Jerash Holdings (US) (NASDAQ:JRSH) Given “Buy” Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Jerash Holdings (US) (NASDAQ:JRSH) in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $4.00 price objective on the stock.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jerash Holdings (US) in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Jerash Holdings (US) to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.00.

Jerash Holdings (US) Stock Up 0.3%

NASDAQ JRSH opened at $3.49 on Tuesday. The firm has a market cap of $44.32 million, a P/E ratio of 23.27 and a beta of 1.06. Jerash Holdings has a 52-week low of $2.81 and a 52-week high of $4.17. The business’s 50-day moving average price is $3.07 and its 200 day moving average price is $3.23.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. Jerash Holdings (US) had a return on equity of 2.87% and a net margin of 1.18%.The firm had revenue of $41.77 million during the quarter, compared to the consensus estimate of $42.30 million.

Jerash Holdings (US) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, February 13th. Jerash Holdings (US)’s dividend payout ratio is currently 333.33%.

Institutional Investors Weigh In On Jerash Holdings (US)

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of Jerash Holdings (US) during the 2nd quarter worth $50,000. Citadel Advisors LLC boosted its holdings in Jerash Holdings (US) by 35.7% during the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after buying an additional 10,912 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Jerash Holdings (US) by 166.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock worth $147,000 after buying an additional 30,055 shares during the period. Access Investment Management LLC acquired a new position in Jerash Holdings (US) during the second quarter worth about $155,000. Finally, Geode Capital Management LLC increased its holdings in Jerash Holdings (US) by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock valued at $194,000 after buying an additional 4,528 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Jerash Holdings (US) Company Profile

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.