Janus International Group (NYSE:JBI) Sets New 52-Week Low - Here's Why

Key Points

• Janus International Group shares fell 4.6% to a new 52-week low of $4.24, well below their 50-day and 200-day moving averages, amid continued analyst caution.
• Analysts maintain an average “Hold” rating, with a $7.30 consensus price target; UBS lowered its target to $5.60, while Weiss Ratings reiterated a sell rating.
• The company beat quarterly EPS estimates at $0.17 versus $0.14 expected, but revenue of $233.5 million fell short of forecasts. Hedge funds and other institutions own a substantial 88.78% of the shares.

Janus International Group, Inc. (NYSE:JBI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.24 and last traded at $4.2650, with a volume of 2047341 shares. The stock had previously closed at $4.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Janus International Group in a report on Monday. UBS Group decreased their price objective on shares of Janus International Group from $6.00 to $5.60 and set a "neutral" rating for the company in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.30.

Janus International Group Trading Down 4.6%

The stock has a 50-day simple moving average of $5.02 and a two-hundred day simple moving average of $5.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.50 and a current ratio of 2.94. The firm has a market cap of $581.92 million, a PE ratio of 17.77 and a beta of 1.45.

Janus International Group (NYSE:JBI - Get Free Report) last announced 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. The firm had revenue of $233.50 million during the quarter, compared to analyst estimates of $238.78 million. Janus International Group had a net margin of 3.68% and a return on equity of 11.27%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. As a group, sell-side analysts anticipate that Janus International Group, Inc. will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Janus International Group

Hedge funds have recently added to or reduced their stakes in the stock. River Road Asset Management LLC increased its position in Janus International Group by 2.1% during the fourth quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company's stock valued at $29,874,000 after acquiring an additional 95,032 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Janus International Group by 12.7% in the first 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 bought a new stake in shares of Janus International Group during the 2nd quarter valued at about $12,119,000. Anchor Capital Management Company LLC increased its position in shares of Janus International Group by 118.0% during the 4th quarter. Anchor Capital Management Company LLC now owns 1,209,226 shares of the company's stock valued at $7,908,000 after purchasing an additional 654,563 shares during the last quarter. Finally, RBF Capital LLC increased its position in shares of Janus International Group by 33.6% during the 1st quarter. RBF Capital LLC now owns 1,401,614 shares of the company's stock valued at $7,218,000 after purchasing an additional 352,430 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

About Janus International Group

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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