Mackay Shields LLC Decreases Stake in J.Jill Inc (NYSE:JILL)

Mackay Shields LLC trimmed its holdings in J.Jill Inc (NYSE:JILL) by 38.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,711 shares of the specialty retailer’s stock after selling 49,389 shares during the period. Mackay Shields LLC owned 0.18% of J.Jill worth $420,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cigna Investments Inc. New acquired a new position in J.Jill during the 4th quarter valued at $74,000. Rhumbline Advisers raised its stake in J.Jill by 38.8% during the 4th quarter. Rhumbline Advisers now owns 23,810 shares of the specialty retailer’s stock valued at $127,000 after purchasing an additional 6,650 shares during the last quarter. First Trust Advisors LP raised its stake in J.Jill by 18.7% during the 4th quarter. First Trust Advisors LP now owns 25,236 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 3,975 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in J.Jill during the 4th quarter valued at $172,000. Finally, Victory Capital Management Inc. raised its stake in J.Jill by 145.2% during the 3rd quarter. Victory Capital Management Inc. now owns 28,087 shares of the specialty retailer’s stock valued at $174,000 after purchasing an additional 16,630 shares during the last quarter. 24.96% of the stock is owned by institutional investors.

In other news, insider David Biese sold 171,429 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $6.85, for a total value of $1,174,288.65. Following the sale, the insider now owns 362,329 shares of the company’s stock, valued at approximately $2,481,953.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.10% of the stock is currently owned by corporate insiders.

J.Jill stock traded up $0.27 on Wednesday, hitting $5.50. The company’s stock had a trading volume of 765,800 shares, compared to its average volume of 525,337. The firm has a market capitalization of $221.34 million, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.68 and a beta of 1.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.70 and a quick ratio of 0.95. J.Jill Inc has a one year low of $4.54 and a one year high of $9.62.

J.Jill (NYSE:JILL) last announced its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. J.Jill had a net margin of 4.32% and a return on equity of 15.56%. The firm had revenue of $170.90 million for the quarter, compared to analyst estimates of $170.91 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. Analysts predict that J.Jill Inc will post 0.69 earnings per share for the current fiscal year.

The company also recently announced a special dividend, which was paid on Monday, April 1st. Stockholders of record on Tuesday, March 19th were issued a $1.15 dividend. The ex-dividend date was Monday, March 18th.

JILL has been the subject of several research analyst reports. Wells Fargo & Co cut their target price on shares of J.Jill from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, January 2nd. ValuEngine upgraded shares of J.Jill from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. TheStreet raised shares of J.Jill from a “d+” rating to a “c” rating in a report on Wednesday, March 6th. Finally, Zacks Investment Research lowered shares of J.Jill from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. J.Jill has a consensus rating of “Hold” and an average target price of $7.29.

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J.Jill Company Profile

J.Jill, Inc operates as an Omni channel retailer 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 for misses, petites, and women.

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Institutional Ownership by Quarter for J.Jill (NYSE:JILL)

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