Jerash Holdings (US) (NASDAQ:JRSH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The firm currently has a $5.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.07% from the company’s previous close.
According to Zacks, “Jerash Holdings, Inc. manufactures and exports custom, ready-made sport and outerwear for brands. The company’s product for brands consists of VF Corporation, Costco Wholesale, PVH Corporation, Walmart, Sears, Hanes, Columbia and Land’s End. Jerash Holdings, Inc. is based in New York, United States. “
Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of Jerash Holdings (US) from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 24th. TheStreet lowered shares of Jerash Holdings (US) from a “c-” rating to a “d” rating in a research report on Monday, May 4th. Finally, DA Davidson upped their target price on shares of Jerash Holdings (US) from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, February 14th.
Several hedge funds have recently added to or reduced their stakes in the company. Howe & Rusling Inc. grew its position in shares of Jerash Holdings (US) by 25.0% in the first quarter. Howe & Rusling Inc. now owns 410,084 shares of the company’s stock valued at $2,086,000 after purchasing an additional 82,001 shares during the last quarter. 1492 Capital Management LLC purchased a new position in shares of Jerash Holdings (US) during the fourth quarter valued at approximately $589,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Jerash Holdings (US) during the first quarter valued at approximately $203,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Jerash Holdings (US) by 44.9% during the fourth quarter. Renaissance Technologies LLC now owns 21,888 shares of the company’s stock valued at $128,000 after buying an additional 6,786 shares during the period. Institutional investors and hedge funds own 6.89% of the company’s stock.
About Jerash Holdings (US)
Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.
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