J.Jill (NYSE:JILL) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of J.Jill (NYSE:JILL) from a sell rating to a hold rating in a research note released on Thursday, Zacks.com reports.

According to Zacks, “J.Jill, Inc. operates as a specialty retailer of womens apparel. The Company offers sweaters, tops, pants, dresses, shorts, skirts, sleepwear and accessories. It markets through retail stores, website and catalog. J.Jill, Inc. is headquartered in Quincy, Massachusetts. “

A number of other equities analysts have also recently commented on JILL. Bank of America cut J.Jill from a buy rating to a neutral rating and set a $2.00 price target for the company. in a report on Friday, May 31st. ValuEngine cut J.Jill from a sell rating to a strong sell rating in a report on Wednesday, May 8th. Deutsche Bank cut J.Jill from a buy rating to a hold rating and lowered their price target for the stock from $9.00 to $1.68 in a report on Friday, May 31st. Morgan Stanley lowered their price target on J.Jill from $7.00 to $2.00 and set an equal weight rating for the company in a report on Friday, May 31st. Finally, TheStreet cut J.Jill from a c rating to a d rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. J.Jill currently has an average rating of Hold and an average target price of $4.78.

NYSE:JILL opened at $2.04 on Thursday. The firm has a market cap of $93.93 million, a PE ratio of 2.83, a P/E/G ratio of 1.00 and a beta of 3.34. The business’s 50 day moving average price is $2.01. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.36 and a current ratio of 0.97. J.Jill has a 1-year low of $1.24 and a 1-year high of $8.90.

J.Jill (NYSE:JILL) last announced its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.07). The company had revenue of $176.40 million during the quarter, compared to analyst estimates of $179.93 million. J.Jill had a net margin of 3.37% and a return on equity of 11.98%. J.Jill’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. As a group, equities research analysts predict that J.Jill will post 0.19 earnings per share for the current fiscal year.

In other J.Jill news, Director P. Kelly Mooney bought 16,850 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $1.49 per share, for a total transaction of $25,106.50. Following the transaction, the director now directly owns 7,650 shares in the company, valued at $11,398.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Investors Ltd. Towerbrook bought 29,105 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average price of $2.00 per share, for a total transaction of $58,210.00. The disclosure for this purchase can be found here. Insiders acquired a total of 927,667 shares of company stock worth $1,560,939 in the last quarter. Corporate insiders own 6.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of J.Jill by 612.3% during the 2nd quarter. SG Americas Securities LLC now owns 71,943 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 61,843 shares in the last quarter. Strs Ohio boosted its position in shares of J.Jill by 7.5% during the 2nd quarter. Strs Ohio now owns 91,700 shares of the specialty retailer’s stock valued at $182,000 after purchasing an additional 6,400 shares in the last quarter. Hengehold Capital Management LLC bought a new stake in shares of J.Jill during the 2nd quarter valued at about $398,000. WINTON GROUP Ltd bought a new stake in shares of J.Jill during the 2nd quarter valued at about $35,000. Finally, Denali Advisors LLC boosted its position in shares of J.Jill by 235.2% during the 2nd quarter. Denali Advisors LLC now owns 53,363 shares of the specialty retailer’s stock valued at $106,000 after purchasing an additional 37,445 shares in the last quarter. Institutional investors own 33.02% 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 name in the United States. The company offers knit and woven tops, bottoms, and dresses, as well as sweaters and outerwear; and complementary footwear and accessories, including scarves, jewelry, and hosiery.

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