Telsey Advisory Group Reiterates Market Perform Rating for J.Jill (NYSE:JILL)

J.Jill (NYSE:JILL)‘s stock had its “market perform” rating reaffirmed by Telsey Advisory Group in a report issued on Friday,Benzinga reports. They currently have a $31.00 price target on the specialty retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 11.83% from the company’s current price.

Several other research firms have also issued reports on JILL. TD Cowen cut their price target on shares of J.Jill from $37.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group reduced their price target on J.Jill from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.17.

J.Jill Price Performance

Shares of J.Jill stock opened at $27.72 on Friday. The firm has a market capitalization of $418.02 million, a PE ratio of 9.80 and a beta of 0.64. The company has a current ratio of 0.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.76. J.Jill has a 12 month low of $23.06 and a 12 month high of $40.61. The business’s 50-day moving average price is $25.40 and its 200-day moving average price is $30.48.

J.Jill (NYSE:JILL) last issued its quarterly earnings results on Wednesday, September 4th. The specialty retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The business had revenue of $155.24 million for the quarter, compared to analysts’ expectations 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 last year, the business earned $1.10 earnings per share. Sell-side analysts forecast that J.Jill will post 3.31 EPS for the current fiscal year.

Insider Activity

In other news, CFO Mark W. Webb sold 6,740 shares of J.Jill stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $28.54, for a total transaction of $192,359.60. Following the sale, the chief financial officer now owns 97,188 shares of the company’s stock, valued at approximately $2,773,745.52. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Trading of J.Jill

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in shares of J.Jill by 7.0% during the 2nd quarter. Renaissance Technologies LLC now owns 480,056 shares of the specialty retailer’s stock worth $16,788,000 after acquiring an additional 31,400 shares during the period. Resolute Capital Asset Partners LLC bought a new stake in shares of J.Jill during the second quarter valued at approximately $1,749,000. Ghisallo Capital Management LLC bought a new stake in shares of J.Jill during the second quarter valued at approximately $3,147,000. Segall Bryant & Hamill LLC bought a new position in J.Jill in the third quarter worth $1,167,000. Finally, Privium Fund Management UK Ltd bought a new position in J.Jill in the second quarter worth $1,097,000. 40.71% of the stock is currently owned by hedge funds and other institutional investors.

About J.Jill

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.