Jerash Holdings (US)’s (JRSH) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Jerash Holdings (US) (NASDAQ:JRSH) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $4.00 target price on the stock.

Several other equities research analysts have also recently weighed in on JRSH. Weiss Ratings reiterated a “hold (c)” rating on shares of Jerash Holdings (US) in a research note on Thursday, January 22nd. Wall Street Zen raised Jerash Holdings (US) to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.00.

Jerash Holdings (US) Stock Down 5.3%

Shares of NASDAQ JRSH opened at $3.21 on Tuesday. Jerash Holdings has a 12 month low of $2.81 and a 12 month high of $4.17. The company has a market cap of $40.77 million, a P/E ratio of 21.40 and a beta of 1.06. The business’s 50 day moving average is $3.08 and its two-hundred day moving average is $3.23.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.The company had revenue of $41.77 million during the quarter, compared to analysts’ expectations of $42.30 million.

Jerash Holdings (US) Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, February 13th. Jerash Holdings (US)’s payout ratio is 133.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Jerash Holdings (US) during the second quarter valued at approximately $50,000. Citadel Advisors LLC lifted its position in shares of Jerash Holdings (US) by 35.7% during the 3rd quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after buying an additional 10,912 shares during the period. Access Investment Management LLC acquired a new stake in Jerash Holdings (US) in the 2nd quarter valued at $155,000. Goldman Sachs Group Inc. grew its position in Jerash Holdings (US) by 166.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock valued at $147,000 after acquiring an additional 30,055 shares during the period. Finally, Geode Capital Management LLC raised its stake in Jerash Holdings (US) by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock worth $194,000 after acquiring an additional 4,528 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

About Jerash Holdings (US)

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.