JOANN Inc. downgraded by BofA Securities with a new price target
$JOAN
Other Specialty Stores
Consumer Discretionary
BofA Securities downgraded JOANN Inc. from Buy to Neutral and set a new price target of $8.00 from $20.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/30/2023 | $1.50 → $1.00 | Market Perform | Telsey Advisory Group |
| 8/31/2022 | Neutral → Underperform | BofA Securities | |
| 6/29/2022 | $10.00 → $8.00 | Buy → Hold | Loop Capital |
| 6/3/2022 | $20.00 → $8.00 | Buy → Neutral | BofA Securities |
| 3/21/2022 | Buy → Neutral | Guggenheim | |
| 3/18/2022 | $12.00 → $11.00 | Overweight → Neutral | Piper Sandler |
| 12/6/2021 | $11.00 → $10.00 | Underweight | Barclays |
| 12/3/2021 | $10.00 | Overweight → Equal-Weight | Wells Fargo |
HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. ("JOANN" or the "Company"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company's Prepackaged Joint Plan of Reorganization. JOANN expects to successfully complete its financial restructuring and emerge from the court-supervised process in the coming days. As reiterated throughout this expedited process, the Company's more than 800 store locations remain open and JOANN.com continues to offer supplies for any creative need, and the Company was able to preserve the jobs of its more t
Stores and JOANN.com Remain Open; Company Continues to Operate as Usual Vendors, Landlords and Other General Unsecured Creditors Are Unimpaired Company Expects to Reduce Approximately $505 Million in Funded Debt Implementing Prepackaged Financial Recapitalization Plan on Expedited Basis HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN" or the "Company"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that it has entered into a Transaction Support Agreement ("TSA" or "Agreement") with a majority of its financial stakeholders and additional industry financing parties to strengt
BROOMFIELD, Colo. , Feb. 1, 2024 /PRNewswire/ -- Crocs, Inc. (NASDAQ:CROX), a global leader in innovative casual footwear for all, today announced that Michelle Poole, 55, EVP & President of the Crocs Brand, has decided to retire. To ensure a seamless transition, she will remain in her current role through early May and will serve in an advisory capacity until early 2025. In keeping with Crocs, Inc. succession planning, current EVP & Chief Financial Officer Anne Mehlman will be promoted to EVP & President of the Crocs Brand. Until her replacement is named, Ms. Mehlman will continue to serve as Chief Financial Officer of the company. Crocs, Inc. has launched a comprehensive search for a new C
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Telsey Advisory Group reiterated coverage of JOANN Inc. with a rating of Market Perform and set a new price target of $1.00 from $1.50 previously
BofA Securities downgraded JOANN Inc. from Neutral to Underperform
Loop Capital downgraded JOANN Inc. from Buy to Hold and set a new price target of $8.00 from $10.00 previously
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BROOMFIELD, Colo. , Feb. 1, 2024 /PRNewswire/ -- Crocs, Inc. (NASDAQ:CROX), a global leader in innovative casual footwear for all, today announced that Michelle Poole, 55, EVP & President of the Crocs Brand, has decided to retire. To ensure a seamless transition, she will remain in her current role through early May and will serve in an advisory capacity until early 2025. In keeping with Crocs, Inc. succession planning, current EVP & Chief Financial Officer Anne Mehlman will be promoted to EVP & President of the Crocs Brand. Until her replacement is named, Ms. Mehlman will continue to serve as Chief Financial Officer of the company. Crocs, Inc. has launched a comprehensive search for a new C
HUDSON, Ohio, Jan. 16, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, is proud to announce a new partnership with non-profit organization Loose Ends Project ("Loose Ends"). Loose Ends aims to ease grief, create community, and inspire generosity by matching volunteer handwork finishers with projects people have left unfinished due to death or disability. JOANN and Loose Ends will kick off their partnership, offering exclusive discounts for Project Finishers, in-kind product donations and all JOANN locations nationwide will serve as designated meet up spots for loved ones and
HUDSON, Ohio, Nov. 15, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the third quarter Fiscal 2024 after the market closes on Monday, December 4, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to be joined into the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online r
Net sales totaled $453.8 million continuing the trend of year-over-year sequential improvement in comparable salesGross profit of $232.0 million increased 8.0% compared to the second quarter of last year51.1% gross margin, a 470-basis point year-over-year improvementLine of sight to over deliver $200 million in targeted annual cost reductions under Focus, Simplify and Grow initiative HUDSON, Ohio, Aug. 28, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results for its second quarter of fiscal year 2024 which ended July 29, 2023. Chris DiTull
HUDSON, Ohio, Aug. 14, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the second quarter Fiscal 2024 after the market closes on Monday, August 28, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to be joined into the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online r
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