Janus International Group Inc. (NYSE: JBI) – Not A Clear Buying Opportunity?

The Vanguard Group, Inc. has recently announced that it has increased stake in Janus International Group Inc. (NYSE:JBI) by 1.02%. After grabbing 6.32 million shares, the institutional investor is now in possession of 63922.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 4.31% having worth around $56.89 million. Moreover, BAMCO, Inc. increased its share by 3.0 million to have a control over 5.5 million shares. And BlackRock Fund Advisors raised its holdings to 0.52 million shares by acquiring 5.18 million shares or 3.53% of the stake.

Janus International Group Inc. (JBI) concluded trading on 05/25/23 at a closing price of $9.09, with 1.0 million shares of worth about $9.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.76% during that period and on Thursday the price saw a loss of about -0.76%. Currently the company’s common shares owned by public are about 146.70M shares, out of which, 134.93M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the JBI stock and their offered price forecasts bring an average price target of $14.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $11.00. The stock’s current price level is 36.21% above of average price target set by the analysts, while a rise to estimated low would result in gain of 17.36% for the stock. However, touching the estimated high of $17.00 would mean a gain of 46.53% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 24 times over the past 12 months. They bought 242,912 shares in 16 of the transactions. In 8 selling transactions, insiders dumped 1,900,918 shares.

Baron Small Cap Fund, Wasatch Core Growth Fund, and Allspring Special Small Cap Value are the top 3 mutual funds which are holding stakes in Janus International Group Inc. Baron Small Cap Fund is currently holding 5.5 million shares of worth totaling $49.5 million. The company recently came buying 0.0 shares which brought its stake up to 3.75% of the company’s outstanding shares. Wasatch Core Growth Fund sold -0.18 million shares, after which its hold over company’s outstanding shares shrunk to 1.96%, leaving 2.88 million shares with the mutual fund that have a worth of about $25.88 million. Allspring Special Small Cap Value, after buying 2.51 million shares, have now control over 1.71% of the stake in the company. It holds 70500.0 shares of worth $22.62 million.

Janus International Group Inc. (NYSE: JBI) started trading at $9.15, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 9.24, or with a loss of -0.76%. Stock saw a price change of -2.68% in past 5 days and over the past one month there was a price change of 3.18%. Year-to-date (YTD), JBI shares are showing a performance of -4.52% which decreased to -13.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.97 but also hit the highest price of $12.24 during that period. The average intraday trading volume for Janus International Group Inc. shares is 495.16K. The stock is currently trading -1.68% below its 20-day simple moving average (SMA20), while that difference is down -3.61% for SMA50 and it goes to -8.54% lower than SMA200.

The Vanguard Group, Inc. acquired 6.32 million shares of Janus International Group Inc. having value of about $56.89 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 63922.0 shares in the company valued at close to $581050.98, or have control over 1.02% stake in the company. Janus International Group Inc. (NYSE: JBI) currently have 146.70M outstanding shares and institutions hold larger chunk of about 88.80% of that. Holding of mutual funds in the company is about 29.73% while other institutional holders and individual stake holders have control over 44.92% and 22.31% of the stake respectively.

The stock has a current market capitalization of $1.34B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 11.71, while it has posted earnings per share of $0.78 in the same period. It has Quick Ratio of 1.90 while making debt-to-equity ratio of 1.63. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JBI, volatility over the week remained 2.97% while standing at 3.64% over the month.

Analysts are in expectations that Janus International Group Inc. (JBI) stock would likely to be making an EPS of $0.2 in the current quarter, while forecast for next quarter EPS is $0.22 and it is $0.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.18 which is $0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 82.50% while it is estimated to increase by 13.06% in next year.

Analysts at 6 brokerage firms have issued recommendations for the Janus International Group Inc. (JBI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 6 Wall Street analysts, 4 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.