Vident Advisory LLC Buys New Stake in Janus International Group, Inc. $JBI

Key Points

• Vident Advisory LLC has acquired a new stake of 55,547 shares in Janus International Group, Inc. valued at approximately $400,000.
• Janus International Group has received positive ratings from analysts, with KeyCorp raising its target price from $10.00 to $12.00, reflecting an "overweight" rating.
• The company has initiated a share repurchase plan authorizing the buyback of up to $75 million in shares, indicating that its board believes the stock is undervalued.

Vident Advisory LLC bought a new position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 55,547 shares of the company's stock, valued at approximately $400,000.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of Janus International Group by 336.2% during the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock worth $37,000 after acquiring an additional 3,924 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Janus International Group by 42.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after acquiring an additional 1,544 shares in the last quarter. Group One Trading LLC boosted its stake in shares of Janus International Group by 9,000.0% during the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after acquiring an additional 9,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Janus International Group during the 1st quarter worth about $72,000. Finally, CWM LLC lifted its stake in Janus International Group by 571.1% in the 1st quarter. CWM LLC now owns 11,012 shares of the company's stock valued at $79,000 after buying an additional 9,371 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Janus International Group Price Performance

JBI stock traded down $0.21 during mid-day trading on Tuesday, reaching $10.00. The company's stock had a trading volume of 727,454 shares, compared to its average volume of 921,301. The stock has a market cap of $1.39 billion, a PE ratio of 32.26 and a beta of 1.31. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $10.73. The company's 50 day moving average is $9.51 and its two-hundred day moving average is $8.34.

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

Janus International Group announced that its Board of Directors has initiated a share buyback program on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Janus International Group 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.