J.Jill (NYSE:JILL) Announces Earnings Results

J.Jill (NYSE:JILLGet Free Report) announced its quarterly earnings results on Friday. The specialty retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.08, reports. The business had revenue of $161.51 million during the quarter, compared to analyst estimates of $160.00 million. J.Jill had a return on equity of 194.65% and a net margin of 6.00%. J.Jill updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

J.Jill Stock Up 7.8 %

Shares of J.Jill stock opened at $37.95 on Friday. The firm has a market cap of $407.96 million, a price-to-earnings ratio of 11.33 and a beta of 0.75. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.55. J.Jill has a 52-week low of $18.85 and a 52-week high of $39.92. The stock has a 50-day simple moving average of $29.46 and a 200-day simple moving average of $27.26.

J.Jill Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.74%. J.Jill’s dividend payout ratio is 8.36%.

Insider Activity at J.Jill

In related news, CEO Claire Spofford sold 4,188 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $29.19, for a total value of $122,247.72. Following the transaction, the chief executive officer now directly owns 209,077 shares of the company’s stock, valued at approximately $6,102,957.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Claire Spofford sold 4,188 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $29.19, for a total value of $122,247.72. Following the transaction, the chief executive officer now directly owns 209,077 shares of the company’s stock, valued at approximately $6,102,957.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael A. Eck sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $29.67, for a total value of $445,050.00. Following the completion of the transaction, the director now directly owns 22,852 shares in the company, valued at $678,018.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,190 shares of company stock valued at $1,249,007. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. AJOVista LLC bought a new position in J.Jill in the 4th quarter worth approximately $25,000. Janney Montgomery Scott LLC increased its position in J.Jill by 9.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,888 shares of the specialty retailer’s stock worth $796,000 after buying an additional 2,114 shares during the period. Strs Ohio increased its position in J.Jill by 117.9% in the 4th quarter. Strs Ohio now owns 8,500 shares of the specialty retailer’s stock worth $219,000 after buying an additional 4,600 shares during the period. Hillsdale Investment Management Inc. bought a new position in J.Jill in the 4th quarter worth approximately $155,000. Finally, Acadian Asset Management LLC bought a new position in J.Jill in the 1st quarter worth approximately $201,000. 40.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley reiterated a “buy” rating and set a $38.00 price target (up from $35.00) on shares of J.Jill in a report on Thursday, March 21st.

View Our Latest Stock Report on JILL

J.Jill Company Profile

(Get Free Report)

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.

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Earnings History for J.Jill (NYSE:JILL)

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