J.Jill (NYSE:JILL) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

J.Jill (NYSE:JILLGet Free Report) posted its quarterly earnings results on Wednesday. The specialty retailer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01, FiscalAI reports. The business had revenue of $144.43 million during the quarter, compared to analysts’ expectations of $144.30 million. J.Jill had a net margin of 4.68% and a return on equity of 30.77%.

J.Jill Stock Performance

NYSE:JILL opened at $13.28 on Wednesday. The company has a market capitalization of $197.93 million, a PE ratio of 7.29 and a beta of 0.92. The company has a 50 day simple moving average of $12.49 and a two-hundred day simple moving average of $14.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.54 and a current ratio of 1.08. J.Jill has a fifty-two week low of $10.40 and a fifty-two week high of $18.80.

J.Jill Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, June 24th. J.Jill’s dividend payout ratio is currently 19.78%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on JILL shares. BTIG Research cut their price objective on shares of J.Jill from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Zacks Research upgraded shares of J.Jill from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Telsey Advisory Group restated a “market perform” rating and issued a $16.00 price objective on shares of J.Jill in a research note on Tuesday, March 31st. Wall Street Zen cut shares of J.Jill from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of J.Jill in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, J.Jill has a consensus rating of “Hold” and a consensus price target of $17.25.

Get Our Latest Stock Report on J.Jill

Hedge Funds Weigh In On J.Jill

A number of institutional investors and hedge funds have recently modified their holdings of the business. Paradigm Capital Management Inc. NY boosted its holdings in shares of J.Jill by 13.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,057,300 shares of the specialty retailer’s stock worth $15,479,000 after buying an additional 125,838 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in shares of J.Jill by 1.6% in the 4th quarter. Invenomic Capital Management LP now owns 203,227 shares of the specialty retailer’s stock worth $2,788,000 after purchasing an additional 3,161 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of J.Jill by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 195,379 shares of the specialty retailer’s stock worth $2,681,000 after purchasing an additional 5,129 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of J.Jill by 11.9% in the 2nd quarter. Geode Capital Management LLC now owns 175,286 shares of the specialty retailer’s stock worth $2,567,000 after purchasing an additional 18,576 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of J.Jill by 931.8% in the 2nd quarter. Marshall Wace LLP now owns 147,892 shares of the specialty retailer’s stock worth $2,165,000 after purchasing an additional 133,558 shares in the last quarter. 40.71% of the stock is currently owned by institutional investors.

About J.Jill

(Get Free Report)

J.Jill is a women’s apparel retailer specializing in modern, versatile clothing and accessories. The company designs and markets a range of products that emphasize comfort and style, including knitwear, woven tops, pants, dresses, outerwear, jewelry, and footwear. Through its in-house design team, J.Jill focuses on creating seasonal collections that appeal to women seeking effortless, mix-and-match wardrobes.

Products are sold through a multi-channel distribution network comprising company-operated boutiques, e-commerce platforms, and catalog sales.

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Earnings History for J.Jill (NYSE:JILL)

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