J.Jill (NYSE:JILL) Releases Quarterly Earnings Results, Beats Expectations By $0.67 EPS

J.Jill (NYSE:JILLGet Free Report) posted its quarterly earnings results on Wednesday. The specialty retailer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.67, FiscalAI reports. J.Jill had a net margin of 3.56% and a return on equity of 24.44%. The firm had revenue of $154.83 million during the quarter, compared to the consensus estimate of $151.26 million.

J.Jill Stock Down 1.0%

J.Jill stock opened at $19.78 on Wednesday. J.Jill has a 1-year low of $10.40 and a 1-year high of $20.89. The business has a fifty day moving average price of $18.14 and a 200-day moving average price of $15.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.60. The stock has a market capitalization of $295.74 million, a price-to-earnings ratio of 14.44 and a beta of 0.87.

J.Jill Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 23rd will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. J.Jill’s dividend payout ratio (DPR) is presently 26.28%.

Analyst Ratings Changes

A number of brokerages have weighed in on JILL. Zacks Research raised J.Jill from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. BTIG Research restated a “buy” rating and set a $18.00 price target on shares of J.Jill in a research note on Wednesday, June 10th. Telsey Advisory Group increased their target price on shares of J.Jill from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, September 3rd. Weiss Ratings raised shares of J.Jill from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Finally, TD Cowen increased their price objective on shares of J.Jill from $14.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

Check Out Our Latest Analysis on JILL

Insider Transactions at J.Jill

In other J.Jill news, EVP Mark W. Webb sold 3,745 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.30, for a total value of $76,023.50. Following the completion of the sale, the executive vice president directly owned 173,048 shares in the company, valued at approximately $3,512,874.40. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 11,158 shares of company stock worth $225,984. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On J.Jill

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in J.Jill by 83.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,483 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 673 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of J.Jill by 1.8% in the third quarter. Bank of America Corp DE now owns 40,210 shares of the specialty retailer’s stock worth $690,000 after buying an additional 717 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of J.Jill by 11.7% during the first quarter. Rhumbline Advisers now owns 7,908 shares of the specialty retailer’s stock worth $154,000 after buying an additional 829 shares during the period. First Trust Advisors LP grew its holdings in shares of J.Jill by 3.7% during the second quarter. First Trust Advisors LP now owns 23,682 shares of the specialty retailer’s stock valued at $347,000 after buying an additional 840 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of J.Jill by 10.8% during the fourth quarter. Barclays PLC now owns 11,417 shares of the specialty retailer’s stock valued at $157,000 after buying an additional 1,111 shares during the last quarter. 40.71% of the stock is owned by hedge funds and other institutional investors.

J.Jill Company Profile

(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.

Further Reading

Earnings History for J.Jill (NYSE:JILL)

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