Acadian Asset Management LLC Decreases Stock Position in J.Jill, Inc. (NYSE:JILL)

Acadian Asset Management LLC cut its position in J.Jill, Inc. (NYSE:JILL) by 13.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,460 shares of the specialty retailer’s stock after selling 850 shares during the quarter. Acadian Asset Management LLC owned about 0.05% of J.Jill worth $190,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of J.Jill in the second quarter valued at approximately $301,000. Privium Fund Management UK Ltd purchased a new position in J.Jill in the 2nd quarter valued at approximately $1,097,000. Ritholtz Wealth Management raised its holdings in J.Jill by 2.3% during the 2nd quarter. Ritholtz Wealth Management now owns 13,664 shares of the specialty retailer’s stock valued at $478,000 after acquiring an additional 312 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of J.Jill during the second quarter worth $81,000. Finally, SG Americas Securities LLC purchased a new stake in shares of J.Jill during the second quarter worth $1,035,000. Hedge funds and other institutional investors own 40.71% of the company’s stock.

Insider Activity at J.Jill

In related news, CEO Claire Spofford sold 13,490 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $35.87, for a total transaction of $483,886.30. Following the transaction, the chief executive officer now directly owns 181,471 shares of the company’s stock, valued at approximately $6,509,364.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Claire Spofford sold 13,490 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $35.87, for a total value of $483,886.30. Following the completion of the sale, the chief executive officer now owns 181,471 shares of the company’s stock, valued at approximately $6,509,364.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark W. Webb sold 1,352 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $33.74, for a total transaction of $45,616.48. Following the transaction, the chief financial officer now directly owns 108,576 shares in the company, valued at approximately $3,663,354.24. The disclosure for this sale can be found here. Insiders have sold a total of 27,538 shares of company stock valued at $947,187 over the last 90 days. 6.70% of the stock is owned by insiders.

J.Jill Stock Performance

Shares of JILL opened at $25.17 on Friday. J.Jill, Inc. has a 12-month low of $23.06 and a 12-month high of $40.61. The company has a current ratio of 0.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.76. The company has a market cap of $270.47 million, a PE ratio of 7.60 and a beta of 0.61. The stock has a 50-day moving average price of $33.25 and a 200-day moving average price of $31.38.

J.Jill (NYSE:JILL) last announced its earnings results on Wednesday, September 4th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $155.24 million during the quarter, compared to analyst estimates of $155.13 million. J.Jill had a net margin of 6.70% and a return on equity of 90.61%. During the same period in the previous year, the business posted $1.10 earnings per share. As a group, equities analysts forecast that J.Jill, Inc. will post 3.31 earnings per share for the current fiscal year.

J.Jill Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be given a $0.07 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $0.28 annualized dividend and a yield of 1.11%. J.Jill’s dividend payout ratio (DPR) is presently 8.36%.

Analyst Upgrades and Downgrades

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

J.Jill Company 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.