Janus International Group (NYSE:JBI) Sets New 12-Month Low - What's Next?

Key Points

• Janus International Group shares hit a new 52-week low of $4.25, closing down 3.3% at approximately $4.27. The stock trades below both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans neutral: the consensus rating is Hold, with a $7.30 target price, while UBS cut its target from $6.00 to $5.60 and Weiss Ratings reiterated a sell rating.
• In its latest quarter, Janus beat EPS estimates with $0.17 versus $0.14 expected, although revenue of $233.5 million fell short of forecasts. Revenue still increased 2.4% year over year, and institutional investors own 88.78% of the stock.

Shares of Janus International Group, Inc. (NYSE:JBI - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $4.25 and last traded at $4.2650, with a volume of 1248249 shares traded. The stock had previously closed at $4.43.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Janus International Group in a research note on Wednesday, June 24th. 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 report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.30.

Janus International Group Trading Down 3.3%

The business has a fifty day moving average price of $5.10 and a 200 day moving average price of $5.24. The firm has a market cap of $584.63 million, a PE ratio of 17.81 and a beta of 1.45. The company has a current ratio of 2.94, a quick ratio of 2.50 and a debt-to-equity ratio of 0.94.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $233.50 million during the quarter, compared to the consensus estimate of $238.78 million. During the same period in the prior year, the company posted $0.20 earnings per share. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. Analysts forecast that Janus International Group, Inc. will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Janus International Group

Several hedge funds and other institutional investors have recently bought and sold shares of JBI. Cooke & Bieler LP raised its position in Janus International Group by 12.7% in the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company's stock valued at $50,661,000 after purchasing an additional 874,131 shares during the last quarter. River Road Asset Management LLC grew its position in Janus International Group by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company's stock worth $29,874,000 after purchasing an additional 95,032 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Janus International Group by 12.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company's stock worth $21,657,000 after purchasing an additional 474,205 shares during the last quarter. MW Advisory LLC acquired a new position in Janus International Group in the second quarter valued at $12,119,000. Finally, RBF Capital LLC raised its holdings in shares of Janus International Group by 33.6% in the first quarter. RBF Capital LLC now owns 1,401,614 shares of the company's stock valued at $7,218,000 after buying an additional 352,430 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

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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