Morgan Stanley Downgrades J.Jill Inc (JILL) to Equal Weight
J.Jill Inc (NASDAQ:JILL) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, MarketBeat reports.
A number of other brokerages have also recently issued reports on JILL. Jefferies Group LLC set a $17.00 target price on J.Jill and gave the stock a “buy” rating in a report on Saturday, June 17th. Zacks Investment Research cut J.Jill from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $16.00 target price on shares of J.Jill in a report on Thursday, August 17th. BidaskClub upgraded J.Jill from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Finally, SunTrust Banks, Inc. cut J.Jill from a “buy” rating to a “hold” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.30.
J.Jill (NASDAQ JILL) traded down 50.906% during mid-day trading on Thursday, reaching $4.875. The company’s stock had a trading volume of 8,008,642 shares. The company has a market cap of $213.27 million and a price-to-earnings ratio of 7.169. The stock’s 50 day moving average is $10.47 and its 200 day moving average is $12.00. J.Jill has a 12 month low of $4.82 and a 12 month high of $14.40.
J.Jill (NASDAQ:JILL) last issued its earnings results on Tuesday, August 29th. The specialty retailer reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. J.Jill had a return on equity of 35.03% and a net margin of 6.61%. The firm had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $179.02 million. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that J.Jill will post $0.84 EPS for the current year.
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In other J.Jill news, Director Michael A. Eck acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were acquired at an average price of $9.92 per share, for a total transaction of $99,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Several large investors have recently added to or reduced their stakes in the company. UBS Group AG bought a new position in shares of J.Jill during the 1st quarter valued at about $121,000. Cubist Systematic Strategies LLC bought a new position in shares of J.Jill during the 2nd quarter valued at about $110,000. Rhumbline Advisers bought a new position in shares of J.Jill during the 2nd quarter valued at about $135,000. SG Americas Securities LLC bought a new position in shares of J.Jill during the 1st quarter valued at about $164,000. Finally, Point72 Asia Hong Kong Ltd bought a new position in shares of J.Jill during the 1st quarter valued at about $177,000.
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. It operates in the retail and direct channels segment.
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