JOANN Inc. operates as a specialty retailer of sewing, and arts and crafts category products in the United States. Its 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; seasonally themed and licensed fabric designs; and sewing supplies comprising cutting implements, threads, zippers, trims, tapes, pins, elastic, and buttons, as well as patterns for sewing projects. The company's products in arts and crafts, home décor, and other category 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; related books and magazines; and non-merchandise products. JOANN Inc. offers products through retail stores, as well as online. As of April 1, 2021, it operated 855 retail stores in 49 states. 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.
IPO Year: 2021
Exchange: NASDAQ
Website: joann.com
| 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 |
| 12/1/2021 | $14.00 → $11.00 | Market Perform | Telsey Advisory Group |
| 10/1/2021 | $11.00 | Equal-Weight → Underweight | Barclays |