Meeder Asset Management Inc. Takes $34,000 Position in J.Jill, Inc. (NYSE:JILL)

Meeder Asset Management Inc. bought a new position in shares of J.Jill, Inc. (NYSE:JILL) in the 2nd quarter, Holdings Channel.com reports. The firm bought 960 shares of the specialty retailer’s stock, valued at approximately $34,000.

Several other institutional investors have also recently made changes to their positions in the business. Hillsdale Investment Management Inc. boosted its stake in J.Jill by 2,143.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 134,600 shares of the specialty retailer’s stock worth $4,303,000 after purchasing an additional 128,600 shares during the period. Privium Fund Management UK Ltd bought a new position in shares of J.Jill during the second quarter worth $1,097,000. SG Americas Securities LLC purchased a new position in J.Jill during the second quarter valued at $1,035,000. Anchor Capital Advisors LLC purchased a new position in J.Jill during the second quarter valued at $1,020,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in J.Jill in the 4th quarter valued at $703,000. Hedge funds and other institutional investors own 40.71% of the company’s stock.

J.Jill Stock Up 2.6 %

Shares of NYSE JILL opened at $25.60 on Monday. J.Jill, Inc. has a 1 year low of $23.06 and a 1 year high of $40.61. The firm has a 50-day simple moving average of $33.99 and a two-hundred day simple moving average of $31.46. The company has a market cap of $275.20 million, a P/E ratio of 7.64 and a beta of 0.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.89 and a quick ratio of 0.44.

J.Jill (NYSE:JILL) last posted its quarterly earnings data on Wednesday, September 4th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $155.24 million during the quarter, compared to analysts’ expectations of $155.13 million. J.Jill had a return on equity of 90.61% and a net margin of 6.70%. During the same quarter in the previous year, the business earned $1.10 EPS. Research analysts anticipate that J.Jill, Inc. will post 3.31 earnings per share for the current year.

J.Jill Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, September 18th. J.Jill’s payout ratio is 8.36%.

Insider Activity at J.Jill

In other J.Jill news, CEO Claire Spofford sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $33.76, for a total transaction of $337,600.00. Following the completion of the sale, the chief executive officer now owns 204,961 shares in the company, valued at $6,919,483.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Mark W. Webb sold 1,352 shares of J.Jill stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $33.74, for a total value of $45,616.48. Following 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 can be accessed through this link. Also, CEO Claire Spofford sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $33.76, for a total transaction of $337,600.00. Following the transaction, the chief executive officer now owns 204,961 shares of the company’s stock, valued at approximately $6,919,483.36. The disclosure for this sale can be found here. Insiders have sold a total of 27,538 shares of company stock valued at $947,187 over the last ninety days. 6.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JILL. TD Cowen cut their price objective on J.Jill from $37.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group cut their price target on J.Jill from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $38.00 price objective on shares of J.Jill in a report on Wednesday, September 4th. 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 price target on the stock. Finally, Lake Street Capital increased their price objective on shares of J.Jill from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, J.Jill has an average rating of “Moderate Buy” and a consensus target price of $39.33.

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.