Janus International Group, Inc. (NYSE:JBI) Short Interest Up 26.2% in February

Janus International Group, Inc. (NYSE:JBIGet Free Report) was the target of a significant growth in short interest during the month of February. As of February 29th, there was short interest totalling 5,010,000 shares, a growth of 26.2% from the February 14th total of 3,970,000 shares. Based on an average trading volume of 2,040,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.7% of the company’s stock are sold short.

Janus International Group Stock Up 1.4 %

Shares of JBI opened at $14.72 on Friday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 16.00 and a beta of 0.94. The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.17. Janus International Group has a 12 month low of $8.66 and a 12 month high of $15.86. The company has a 50-day moving average price of $14.53 and a two-hundred day moving average price of $12.13.

Janus International Group (NYSE:JBIGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $263.70 million for the quarter, compared to analyst estimates of $284.01 million. Janus International Group had a return on equity of 30.00% and a net margin of 12.73%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. Equities analysts predict that Janus International Group will post 1.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Benchmark lowered their price target on Janus International Group from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. TheStreet upgraded shares of Janus International Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Janus International Group presently has a consensus rating of “Moderate Buy” and an average price target of $15.38.

Get Our Latest Research Report on Janus International Group

Insider Transactions at Janus International Group

In other Janus International Group news, VP Norman V. Nettie sold 90,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the transaction, the vice president now directly owns 285,786 shares of the company’s stock, valued at $4,363,952.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Morgan Hodges sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.26, for a total value of $2,289,000.00. Following the sale, the executive vice president now directly owns 203,865 shares of the company’s stock, valued at $3,110,979.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Norman V. Nettie sold 90,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.27, for a total value of $1,374,300.00. Following the completion of the sale, the vice president now directly owns 285,786 shares in the company, valued at $4,363,952.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 638,841 shares of company stock valued at $9,331,976. 42.90% of the stock is owned by insiders.

Institutional Trading of Janus International Group

Hedge funds have recently modified their holdings of the company. Wasatch Advisors Inc. increased its holdings in shares of Janus International Group by 3.0% in the first quarter. Wasatch Advisors Inc. now owns 14,874,590 shares of the company’s stock valued at $133,871,000 after purchasing an additional 433,236 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Janus International Group by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after purchasing an additional 2,458,953 shares in the last quarter. BlackRock Inc. grew its holdings in Janus International Group by 11.3% during the 2nd quarter. BlackRock Inc. now owns 7,412,925 shares of the company’s stock worth $79,022,000 after acquiring an additional 753,414 shares during the period. Senvest Management LLC grew its holdings in Janus International Group by 2.4% during the 2nd quarter. Senvest Management LLC now owns 6,478,681 shares of the company’s stock worth $69,063,000 after acquiring an additional 150,000 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Janus International Group by 59.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock worth $71,263,000 after acquiring an additional 2,027,286 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Janus International Group Company Profile

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Janus International Group, Inc manufacturers, supplies, and provides 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.

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