Shares of J.Jill, Inc. (NYSE:JILL) shot up 5.7% on Tuesday following a stronger than expected earnings report. The stock traded as high as $6.60 and last traded at $6.45. 908,600 shares changed hands during trading, an increase of 105% from the average session volume of 442,212 shares. The stock had previously closed at $6.10.
The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $162.00 million during the quarter, compared to analyst estimates of $156.20 million. The company’s quarterly revenue was up 1.6% compared to the same quarter last year.
Several brokerages have recently issued reports on JILL. Jefferies Group set a $13.00 price objective on J.Jill and gave the company a “buy” rating in a research note on Thursday, October 12th. BidaskClub upgraded J.Jill from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Zacks Investment Research upgraded J.Jill from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday, August 30th. Morgan Stanley cut J.Jill from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of J.Jill in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.00.
The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 1.70.
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J.Jill Company Profile
J.Jill, Inc (J.Jill) operates as a specialty retailer in the women’s apparel industry. J.Jill is a women’s apparel brand focused on customer in the 40-65 age segment. The Company operates an integrated omni-channel platform that is diversified across its retail stores, Website and catalogs.
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