Meeder Asset Management Inc. Invests $34,000 in J.Jill, Inc. (NYSE:JILL)

Meeder Asset Management Inc. acquired a new position in J.Jill, Inc. (NYSE:JILL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 960 shares of the specialty retailer’s stock, valued at approximately $34,000.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC bought a new stake in shares of J.Jill during the 2nd quarter valued at about $29,000. Allspring Global Investments Holdings LLC bought a new stake in J.Jill during the second quarter valued at approximately $81,000. Hillsdale Investment Management Inc. purchased a new position in J.Jill in the 4th quarter worth approximately $155,000. Russell Investments Group Ltd. purchased a new position in J.Jill in the 4th quarter worth approximately $165,000. Finally, Acadian Asset Management LLC bought a new position in shares of J.Jill in the 1st quarter worth $201,000. Institutional investors own 40.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Lake Street Capital upped their target price on shares of J.Jill from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Jefferies Financial Group cut their price objective on J.Jill from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. TD Cowen decreased their price objective on J.Jill from $37.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 target price on shares of J.Jill in a research note on Wednesday, September 4th. Finally, BTIG Research began coverage on shares of J.Jill in a research report on Wednesday, July 10th. They set a “buy” rating and a $44.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, J.Jill has an average rating of “Moderate Buy” and an average target price of $39.33.

Insiders Place Their Bets

In other news, CFO Mark W. Webb sold 1,348 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $27.10, for a total transaction of $36,530.80. Following the sale, the chief financial officer now owns 105,112 shares of the company’s stock, valued at approximately $2,848,535.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other J.Jill news, CFO Mark W. Webb sold 1,352 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $33.74, for a total value of $45,616.48. Following the transaction, the chief financial officer now directly owns 108,576 shares in the company, valued at $3,663,354.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark W. Webb sold 1,348 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $27.10, for a total value of $36,530.80. Following the completion of the transaction, the chief financial officer now directly owns 105,112 shares in the company, valued at $2,848,535.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,538 shares of company stock valued at $947,187. 6.70% of the stock is owned by insiders.

J.Jill Price Performance

Shares of NYSE JILL opened at $25.60 on Monday. J.Jill, Inc. has a 1 year low of $23.06 and a 1 year high of $40.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.89 and a quick ratio of 0.44. The stock has a market capitalization of $275.20 million, a P/E ratio of 7.64 and a beta of 0.61. The company’s 50-day moving average is $33.99 and its 200 day moving average is $31.46.

J.Jill (NYSE:JILL) last issued its quarterly earnings results on Wednesday, September 4th. The specialty retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. The firm had revenue of $155.24 million during the quarter, compared to the consensus estimate of $155.13 million. J.Jill had a return on equity of 90.61% and a net margin of 6.70%. During the same period last year, the company earned $1.10 earnings per share. On average, sell-side analysts expect that J.Jill, Inc. will post 3.31 earnings per share for the current year.

J.Jill Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $0.28 annualized dividend and a yield of 1.09%. J.Jill’s payout ratio is 8.36%.

J.Jill Profile

J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. It offers apparel, footwear, and accessories, including scarves and jewelry. The company markets its products through retail stores, website, and catalogs. J.Jill, Inc was founded in 1959 and is headquartered in Quincy, Massachusetts.