Janus International Group (NYSE:JBI) Shares Down 5.7% – Here’s What Happened

Shares of Janus International Group, Inc. (NYSE:JBI) fell 5.7% during mid-day trading on Thursday . The stock 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 brokerages recently commented on JBI. UBS Group dropped their price objective on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $12.00 to $7.50 in a research note on Monday, November 4th. Finally, KeyCorp reduced their price objective on Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Janus International Group currently has an average rating of “Hold” and a consensus target price of $10.25.

Janus International Group Trading Down 5.5 %

The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The business’s 50-day moving average is $7.44 and its two-hundred day moving average is $9.73. The firm has a market cap of $1.02 billion, a P/E ratio of 10.03 and a beta of 0.91.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same quarter in the previous year, the business earned $0.27 EPS. Janus International Group’s revenue was down 17.9% on a year-over-year basis. As a group, analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

Large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in Janus International Group in the second quarter valued at approximately $60,000. Amalgamated Bank raised its stake in 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 acquiring an additional 2,074 shares during the period. Quarry LP lifted its holdings in Janus International Group by 216.4% during the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after purchasing an additional 4,464 shares during the last quarter. Holocene Advisors LP bought a new position in Janus International Group during the third quarter worth $125,000. Finally, SkyView Investment Advisors LLC bought a new position in Janus International Group during the second quarter worth $126,000. Institutional investors and hedge funds 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.