Janus International Group (NYSE:JBI) Trading Down 5.7% – What’s Next?

Janus International Group, Inc. (NYSE:JBI)’s share price fell 5.7% during mid-day trading on Thursday . The company traded as low as $7.24 and last traded at $7.21. 2,659,225 shares traded hands during trading, an increase of 36% from the average session volume of 1,961,768 shares. The stock had previously closed at $7.64.

Analyst Ratings Changes

A number of equities research analysts have commented on JBI shares. UBS Group reduced their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $12.00 to $7.50 in a research note on Monday, November 4th. Finally, KeyCorp dropped their price target on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Janus International Group has a consensus rating of “Hold” and a consensus target price of $10.25.

Janus International Group Price Performance

The stock has a market capitalization of $1.07 billion, a P/E ratio of 10.53 and a beta of 0.91. The business has a fifty day simple moving average of $7.44 and a 200 day simple moving average of $9.68. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. During the same quarter last year, the company posted $0.27 EPS. The company’s quarterly revenue was down 17.9% compared to the same quarter last year. On average, analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors have recently added to or reduced their stakes in JBI. Point72 Hong Kong Ltd bought a new position in Janus International Group in the 2nd quarter valued at $60,000. Amalgamated Bank boosted its holdings in shares of Janus International Group by 73.2% in the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after buying an additional 2,074 shares during the last quarter. Quarry LP grew its position in Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after buying an additional 4,464 shares during the period. Holocene Advisors LP purchased a new stake in Janus International Group during the third quarter worth about $125,000. Finally, SkyView Investment Advisors LLC bought a new stake in Janus International Group in the second quarter worth about $126,000. 88.78% of the stock is owned by institutional investors.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.