Janus International Group (NYSE:JBI) Share Price Breaks Above 50-Day Moving Average - What's Next?

Key Points

• Janus International Group shares crossed above their 50-day moving average, reaching $4.57 and last trading near $4.55 on volume of approximately 3.1 million shares.
• Analyst sentiment remains cautious: the stock has an overall “Hold” rating, a consensus price target of $7.30, and recent actions included UBS lowering its target to $5.60 and maintaining a neutral rating.
• The company exceeded quarterly earnings expectations with EPS of $0.17 versus $0.14 expected, although revenue of $233.5 million fell short of estimates; institutional investors own 88.78% of the shares.

Janus International Group, Inc. (NYSE:JBI - Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $4.49 and traded as high as $4.57. Janus International Group shares last traded at $4.5490, with a volume of 3,076,065 shares traded.

Analyst Ratings Changes

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

Janus International Group Price Performance

The firm has a market cap of $620.67 million, a PE ratio of 18.95 and a beta of 1.43. The stock's fifty day moving average price is $4.49 and its 200-day moving average price is $5.39. 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 posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $233.50 million for the quarter, compared to the consensus estimate of $238.78 million. Janus International Group had a net margin of 3.68% and a return on equity of 11.27%. The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. As a group, equities analysts expect that Janus International Group, Inc. will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Janus International Group by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company's stock valued at $21,657,000 after buying an additional 474,205 shares in the last quarter. MW Advisory LLC acquired a new stake in shares of Janus International Group in the 2nd quarter worth $12,119,000. RBF Capital LLC raised its holdings 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 worth $7,218,000 after acquiring an additional 352,430 shares during the period. Bernzott Capital Advisors raised its holdings in shares of Janus International Group by 26.2% during the 1st quarter. Bernzott Capital Advisors now owns 1,076,690 shares of the company's stock worth $5,545,000 after acquiring an additional 223,270 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Janus International Group by 13.5% during the 1st quarter. Bank of America Corp DE now owns 916,906 shares of the company's stock worth $4,722,000 after acquiring an additional 109,113 shares during the period. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Company Profile

Janus International Group, Inc NYSE: JBI is a global manufacturer and supplier of building products and technology solutions for the self-storage and commercial construction industries. The company provides systems designed to support the development, renovation, operation and security of storage facilities and other commercial properties.

Its products and services include roll-up doors, hallway systems, relocatable storage units, facility and building components, and access-control solutions.

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