Jefferies Financial Group Downgrades Janus International Group (NYSE:JBI) to Hold

Jefferies Financial Group cut shares of Janus International Group (NYSE:JBI - Free Report) from a buy rating to a hold rating in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has $7.50 price target on the stock, down from their previous price target of $12.00.

Several other research firms also recently commented on JBI. UBS Group reduced their price objective on 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. Wolfe Research lowered shares of Janus International Group from an "outperform" rating to a "peer perform" rating in a report on Monday, August 12th. KeyCorp decreased 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 research note on Wednesday, October 30th. Finally, Benchmark decreased their target price on shares of Janus International Group from $21.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $10.25.

Janus International Group Price Performance

Shares of Janus International Group stock traded down $0.31 on Monday, reaching $7.04. The company's stock had a trading volume of 3,337,379 shares, compared to its average volume of 2,042,226. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $1.02 billion, a P/E ratio of 9.78 and a beta of 0.92. The stock has a 50-day moving average price of $9.87 and a 200-day moving average price of $12.03. Janus International Group has a 52-week low of $6.68 and a 52-week high of $15.86.

Janus International Group (NYSE:JBI - Get Free Report) last announced 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 company had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. During the same quarter last year, the business earned $0.27 EPS. The firm's revenue for the quarter was down 17.9% compared to the same quarter last year. Analysts expect that Janus International Group will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Atria Investments Inc increased its position in shares of Janus International Group by 13.4% during the third quarter. Atria Investments Inc now owns 13,889 shares of the company's stock valued at $140,000 after acquiring an additional 1,643 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in Janus International Group in the 3rd quarter valued at approximately $249,000. Principal Financial Group Inc. raised its position in Janus International Group by 854.2% in the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company's stock valued at $1,849,000 after purchasing an additional 163,711 shares during the period. River Road Asset Management LLC acquired a new position in Janus International Group during the third quarter worth $8,256,000. Finally, Bernzott Capital Advisors boosted its position in shares of Janus International Group by 32.7% during the third quarter. Bernzott Capital Advisors now owns 693,343 shares of the company's stock worth $7,010,000 after buying an additional 171,038 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.

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.