Jerash Holdings (US) (NASDAQ:JRSH) Stock Price Target Raised at DA Davidson

Jerash Holdings (US) (NASDAQ:JRSH) had its target price upped by DA Davidson from $6.00 to $10.00 in a report published on Wednesday, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings raised shares of Jerash Holdings (US) from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $10.00.

Jerash Holdings (US) Stock Performance

Jerash Holdings (US) stock opened at $7.80 on Wednesday. Jerash Holdings has a 1-year low of $2.85 and a 1-year high of $7.90. The company’s 50-day moving average is $5.94 and its 200 day moving average is $4.35. The firm has a market capitalization of $99.06 million, a P/E ratio of 15.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.11 and a quick ratio of 1.64.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings data on Tuesday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. Jerash Holdings (US) had a return on equity of 10.14% and a net margin of 3.55%. The company had revenue of $50.29 million during the quarter, compared to analysts’ expectations of $49.95 million.

Jerash Holdings (US) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. Jerash Holdings (US)’s payout ratio is presently 52.63%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JRSH. NewEdge Advisors LLC grew its position in shares of Jerash Holdings (US) by 19.0% during the 2nd quarter. NewEdge Advisors LLC now owns 19,665 shares of the company’s stock valued at $95,000 after acquiring an additional 3,146 shares during the period. Two Sigma Securities LLC acquired a new stake in Jerash Holdings (US) in the second quarter valued at approximately $95,000. BlackRock Inc. acquired a new stake in Jerash Holdings (US) in the second quarter valued at approximately $112,000. Finally, Renaissance Technologies LLC grew its holdings in Jerash Holdings (US) by 50.9% in the first quarter. Renaissance Technologies LLC now owns 272,240 shares of the company’s stock valued at $787,000 after purchasing an additional 91,816 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

More Jerash Holdings (US) News

These are some of the JRSH news items that stood out recently:

• Positive Sentiment: Strong Q2 results: Jerash reported fiscal 2027 second-quarter EPS of $0.16, double the $0.08 consensus estimate. Revenue was $50.29 million, slightly above analysts’ $49.95 million forecast. Jerash Holdings Reports Fiscal 2027 Second Quarter Financial Results
• Positive Sentiment: Analyst price target raised: DA Davidson lifted its target to $10 from $6 and maintained a Buy rating, signaling confidence in further upside. The cited 28.2% potential upside is based on a $7.80 reference price.
• Neutral Sentiment: Short-interest figures are low but inconsistent: One report listed 38,898 shares sold short as of October 30, down 50.8% from mid-October; a later report listed zero as of November 10. The figures suggest limited reported short positioning, but provide little clear additional directional signal.

About Jerash Holdings (US)

Jerash Holdings (US), Inc. is an apparel manufacturer and exporter that produces garments for international customers and branded clothing companies. Its product range includes jackets, shirts, pants, activewear, outerwear and other woven and knit apparel. The company manufactures its products through operations in Jordan, including facilities located in the Al-Hassan Industrial Estate. Its Jordanian production platform supports cutting, sewing, finishing, packaging and related garment-manufacturing activities, allowing Jerash to supply finished products to customers in global markets.