Janus International Group, Inc. (NYSE:JBI) Short Interest Up 10.5% in June

Janus International Group, Inc. (NYSE:JBI) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 19,120,000 shares, a growth of 10.5% from the May 31st total of 17,300,000 shares. Currently, 13.6% of the shares of the stock are short sold. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is currently 11.7 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on JBI shares. Jefferies Financial Group initiated coverage on shares of Janus International Group in a research note on Monday, April 15th. They set a “buy” rating and a $20.00 price target on the stock. Benchmark restated a “buy” rating and set a $21.00 target price on shares of Janus International Group in a research report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.30.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock worth $203,554,000 after acquiring an additional 1,817,144 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position 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 purchasing an additional 2,027,286 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Janus International Group by 23.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock valued at $79,414,000 after buying an additional 988,435 shares during the period. Wasatch Advisors LP lifted its position in Janus International Group by 16.1% during the fourth quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock valued at $46,336,000 after buying an additional 493,417 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in Janus International Group by 11.9% during the first quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock worth $49,130,000 after buying an additional 345,448 shares during the period. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Trading Up 0.4 %

JBI traded up $0.05 during midday trading on Wednesday, hitting $12.48. The company’s stock had a trading volume of 15,925 shares, compared to its average volume of 1,653,454. Janus International Group has a 52-week low of $9.16 and a 52-week high of $15.86. The firm has a 50-day moving average price of $13.66 and a two-hundred day moving average price of $14.11. The company has a current ratio of 2.95, a quick ratio of 2.63 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.82 billion, a P/E ratio of 13.08 and a beta of 0.91.

Janus International Group (NYSE:JBI) last released its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $254.50 million during the quarter, compared to the consensus estimate of $252.90 million. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. Janus International Group’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, research analysts anticipate that Janus International Group will post 1.03 earnings per share for the current year.

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.