Charles Schwab Investment Management Inc. Has $1.90 Million Stake in J.Jill, Inc. (NYSE:JILL)

Charles Schwab Investment Management Inc. raised its stake in J.Jill, Inc. (NYSE:JILL) by 502.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,144 shares of the specialty retailer’s stock after purchasing an additional 64,335 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.51% of J.Jill worth $1,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of J.Jill in the 2nd quarter worth approximately $26,000. CWM LLC bought a new stake in J.Jill during the second quarter worth $29,000. Meeder Asset Management Inc. purchased a new position in J.Jill in the second quarter worth $34,000. Allspring Global Investments Holdings LLC bought a new position in J.Jill in the 2nd quarter valued at $81,000. Finally, Banque Cantonale Vaudoise increased its position in shares of J.Jill by 58.4% during the 3rd quarter. Banque Cantonale Vaudoise now owns 6,272 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 2,312 shares during the last quarter. Institutional investors own 40.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JILL. TD Cowen reduced 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. Telsey Advisory Group reissued a “market perform” rating and set a $31.00 target price on shares of J.Jill in a research report on Thursday, December 12th. Finally, Jefferies Financial Group lowered their price target on shares of J.Jill from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, J.Jill presently has an average rating of “Moderate Buy” and an average price target of $38.17.

J.Jill Stock Performance

Shares of JILL stock opened at $26.65 on Tuesday. The firm’s 50 day moving average is $25.76 and its 200 day moving average is $30.25. The stock has a market capitalization of $401.88 million, a P/E ratio of 9.42 and a beta of 0.64. 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.

J.Jill Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.05%. J.Jill’s dividend payout ratio is currently 9.89%.

Insider Transactions at J.Jill

In other news, CEO Claire Spofford sold 6,601 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $28.75, for a total transaction of $189,778.75. Following the completion of the transaction, the chief executive officer now directly owns 161,812 shares in the company, valued at $4,652,095. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark W. Webb sold 6,740 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $28.54, for a total value of $192,359.60. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

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.