JAN’s (NYSE:JAN) Lock-Up Period Set To End on September 16th

JAN’s (NYSE:JAN) lock-up period will end on Wednesday, September 16th. JAN had issued 42,000,000 shares in its IPO on March 20th. The total size of the offering was $840,000,000 based on an initial share price of $20.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JAN. KeyCorp boosted their target price on JAN from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Wells Fargo & Company increased their price target on JAN from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded JAN from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Barclays boosted their price objective on JAN from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, August 31st. Finally, Royal Bank Of Canada raised their target price on JAN from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.71.

JAN Stock Performance

JAN opened at $30.76 on Friday. JAN has a twelve month low of $22.76 and a twelve month high of $32.83. The company has a 50-day moving average of $30.34.

JAN (NYSE:JAN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.18). The firm had revenue of $216.46 million for the quarter, compared to the consensus estimate of $203.32 million. The firm’s revenue for the quarter was up 45.4% on a year-over-year basis. JAN has set its FY 2026 guidance at 0.950-0.980 EPS. As a group, research analysts anticipate that JAN will post 0.97 earnings per share for the current fiscal year.

JAN Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Friday, September 11th will be given a $0.0475 dividend. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 11th.

JAN News Summary

Here are the key news stories impacting JAN this week:

• Positive Sentiment: Huntington’s “Outperform” rating and $36 target provide a new positive valuation signal and suggest the analyst sees potential for further appreciation. JAN receives Huntington Outperform rating and $36 price target
• Neutral Sentiment: A recent article about JAN-PRO of San Antonio outlined cleaning requirements for hotels and hospitality. The item may support brand visibility and franchise activity, but it contained no specific financial guidance or material company-wide update. JAN-PRO hospitality cleaning requirements
• Negative Sentiment: Investor sentiment remains constrained by JAN’s latest quarterly earnings miss: adjusted earnings were $0.05 per share versus a $0.23 consensus estimate, even though revenue reached $216.46 million and increased 45.4% year over year. The earnings shortfall may be outweighing the new analyst optimism in the near term.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in JAN in the 2nd quarter worth about $8,739,000. Readystate Asset Management LP purchased a new stake in JAN during the second quarter valued at about $1,724,000. Greenland Capital Management LP purchased a new stake in JAN during the second quarter valued at about $575,000. Engineers Gate Manager LP bought a new position in JAN during the second quarter worth about $15,274,000. Finally, WINTON GROUP Ltd bought a new position in JAN during the second quarter worth about $2,985,000. Institutional investors own 6.27% of the company’s stock.

About JAN

JanOne Inc is a technology and life sciences company focused on addressing the global opioid crisis. The company’s activities include developing and supporting pharmaceutical and other solutions intended to help reduce opioid-related deaths and dependency.

JanOne has also pursued blockchain and financial technology initiatives through its Alt 5 Sigma operations. These activities have included blockchain-based payment, digital asset and financial services solutions designed to help businesses manage transactions and related digital assets.

The company serves markets through its healthcare, technology and financial services initiatives, with an emphasis on solutions that can be applied internationally.