Paradigm Capital Management Inc. NY Has $12.13 Million Position in J.Jill, Inc. (NYSE:JILL)

Paradigm Capital Management Inc. NY grew its stake in J.Jill, Inc. (NYSE:JILL) by 109.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,856 shares of the specialty retailer’s stock after purchasing an additional 181,116 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 3.23% of J.Jill worth $12,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JILL. Resolute Capital Asset Partners LLC bought a new stake in J.Jill in the 2nd quarter valued at $1,749,000. Renaissance Technologies LLC grew its stake in shares of J.Jill by 7.0% in the second quarter. Renaissance Technologies LLC now owns 480,056 shares of the specialty retailer’s stock valued at $16,788,000 after acquiring an additional 31,400 shares in the last quarter. Privium Fund Management UK Ltd acquired a new position in shares of J.Jill in the second quarter valued at about $1,097,000. Divisadero Street Capital Management LP bought a new position in J.Jill during the second quarter worth about $7,120,000. Finally, Anchor Capital Advisors LLC acquired a new stake in J.Jill in the 2nd quarter worth about $1,020,000. Institutional investors own 40.71% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Mark W. Webb sold 1,348 shares of J.Jill stock in a transaction that occurred on 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 directly owns 105,112 shares in the company, valued at approximately $2,848,535.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, 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 transaction of $36,530.80. Following the completion of the transaction, the chief financial officer now directly owns 105,112 shares of the company’s stock, valued at approximately $2,848,535.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Claire Spofford sold 13,490 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $6,509,364.77. The disclosure for this sale can be found here. Insiders sold a total of 27,538 shares of company stock valued at $947,187 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

J.Jill Stock Performance

NYSE:JILL opened at $24.88 on Tuesday. J.Jill, Inc. has a twelve month low of $23.06 and a twelve month high of $40.61. 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 stock’s 50-day simple moving average is $32.75 and its 200 day simple moving average is $31.47. The firm has a market capitalization of $267.41 million, a PE ratio of 7.43 and a beta of 0.61.

J.Jill (NYSE:JILL) last announced its quarterly 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 company had revenue of $155.24 million for 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 firm posted $1.10 EPS. On average, analysts anticipate that J.Jill, Inc. will post 3.31 EPS for the current fiscal year.

J.Jill Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, September 18th. 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.