Janus International Group (NYSE:JBI) Sets New 52-Week Low – Here’s What Happened

Janus International Group, Inc. (NYSE:JBI) reached a new 52-week low on Thursday. The stock traded as low as $4.24 and last traded at $4.2650, with a volume of 2047341 shares. The stock had previously closed at $4.47.

Analysts Set New Price Targets

Several analysts recently weighed in on JBI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday. UBS Group dropped their price target on Janus International Group from $6.00 to $5.60 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Janus International Group presently has an average rating of “Hold” and a consensus target price of $7.30.

Janus International Group Stock Up 2.3%

The company has a debt-to-equity ratio of 0.94, a current ratio of 2.94 and a quick ratio of 2.50. The stock has a market capitalization of $575.23 million, a P/E ratio of 17.57 and a beta of 1.45. The firm has a 50 day moving average of $4.97 and a 200-day moving average of $5.16.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Janus International Group had a return on equity of 11.27% and a net margin of 3.68%.The company had revenue of $233.50 million during the quarter, compared to the consensus estimate of $238.78 million. During the same quarter last year, the company earned $0.20 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts expect 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 bought and sold shares of the company. ProShare Advisors LLC boosted its stake in Janus International Group by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock worth $162,000 after buying an additional 1,597 shares in the last quarter. State of Wyoming raised its stake in shares of Janus International Group by 2.4% in the 4th quarter. State of Wyoming now owns 100,379 shares of the company’s stock valued at $656,000 after buying an additional 2,339 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Janus International Group by 130.0% in the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock valued at $35,000 after buying an additional 3,017 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Janus International Group by 982.2% during the 2nd quarter. Allworth Financial LP now owns 4,621 shares of the company’s stock worth $26,000 after acquiring an additional 4,194 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Janus International Group during the 2nd quarter worth about $62,000. 88.78% of the stock is owned by institutional investors.

Janus International Group Company Profile

Janus International Group, Inc (NYSE:JBI) is a manufacturer and provider of building products and services for the self-storage and commercial and industrial sectors. The company serves facility owners, operators, developers and contractors with products designed for new construction, facility expansion, repair, remodeling and retrofitting.

Its product portfolio includes roll-up doors, hallway systems, self-storage building components, commercial and industrial doors, relocatable storage units, access-control systems and facility automation technologies.