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

Janus International Group, Inc. (NYSE:JBI)’s stock price gapped down before the market opened 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

JBI has been the topic of several analyst reports. KeyCorp cut their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $12.00 to $7.50 in a report on Monday. UBS Group cut their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Benchmark cut their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.25.

Janus International Group Trading Down 3.3 %

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 stock has a market capitalization of $1.03 billion, a PE ratio of 10.21 and a beta of 0.92. The stock’s 50 day simple moving average is $9.95 and its two-hundred day simple 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 for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.00%. The firm’s revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. On average, sell-side analysts expect that Janus International Group, Inc. will post 0.84 EPS for the current year.

Institutional Trading of Janus International Group

A number of institutional investors have recently modified their holdings of JBI. Point72 Hong Kong Ltd purchased a new stake in shares of Janus International Group during the 2nd quarter valued at approximately $60,000. Amalgamated Bank increased its holdings in Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after acquiring an additional 2,074 shares during the period. Quarry LP increased its holdings in Janus International Group by 216.4% during the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after acquiring an additional 4,464 shares during the period. Comerica Bank increased its holdings in Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after acquiring an additional 2,962 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in Janus International Group during the 2nd quarter worth approximately $126,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

About Janus International Group

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.