11. JOANN had a return on equity of 68.21% and a net margin of 3.23%. The company posted revenue of $ 611.00 million in the quarter, against analysts’ expectations of $ 620.84 million. During the same period last year, the company posted earnings per share of $ 1.84. The company’s revenue was down 14.4% year-on-year. As a group, research analysts predict that JOANN will post 1.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 29. Shareholders of record on Wednesday, December 15 received a dividend of $ 0.10. The ex-dividend date was Tuesday, December 14. This represents a dividend of $ 0.40 on an annualized basis and a dividend yield of 4.07%. JOANN’s payout rate is 19.23%.

Several equity research analysts have published reports on JOAN stocks. Wells Fargo & Company downgraded JOANN from an “overweight” to an “equal weight” rating and lowered its price target for the stock from $ 15.00 to $ 10.00 in a report released on Friday December 3. Zacks Investment Research downgraded JOANN from a “hold” rating to a “buy” rating and set a price target of $ 12.00 for the company in a report released on Thursday, December 9. Telsey Advisory Group lowered its price target on JOANN from $ 14.00 to $ 11.00 and established a “market performance” rating for the company in a report released on Wednesday, December 1. Finally, Barclays lowered its price target on JOANN from $ 11.00 to $ 10.00 and set an “underweight” rating for the company in a report released on Monday, December 6. One equity research analyst rated the stock with a sell rating, two assigned a conservation rating, and seven assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $ 13.89.


JOANN Inc operates as a specialty retailer of sewing, arts and crafts products in the United States. Its products in the sewing category include cotton fabrics; warm fabrics, such as fleece and flannel fabrics; interior decoration and utility fabrics and accessories; fashion fabrics and sportswear; fabrics for special occasions; seasonally themed and licensed fabric designs; and sewing supplies including cutting tools, threads, zippers, trims, ribbons, pins, rubber bands and buttons, as well as patterns for sewing projects.

Recommended Story: How Do Investors Use RSI to Rate Stocks?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in JOANN now?

Before considering JOANN, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the top five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and JOANN was not on the list.

While JOANN currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here


Comments are closed.