Janus International Group (NYSE:JBI) Reaches New 12-Month Low – Time to Sell?

Janus International Group, Inc. (NYSE:JBI) hit a new 52-week low on Thursday . The stock traded as low as $5.99 and last traded at $5.9980, with a volume of 1043724 shares changing hands. The stock had previously closed at $6.24.

Analysts Set New Price Targets

JBI has been the topic of a number of recent research reports. KeyCorp raised their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Wall Street Zen downgraded Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Janus International Group in a research note on Wednesday, October 8th. UBS Group dropped their price objective on Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Jefferies Financial Group increased their target price on Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.17.

Janus International Group Price Performance

The company has a 50 day moving average of $9.46 and a 200 day moving average of $9.04. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96. The firm has a market cap of $819.73 million, a price-to-earnings ratio of 17.37 and a beta of 1.34.

Janus International Group (NYSE:JBI) last posted its earnings results on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $148.59 million during the quarter. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%. Equities research analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JBI. AlphaQuest LLC lifted its holdings in shares of Janus International Group by 336.2% in the first quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after purchasing an additional 3,924 shares in the last quarter. Quarry LP bought a new stake in Janus International Group in the 1st quarter valued at approximately $43,000. State of Alaska Department of Revenue acquired a new position in Janus International Group during the 3rd quarter worth approximately $70,000. Russell Investments Group Ltd. boosted its position in Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after acquiring an additional 6,399 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Janus International Group by 571.1% during the 1st quarter. CWM LLC now owns 11,012 shares of the company’s stock worth $79,000 after acquiring an additional 9,371 shares in the last quarter. Institutional investors own 88.78% of the company’s stock.

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.