Point72 Asia Singapore Pte. Ltd. Makes New $26,000 Investment in J.Jill, Inc. (NYSE:JILL)

Point72 Asia Singapore Pte. Ltd. bought a new stake in J.Jill, Inc. (NYSE:JILL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 730 shares of the specialty retailer’s stock, valued at approximately $26,000.

Several other institutional investors have also recently made changes to their positions in JILL. CWM LLC bought a new stake in shares of J.Jill during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new stake in shares of J.Jill during the second quarter worth $34,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of J.Jill during the second quarter valued at $81,000. Acadian Asset Management LLC purchased a new stake in shares of J.Jill during the first quarter valued at $201,000. Finally, CenterBook Partners LP bought a new position in shares of J.Jill in the fourth quarter worth about $206,000. Institutional investors own 40.71% of the company’s stock.

J.Jill Stock Performance

Shares of NYSE:JILL opened at $24.51 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.89 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $263.43 million, a price-to-earnings ratio of 7.32 and a beta of 0.61. The firm has a 50 day moving average of $31.06 and a 200 day moving average of $31.42. J.Jill, Inc. has a 52 week low of $23.06 and a 52 week high of $40.61.

J.Jill (NYSE:JILL) last issued its quarterly earnings data on Wednesday, September 4th. The specialty retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. J.Jill had a return on equity of 90.61% and a net margin of 6.70%. The firm had revenue of $155.24 million during the quarter, compared to analysts’ expectations of $155.13 million. During the same period in the prior year, the business posted $1.10 EPS. On average, sell-side analysts predict that J.Jill, Inc. will post 3.31 earnings per share for the current fiscal year.

J.Jill Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, September 18th. J.Jill’s payout ratio is currently 8.36%.

Insider Buying and Selling

In other J.Jill news, CFO Mark W. Webb sold 1,352 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 108,576 shares in the company, valued at $3,663,354.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Claire Spofford sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $33.76, for a total transaction of $337,600.00. Following the transaction, the chief executive officer now owns 204,961 shares in the company, valued at $6,919,483.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark W. Webb sold 1,352 shares of J.Jill stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $33.74, for a total transaction of $45,616.48. Following the completion of the sale, the chief financial officer now owns 108,576 shares of the company’s stock, valued at $3,663,354.24. The disclosure for this sale can be found here. Insiders sold a total of 27,538 shares of company stock worth $947,187 in the last 90 days. 6.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JILL has been the subject of several research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $38.00 price objective on shares of J.Jill in a research report on Wednesday, September 4th. TD Cowen lowered their price target on J.Jill from $37.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Jefferies Financial Group reduced their price objective on J.Jill from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Lake Street Capital upped their target price on J.Jill from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, BTIG Research started coverage on 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.33.

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.