J.Jill (NYSE:JILL) Price Target Cut to $32.00 by Analysts at TD Cowen

J.Jill (NYSE:JILL) had its price objective lowered by TD Cowen from $37.00 to $32.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other research analysts also recently issued reports on JILL. Telsey Advisory Group reiterated a market perform rating and set a $38.00 price objective on shares of J.Jill in a report on Wednesday. Jefferies Financial Group lowered their price objective on shares of J.Jill from $44.00 to $40.00 and set a buy rating on the stock in a report on Wednesday. Lake Street Capital boosted their price objective on shares of J.Jill from $38.00 to $44.00 and gave the stock a buy rating in a research report on Monday, June 10th. Finally, BTIG Research started coverage on shares of J.Jill in a research report on Wednesday, July 10th. They issued a buy rating and a $44.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, J.Jill presently has a consensus rating of Moderate Buy and an average target price of $39.33.

J.Jill Stock Down 7.1 %

J.Jill stock opened at $24.64 on Thursday. The company has a 50 day moving average of $34.98 and a 200-day moving average of $31.42. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 2.24. J.Jill has a twelve month low of $23.06 and a twelve month high of $40.61. The stock has a market capitalization of $264.83 million, a PE ratio of 7.36 and a beta of 0.61.

J.Jill (NYSE:JILL) last announced its earnings results on Wednesday, September 4th. The specialty retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $155.24 million during the quarter, compared to analyst estimates of $155.13 million. J.Jill had a net margin of 7.84% and a return on equity of 136.44%. During the same period in the prior year, the business earned $1.10 EPS. On average, equities research analysts anticipate that J.Jill will post 3.5 EPS for the current fiscal year.

J.Jill Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. J.Jill’s dividend payout ratio is presently 8.36%.

Insiders Place Their Bets

In other news, CFO Mark W. Webb sold 1,352 shares of J.Jill stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $33.74, for a total value of $45,616.48. Following the completion of the transaction, the chief financial officer now owns 108,576 shares of the company’s stock, valued at approximately $3,663,354.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other J.Jill news, CFO Mark W. Webb sold 1,352 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $33.74, for a total value of $45,616.48. Following the sale, the chief financial officer now owns 108,576 shares in the company, valued at $3,663,354.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Investors Ltd. Towerbrook sold 1,300,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $31.00, for a total value of $40,300,000.00. Following the completion of the sale, the director now directly owns 4,021,444 shares of the company’s stock, valued at $124,664,764. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,326,190 shares of company stock valued at $41,210,657. 6.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On J.Jill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ghisallo Capital Management LLC acquired a new position in shares of J.Jill in the second quarter valued at $3,147,000. AQR Capital Management LLC increased its holdings in shares of J.Jill by 16.6% in the second quarter. AQR Capital Management LLC now owns 69,849 shares of the specialty retailer’s stock valued at $2,443,000 after purchasing an additional 9,949 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of J.Jill in the second quarter valued at $26,000. Squarepoint Ops LLC increased its holdings in shares of J.Jill by 125.4% in the second quarter. Squarepoint Ops LLC now owns 18,166 shares of the specialty retailer’s stock valued at $635,000 after purchasing an additional 10,105 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of J.Jill by 69.9% in the second quarter. Cubist Systematic Strategies LLC now owns 31,662 shares of the specialty retailer’s stock valued at $1,107,000 after purchasing an additional 13,022 shares during the last quarter. 40.71% of the stock is owned by institutional investors.

J.Jill Company Profile

J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. It offers apparel, footwear, and accessories, including scarves and jewelry. The company markets its products through retail stores, website, and catalogs. J.Jill, Inc was founded in 1959 and is headquartered in Quincy, Massachusetts.