Janus International Group (NYSE:JBI) Hits New 12-Month High - Here's Why

Key Points

• Janus International Group's stock reached a new 52-week high of $10.80 during trading, closing at $10.51.
• KeyCorp and Jefferies Financial Group raised their price targets for Janus International Group to $12.00 and $10.00, respectively, as analysts maintain a mixed rating with an average target price of $10.67.
• The company reported earnings of $0.20 per share, surpassing expectations and indicating revenue growth, although its revenue was down 8.2% year-over-year.

Janus International Group, Inc. (NYSE:JBI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.80 and last traded at $10.51, with a volume of 360505 shares traded. The stock had previously closed at $10.39.

Analysts Set New Price Targets

Several research firms have weighed in on JBI. KeyCorp boosted their price target on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Jefferies Financial Group boosted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the stock 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 boosted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.67.

Janus International Group Stock Down 2.3%

The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00. The company's fifty day moving average is $9.64 and its 200-day moving average is $8.41. The company has a market cap of $1.41 billion, a PE ratio of 32.76 and a beta of 1.31.

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

Institutional Trading of Janus International Group

A number of institutional investors and hedge funds have recently bought and sold shares of JBI. AlphaQuest LLC increased its holdings in shares of Janus International Group by 336.2% in the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock worth $37,000 after buying an additional 3,924 shares during the last quarter. Quarry LP purchased a new position in shares of Janus International Group during the 1st quarter worth about $43,000. Russell Investments Group Ltd. boosted its stake 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 worth $59,000 after purchasing an additional 6,399 shares during the period. 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 purchasing an additional 9,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Janus International Group during the 1st quarter worth about $72,000. 88.78% of the stock is currently owned by institutional investors.

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.

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