Janus International Group (NYSE:JBI) Shares Gap Down – Here’s What Happened

Janus International Group, Inc. (NYSE:JBI) shares gapped down prior to trading on Monday . The stock had previously closed at $7.35, but opened at $7.15. Janus International Group shares last traded at $7.21, with a volume of 183,857 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on JBI. KeyCorp reduced their price objective on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $12.00 to $7.50 in a research report on Monday. Benchmark lowered their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Finally, UBS Group reduced their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.25.

Janus International Group Trading Down 3.3 %

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 10.21 and a beta of 0.92. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47. The firm’s fifty day moving average is $9.95 and its 200-day moving average is $12.11.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.00%. The firm had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Janus International Group’s quarterly revenue was down 17.9% on a year-over-year basis. Equities analysts anticipate that Janus International Group, Inc. will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Janus International Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. bought a new stake in shares of Janus International Group during the first quarter worth about $173,000. Mutual of America Capital Management LLC increased its position in shares of Janus International Group by 131.3% during the first quarter. Mutual of America Capital Management LLC now owns 575,474 shares of the company’s stock worth $8,707,000 after acquiring an additional 326,707 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Janus International Group by 15.5% during the first quarter. GSA Capital Partners LLP now owns 75,124 shares of the company’s stock worth $1,137,000 after acquiring an additional 10,094 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Janus International Group by 11.9% during the first quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock worth $49,130,000 after acquiring an additional 345,448 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Janus International Group during the first quarter worth about $257,000. 88.78% of the stock is owned by institutional investors.

Janus International Group Company Profile

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.