JELD-WEN (NYSE:JELD) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of JELD-WEN (NYSE:JELD) from a hold rating to a strong sell rating in a research note published on Monday morning.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group raised their price target on shares of JELD-WEN from $3.75 to $5.25 and gave the company a “hold” rating in a research report on Wednesday, August 20th. UBS Group raised their target price on JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a report on Thursday, August 7th. Barclays cut their target price on JELD-WEN from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JELD-WEN in a research report on Tuesday, October 14th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, JELD-WEN currently has a consensus rating of “Reduce” and an average price target of $4.61.

JELD-WEN Price Performance

Shares of JELD opened at $2.19 on Monday. The business’s fifty day moving average is $4.79 and its 200 day moving average is $4.67. JELD-WEN has a 12-month low of $2.12 and a 12-month high of $11.66. The company has a quick ratio of 1.01, a current ratio of 1.76 and a debt-to-equity ratio of 10.14. The stock has a market cap of $186.66 million, a P/E ratio of -0.29 and a beta of 1.69.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.38). The business had revenue of $809.48 million for the quarter, compared to analyst estimates of $823.58 million. JELD-WEN had a negative return on equity of 13.54% and a negative net margin of 19.28%.The business’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. JELD-WEN has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Large investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in shares of JELD-WEN by 0.9% in the 1st quarter. American Century Companies Inc. now owns 5,829,115 shares of the company’s stock worth $34,800,000 after buying an additional 53,175 shares during the last quarter. Vanguard Group Inc. raised its position in JELD-WEN by 3.0% in the third quarter. Vanguard Group Inc. now owns 5,021,099 shares of the company’s stock worth $24,654,000 after acquiring an additional 145,755 shares during the period. Federated Hermes Inc. boosted its stake in JELD-WEN by 94.2% in the second quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company’s stock valued at $10,615,000 after acquiring an additional 1,313,463 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JELD-WEN by 11.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company’s stock valued at $14,865,000 after acquiring an additional 264,510 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of JELD-WEN by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,016,339 shares of the company’s stock worth $7,905,000 after purchasing an additional 24,909 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.