DA Davidson Reaffirms “Buy” Rating for Jerash Holdings (US) (NASDAQ:JRSH)

Jerash Holdings (US) (NASDAQ:JRSH)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a report issued on Tuesday,Benzinga reports. They currently have a $4.00 target price on the stock. DA Davidson’s target price suggests a potential upside of 13.15% from the company’s previous close.

A number of other analysts have also weighed in on the company. 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 shares of Jerash Holdings (US) to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Jerash Holdings (US) currently has an average rating of “Moderate Buy” and a consensus price target of $4.00.

Jerash Holdings (US) Stock Performance

Shares of JRSH traded up $0.06 on Tuesday, reaching $3.54. The stock had a trading volume of 69,866 shares, compared to its average volume of 104,522. The firm has a market capitalization of $44.89 million, a price-to-earnings ratio of 58.92 and a beta of 1.06. Jerash Holdings has a 12-month low of $2.81 and a 12-month high of $4.17. The company has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $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 analysts’ consensus estimates of $0.05 by $0.04. Jerash Holdings (US) had a return on equity of 1.03% and a net margin of 0.45%.The company had revenue of $41.77 million during the quarter, compared to analysts’ expectations of $42.30 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position 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 purchasing an additional 4,528 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Jerash Holdings (US) by 70.6% in the third quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after acquiring an additional 111,359 shares during the last quarter. Citadel Advisors LLC increased its stake 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 acquiring an additional 10,912 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Jerash Holdings (US) by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock worth $302,000 after purchasing an additional 3,136 shares during the period. Finally, Jane Street Group LLC acquired a new position in Jerash Holdings (US) in the second quarter valued at approximately $50,000. Hedge funds and other institutional investors 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.