Janus International Group, Inc. (NYSE:JBI) Short Interest Update

Janus International Group, Inc. (NYSE:JBI) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 13,310,000 shares, a decline of 12.7% from the October 31st total of 15,240,000 shares. Approximately 9.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,320,000 shares, the short-interest ratio is currently 5.7 days.

Janus International Group Trading Up 1.2 %

Shares of JBI traded up $0.09 during trading hours on Friday, reaching $7.48. 607,827 shares of the company traded hands, compared to its average volume of 1,840,441. Janus International Group has a 12 month low of $6.68 and a 12 month high of $15.86. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average price is $8.73 and its two-hundred day moving average price is $11.15. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.39 and a beta of 0.92.

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

Institutional Trading of Janus International Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in Janus International Group by 47.8% in the third quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock worth $44,144,000 after purchasing an additional 1,411,802 shares during the period. Victory Capital Management Inc. raised its stake in Janus International Group by 2,063.3% during the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock valued at $16,915,000 after buying an additional 1,277,377 shares during the last quarter. Wasatch Advisors LP raised its stake in Janus International Group by 30.0% during the third quarter. Wasatch Advisors LP now owns 4,690,089 shares of the company’s stock valued at $47,417,000 after buying an additional 1,081,828 shares during the last quarter. Cooke & Bieler LP boosted its holdings in Janus International Group by 33.8% in the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after acquiring an additional 966,346 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Janus International Group by 403.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,075,180 shares of the company’s stock valued at $10,870,000 after acquiring an additional 861,670 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JBI. Benchmark dropped their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $7.50 in a report on Monday, November 4th. KeyCorp lowered their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. UBS Group decreased 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 research report on Wednesday, October 30th. Finally, Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Janus International Group has an average rating of “Hold” and a consensus target price of $10.25.

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.