Janus International Group (NYSE:JBI) Trading Up 5.6% - What's Next?

Shares of Janus International Group, Inc. (NYSE:JBI - Get Free Report) rose 5.6% during mid-day trading on Monday . The stock traded as high as $8.23 and last traded at $8.31. Approximately 114,120 shares were traded during trading, a decline of 94% from the average daily volume of 1,793,673 shares. The stock had previously closed at $7.87.

Analysts Set New Price Targets

Several research analysts recently issued reports on JBI shares. Jefferies Financial Group lowered Janus International Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. KeyCorp lowered their price objective on Janus International Group from $13.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, UBS Group lowered their price target on shares of Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.25.

Janus International Group Stock Up 7.1 %

The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $7.51 and a 200 day moving average of $9.45. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 11.70 and a beta of 0.91.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The business's revenue was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Institutional Trading of Janus International Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Janus International Group by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,329,114 shares of the company's stock worth $29,419,000 after purchasing an additional 290,764 shares in the last quarter. 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 purchasing an additional 2,074 shares in the last quarter. Sei Investments Co. grew its holdings in Janus International Group by 32.1% during the second quarter. Sei Investments Co. now owns 260,948 shares of the company's stock worth $3,296,000 after buying an additional 63,461 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Janus International Group by 2,140.7% during the second quarter. Squarepoint Ops LLC now owns 414,768 shares of the company's stock worth $5,239,000 after buying an additional 396,257 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Janus International Group by 68.0% during the second quarter. AQR Capital Management LLC now owns 104,449 shares of the company's stock worth $1,319,000 after buying an additional 42,294 shares in the last quarter. 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.