Janus International Group (NYSE:JBI) Shares Gap Down – What’s Next?

Janus International Group, Inc. (NYSE:JBIGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $5.37, but opened at $4.80. Janus International Group shares last traded at $5.1950, with a volume of 725,350 shares changing hands.

Key Stories Impacting Janus International Group

Here are the key news stories impacting Janus International Group this week:

Analysts Set New Price Targets

JBI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research report on Wednesday, June 24th. UBS Group dropped their target price on shares of Janus International Group from $6.00 to $5.60 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.20.

Read Our Latest Research Report on Janus International Group

Janus International Group Price Performance

The business has a 50-day moving average of $5.31 and a 200 day moving average of $5.63. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $679.03 million, a P/E ratio of 20.38 and a beta of 1.47.

Janus International Group (NYSE:JBIGet Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Janus International Group had a return on equity of 11.30% and a net margin of 3.68%.The business had revenue of $233.50 million for the quarter, compared to analyst estimates of $238.78 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBI. Clearstead Advisors LLC lifted its position in shares of Janus International Group by 130.0% during the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after buying an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Janus International Group by 1,978.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after buying an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Janus International Group by 771.0% in the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after acquiring an additional 6,399 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Janus International Group in the fourth quarter valued at approximately $71,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Janus International Group during the fourth quarter valued at approximately $81,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

About Janus International Group

(Get Free Report)

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.

Further Reading

Receive News & Ratings for Janus International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Janus International Group and related companies with MarketBeat.com's FREE daily email newsletter.