Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Up 1.1% – Time to Buy?

Jerash Holdings (US), Inc. (NASDAQ:JRSH)’s stock price rose 1.1% on Friday . The company traded as high as $3.55 and last traded at $3.53. Approximately 35,727 shares were traded during trading, a decline of 67% from the average daily volume of 107,277 shares. The stock had previously closed at $3.49.

Analysts Set New Price Targets

JRSH has been the subject of a number of recent analyst reports. DA Davidson reissued a “buy” rating and set a $4.00 target price on shares of Jerash Holdings (US) in a research report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Jerash Holdings (US) in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Jerash Holdings (US) has an average rating of “Moderate Buy” and an average target price of $4.00.

Jerash Holdings (US) Stock Performance

The stock has a market capitalization of $44.83 million, a P/E ratio of 23.53 and a beta of 1.13. The business has a fifty day simple moving average of $3.14 and a 200-day simple moving average of $3.15.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $41.77 million for the quarter, compared to analysts’ expectations of $42.30 million.

Jerash Holdings (US) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, February 13th. Jerash Holdings (US)’s dividend payout ratio (DPR) is currently 133.33%.

Hedge Funds Weigh In On Jerash Holdings (US)

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Jerash Holdings (US) in the 4th quarter worth $32,000. State Street Corp lifted its holdings in shares of Jerash Holdings (US) by 27.6% in the 4th quarter. State Street Corp now owns 21,705 shares of the company’s stock worth $66,000 after purchasing an additional 4,700 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Jerash Holdings (US) in the 4th quarter worth $48,000. Renaissance Technologies LLC lifted its holdings in shares of Jerash Holdings (US) by 18.3% in the 4th quarter. Renaissance Technologies LLC now owns 180,424 shares of the company’s stock worth $550,000 after purchasing an additional 27,954 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Jerash Holdings (US) by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 97,495 shares of the company’s stock worth $297,000 after purchasing an additional 6,597 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors.

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.