J.Jill (JILL) Shares Up 5.7% After Better-Than-Expected Earnings

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.

A number of institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. raised its stake in J.Jill by 43.5% in the third quarter. Alyeska Investment Group L.P. now owns 732,199 shares of the specialty retailer’s stock valued at $7,974,000 after buying an additional 221,879 shares in the last quarter. Magnetar Financial LLC acquired a new stake in J.Jill in the third quarter valued at $239,000. B. Riley Financial Inc. purchased a new position in shares of J.Jill during the third quarter worth about $109,000. Envestnet Asset Management Inc. grew its holdings in shares of J.Jill by 6,110.0% during the third quarter. Envestnet Asset Management Inc. now owns 22,356 shares of the specialty retailer’s stock worth $243,000 after purchasing an additional 21,996 shares during the last quarter. Finally, Elk Creek Partners LLC grew its holdings in shares of J.Jill by 6.2% during the third quarter. Elk Creek Partners LLC now owns 651,160 shares of the specialty retailer’s stock worth $7,091,000 after purchasing an additional 38,079 shares during the last quarter. Institutional investors own 31.30% of the company’s stock.

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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