J.Jill (JILL) Stock Rating Lowered by Zacks Investment Research

J.Jill (NYSE:JILL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, 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. “

Several other analysts have also recently issued reports on the stock. ValuEngine raised 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 research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.29.

JILL stock traded down $0.14 during midday trading on Wednesday, hitting $5.11. The stock had a trading volume of 349 shares, compared to its average volume of 499,233. The stock has a market capitalization of $227.92 million, a P/E ratio of 7.08, a PEG ratio of 0.75 and a beta of 1.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.95 and a current ratio of 1.70. J.Jill has a 12-month low of $4.54 and a 12-month high of $9.62.

J.Jill (NYSE:JILL) last announced its quarterly earnings data 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 company had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $170.91 million. During the same period in the previous year, the company earned $0.13 EPS. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. Research analysts forecast that J.Jill will post 0.69 earnings per share for the current fiscal year.

In other news, insider David Biese sold 171,429 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $6.85, for a total transaction of $1,174,288.65. Following the completion of the sale, the insider now directly owns 362,329 shares of the company’s stock, valued at approximately $2,481,953.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of J.Jill by 2.8% during the 1st quarter. BlackRock Inc. now owns 1,000,688 shares of the specialty retailer’s stock worth $5,494,000 after purchasing an additional 26,943 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of J.Jill by 73.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,000 shares of the specialty retailer’s stock worth $307,000 after purchasing an additional 23,775 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of J.Jill by 199.0% during the 1st quarter. JPMorgan Chase & Co. now owns 13,394 shares of the specialty retailer’s stock worth $74,000 after purchasing an additional 8,914 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of J.Jill by 51.6% during the 1st quarter. Victory Capital Management Inc. now owns 44,311 shares of the specialty retailer’s stock worth $243,000 after purchasing an additional 15,086 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of J.Jill during the 1st quarter worth $55,000. 26.32% of the stock is owned by institutional investors.

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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