Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. JOANN Inc.
  6. News
  7. Summary
    JOAN   US47768J1016

JOANN INC.

(JOAN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

JOANN : set to join Russell 2000® Index

06/28/2021 | 07:00am EDT

HUDSON, Ohio, June 28, 2021 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, announced that it has formally joined the Russell 2000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28.

Membership in the Russell 2000® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“We are pleased to be part of the Russell 2000® following our recent listing on NASDAQ,” said Wade Miquelon, President and Chief Executive Officer of JOANN. “The inclusion of JOANN increases our visibility with investors. It is also a strong validation of the progress we’ve made as a newly public company and as the nation’s largest fabric and crafts retailer.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About JOANN:

For more than 75 years, JOANN has inspired creativity in the hearts, hands, and minds of its customers. From a single storefront in Cleveland, Ohio, the nation’s category leader in sewing and fabrics and one of the fastest growing competitors in the arts and crafts industry has grown to include 855 stores across 49 states and robust e-commerce business. With the goal of helping every customer find their creative Happy Place, JOANN serves as a convenient single source for all of the supplies, guidance, and inspiration needed to achieve any project or passion.

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Investor Relations Contacts:
Ajay Jain
Ajay.Jain@joann.com
330-463-8585

Tom Filandro; ICR, Inc.
JoannIR@icrinc.com
646-277-1235

Corporate Communications:
Amanda Hayes
amanda.hayes@joann.com
216-296-5887


Primary Logo

Source: JOANN, Inc.

2021 GlobeNewswire, Inc., source Press Releases

All news about JOANN INC.
09/17JOANN Celebrates New Store Experiences From Coast to Coast 
GL
09/17JOANN : Celebrates New Store Experiences From Coast to Coast
PU
09/15JOANN : Launches Second Annual Minority Creative Grant Program to Support Hispan..
PU
09/13JOANN : Approves Share Repurchase Plan
MT
09/13JOANN : Announces Stock Repurchase Authorization
AQ
09/13JOANN Inc. announces an Equity Buyback for $20 million worth of its shares.
CI
09/13JOANN Inc. authorizes a Buyback Plan.
CI
09/08Certain Common Stock of JOANN Inc. are subject to a Lock-Up Agreement Ending ..
CI
09/08Certain Options of JOANN Inc. are subject to a Lock-Up Agreement Ending on 8-..
CI
09/08Certain Restricted Stock Units of JOANN Inc. are subject to a Lock-Up Agreem..
CI
More news
Analyst Recommendations on JOANN INC.
More recommendations
Financials (USD)
Sales 2022 2 463 M - -
Net income 2022 95,5 M - -
Net Debt 2022 600 M - -
P/E ratio 2022 5,40x
Yield 2022 2,51%
Capitalization 503 M 503 M -
EV / Sales 2022 0,45x
EV / Sales 2023 0,39x
Nbr of Employees 15 538
Free-Float 92,1%
Chart JOANN INC.
Duration : Period :
JOANN Inc. Technical Analysis Chart | JOAN | US47768J1016 | MarketScreener
Technical analysis trends JOANN INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 11,94 $
Average target price 15,25 $
Spread / Average Target 27,7%
EPS Revisions
Managers and Directors
Wade D. Miquelon President, Chief Executive Officer & Director
Matt Susz Chief Financial Officer & Senior Vice President
Varadheesh Chennakrishnan Chief Information Officer & Senior Vice President
Janet Duliga Chief Administrative Officer & SVP
Darrell D. Webb Independent Director
Sector and Competitors
1st jan.Capi. (M$)
JOANN INC.0.00%503
TRACTOR SUPPLY COMPANY48.97%23 686
NEXT PLC14.62%14 299
JARIR MARKETING COMPANY20.18%6 670
MARKS AND SPENCER GROUP PLC33.82%4 911
DUFRY AG-22.85%4 182