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

Shares of Janus International Group, Inc. (NYSE:JBI) gapped down prior to trading on Monday . The stock had previously closed at $5.21, but opened at $4.92. Janus International Group shares last traded at $5.0950, with a volume of 30,449 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on JBI shares. KeyCorp lowered their target price on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. Finally, Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.17.

Janus International Group Stock Performance

The stock has a fifty day moving average of $5.51 and a 200-day moving average of $6.57. The firm has a market capitalization of $708.88 million, a P/E ratio of 13.09 and a beta of 1.49. The company has a quick ratio of 3.04, a current ratio of 3.54 and a debt-to-equity ratio of 0.94.

Janus International Group (NYSE:JBI) last released its earnings results on Wednesday, March 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $226.30 million for the quarter, compared to the consensus estimate of $217.45 million. Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. On average, research analysts anticipate that Janus International Group, Inc. will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Clearstead Advisors LLC grew its holdings in 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. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Janus International Group by 1,978.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after purchasing an additional 5,105 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Janus International Group during the third quarter worth about $70,000. Russell Investments Group Ltd. boosted its position in shares of Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Janus International Group during the 4th quarter valued at $71,000. 88.78% of the stock is owned by institutional investors.

Janus International Group Company Profile

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.