Janus International Group, Inc. $JBI Stock Position Raised by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Janus International Group by 11.2% to approximately $9.46 million, owning around 1.3 million shares as of its latest SEC filing.
• Analysts have recently raised their price targets for Janus International Group, with a consensus rating of "Hold" and an average price target of $10.67.
• The company reported quarterly earnings of $0.20 per share, exceeding estimates, while revenue was down 8.2% year-over-year.

Charles Schwab Investment Management Inc. lifted its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,313,377 shares of the company's stock after buying an additional 132,506 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of Janus International Group worth $9,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBI. Pacer Advisors Inc. purchased a new position in Janus International Group in the first quarter valued at about $8,621,000. Dimensional Fund Advisors LP lifted its holdings in Janus International Group by 21.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,442,612 shares of the company's stock worth $25,303,000 after buying an additional 609,765 shares during the last quarter. Royce & Associates LP lifted its holdings in Janus International Group by 14.0% during the 1st quarter. Royce & Associates LP now owns 2,127,169 shares of the company's stock worth $15,316,000 after buying an additional 261,116 shares during the last quarter. Isthmus Partners LLC bought a new position in Janus International Group during the 1st quarter worth approximately $1,874,000. Finally, Wellington Management Group LLP lifted its holdings in Janus International Group by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 4,585,908 shares of the company's stock worth $33,706,000 after buying an additional 219,506 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group increased their target price on Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Jefferies Financial Group increased their price target on Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, KeyCorp increased their price target on Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Janus International Group has an average rating of "Hold" and a consensus target price of $10.67.

Janus International Group Price Performance

Shares of JBI stock traded down $0.08 during mid-day trading on Friday, hitting $10.33. 498,232 shares of the stock traded hands, compared to its average volume of 1,340,211. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $11.05. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 33.32 and a beta of 1.25. The company's 50-day simple moving average is $9.24 and its 200-day simple moving average is $8.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.26 and a current ratio of 2.61.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The company had revenue of $228.10 million for the quarter, compared to analysts' expectations of $216.99 million. During the same period last year, the firm earned $0.21 EPS. The firm's revenue for the quarter was down 8.2% on a year-over-year basis. Janus International Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group announced that its board has authorized a stock repurchase program on Thursday, May 15th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Janus International Group Company Profile

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.