Janus International Group (NYSE:JBI) Shares Gap Down – Should You Sell?

Shares of Janus International Group, Inc. (NYSE:JBI) gapped down before the market opened on Tuesday . The stock had previously closed at $5.37, but opened at $4.80. Janus International Group shares last traded at $5.1950, with a volume of 725,350 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JBI. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research report on Wednesday, June 24th. UBS Group cut their price objective on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Janus International Group currently has a consensus rating of “Hold” and a consensus price target of $8.33.

Janus International Group Trading Down 5.5%

The firm’s fifty day simple moving average is $5.32 and its 200 day simple moving average is $5.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65. The stock has a market capitalization of $704.71 million, a P/E ratio of 16.40 and a beta of 1.47.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. The business had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $238.78 million. During the same period last year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that Janus International Group, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Trading of Janus International Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC lifted its holdings in shares of Janus International Group by 130.0% in the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after acquiring an additional 3,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after purchasing an additional 5,105 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Janus International Group by 771.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after purchasing an additional 6,399 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Janus International Group in the second quarter valued at approximately $70,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Janus International Group during the fourth quarter worth $71,000. 88.78% of the stock is currently owned by institutional investors.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.