Telsey Advisory Group Reiterates Market Perform Rating for J.Jill (NYSE:JILL)

J.Jill (NYSE:JILL)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a $38.00 price target on the specialty retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 14.29% from the stock’s current price.

Several other equities research analysts have also issued reports on JILL. Lake Street Capital increased 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. BTIG Research initiated coverage on shares of J.Jill in a report on Wednesday, July 10th. They set a “buy” rating and a $44.00 price target for the company. Jefferies Financial Group initiated coverage on shares of J.Jill in a report on Friday, July 12th. They set a “buy” rating and a $44.00 price target for the company. Finally, TD Cowen initiated coverage on shares of J.Jill in a report on Monday, August 12th. They set a “hold” rating and a $37.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.83.

J.Jill Stock Performance

NYSE:JILL opened at $33.25 on Wednesday. J.Jill has a fifty-two week low of $23.06 and a fifty-two week high of $40.61. The firm’s 50 day moving average is $35.58 and its two-hundred day moving average is $31.22. The company has a market cap of $357.37 million, a P/E ratio of 9.93 and a beta of 0.65. 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 (NYSE:JILL) last released its quarterly earnings data on Friday, June 7th. The specialty retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.08. J.Jill had a net margin of 7.84% and a return on equity of 136.44%. The company had revenue of $161.51 million during the quarter, compared to analyst estimates of $160.00 million. Analysts expect that J.Jill will post 3.44 EPS for the current year.

Insiders Place Their Bets

In other J.Jill news, CEO Claire Spofford sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $33.76, for a total transaction of $337,600.00. Following the completion of the transaction, the chief executive officer now directly owns 204,961 shares of the company’s stock, valued at approximately $6,919,483.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Claire Spofford sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $33.76, for a total value of $337,600.00. Following the transaction, the chief executive officer now directly owns 204,961 shares in the company, valued at approximately $6,919,483.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark W. Webb sold 1,352 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $33.74, for a total transaction of $45,616.48. Following the completion of the transaction, the chief financial officer now owns 108,576 shares in the company, valued at $3,663,354.24. The disclosure for this sale can be found here. Insiders sold a total of 1,326,190 shares of company stock valued at $41,210,657 in the last ninety days. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JILL. AJOVista LLC bought a new position in shares of J.Jill in the 4th quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of J.Jill in the 2nd quarter worth about $26,000. CWM LLC bought a new position in shares of J.Jill in the 2nd quarter worth about $29,000. Meeder Asset Management Inc. bought a new stake in J.Jill in the 2nd quarter valued at about $34,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in J.Jill in the 2nd quarter valued at about $81,000. 40.71% of the stock is currently owned by institutional investors.

About J.Jill

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.