Janus International Group (NYSE:JBI) Sets New 1-Year Low - Should You Sell?

Key Points

• Janus International Group shares fell to a new 52-week low of $4.03, below both their 50-day and 200-day moving averages, amid ongoing market pressure.
• Analyst sentiment is mixed but leans cautious: the stock has an average “Hold” rating and a $7.30 price target, while UBS lowered its target to $5.60 and Weiss Ratings maintained a sell rating.
• Although quarterly EPS of $0.17 exceeded estimates, revenue of $233.5 million missed forecasts; year-over-year revenue rose 2.4%, and institutional investors own 88.78% of the company.

Shares of Janus International Group, Inc. (NYSE:JBI - Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $4.03 and last traded at $4.0250, with a volume of 119780 shares changing hands. The stock had previously closed at $4.09.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JBI shares. UBS Group reduced their price objective on shares of Janus International Group from $6.00 to $5.60 and set a "neutral" rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Janus International Group in a report on Monday, September 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $7.30.

Janus International Group Trading Up 0.6%

The business has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $5.14. The stock has a market capitalization of $561.45 million, a price-to-earnings ratio of 17.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.94 and a quick ratio of 2.50.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. Janus International Group had a return on equity of 11.27% and a net margin of 3.68%.The company had revenue of $233.50 million for the quarter, compared to analyst estimates of $238.78 million. During the same quarter last year, the firm posted $0.20 earnings per share. Janus International Group's revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that Janus International Group, Inc. will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Janus International Group

Several large investors have recently made changes to their positions in the stock. ProShare Advisors LLC increased its holdings in Janus International Group by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 24,793 shares of the company's stock worth $162,000 after purchasing an additional 1,597 shares in the last quarter. State of Wyoming boosted its position in shares of Janus International Group by 2.4% during the fourth quarter. State of Wyoming now owns 100,379 shares of the company's stock worth $656,000 after buying an additional 2,339 shares during the period. Clearstead Advisors LLC boosted its position in shares of Janus International Group by 130.0% during the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company's stock worth $35,000 after buying an additional 3,017 shares during the period. Allworth Financial LP grew its holdings in shares of Janus International Group by 982.2% during the second quarter. Allworth Financial LP now owns 4,621 shares of the company's stock worth $26,000 after buying an additional 4,194 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Janus International Group in the 2nd quarter valued at approximately $62,000. Institutional investors own 88.78% of the company's stock.

Janus International Group Company Profile

Janus International Group, Inc NYSE: JBI is a manufacturer and provider of building products and services for the self-storage and commercial and industrial sectors. The company serves facility owners, operators, developers and contractors with products designed for new construction, facility expansion, repair, remodeling and retrofitting.

Its product portfolio includes roll-up doors, hallway systems, self-storage building components, commercial and industrial doors, relocatable storage units, access-control systems and facility automation technologies.

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