Janus International Group (NYSE:JBI) Trading Down 5.3% After Analyst Downgrade

Janus International Group, Inc. (NYSE:JBI)’s stock price dropped 5.3% during trading on Tuesday after Jefferies Financial Group lowered their price target on the stock from $15.00 to $12.00. Jefferies Financial Group currently has a buy rating on the stock. Janus International Group traded as low as $9.73 and last traded at $9.73. Approximately 128,770 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,899,757 shares. The stock had previously closed at $10.27.

Several other brokerages have also recently issued reports on JBI. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. KeyCorp lowered their price objective on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Benchmark reduced their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, UBS Group lowered their price target on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Janus International Group has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Insiders Place Their Bets

In related news, insider Peter Frayser sold 15,000 shares of Janus International Group stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now directly owns 217,805 shares of the company’s stock, valued at $3,267,075. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tucker Asset Management LLC purchased a new stake in shares of Janus International Group in the fourth quarter worth about $35,000. Point72 Hong Kong Ltd acquired a new position in shares of Janus International Group in the 2nd quarter valued at $60,000. Amalgamated Bank lifted its stake 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 valued at $62,000 after purchasing an additional 2,074 shares during the period. Quarry LP boosted its holdings in Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after buying an additional 4,464 shares in the last quarter. Finally, Comerica Bank grew its position in Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after buying an additional 2,962 shares during the period. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Stock Down 7.8 %

The business’s fifty day simple moving average is $12.12 and its two-hundred day simple moving average is $13.46. The company has a market cap of $1.38 billion, a PE ratio of 9.77 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The business had revenue of $248.40 million during the quarter, compared to analyst estimates of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. On average, analysts predict that Janus International Group, Inc. will post 0.86 earnings per share for the current year.

Janus International Group Company Profile

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.