Divisadero Street Capital Management LP Sells 356,527 Shares of J.Jill, Inc. $JILL

Divisadero Street Capital Management LP decreased its position in J.Jill, Inc. (NYSE:JILL) by 25.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,029,452 shares of the specialty retailer’s stock after selling 356,527 shares during the period. J.Jill accounts for 1.0% of Divisadero Street Capital Management LP’s portfolio, making the stock its 23rd largest position. Divisadero Street Capital Management LP owned 6.74% of J.Jill worth $15,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of J.Jill by 22.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 96,406 shares of the specialty retailer’s stock valued at $1,883,000 after purchasing an additional 17,966 shares during the last quarter. American Century Companies Inc. raised its stake in shares of J.Jill by 10.9% during the first quarter. American Century Companies Inc. now owns 13,604 shares of the specialty retailer’s stock worth $266,000 after buying an additional 1,337 shares during the last quarter. SG Americas Securities LLC acquired a new position in J.Jill in the second quarter valued at approximately $426,000. Martingale Asset Management L P boosted its stake in J.Jill by 13.1% in the first quarter. Martingale Asset Management L P now owns 25,974 shares of the specialty retailer’s stock valued at $507,000 after acquiring an additional 3,009 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in J.Jill during the 1st quarter worth $43,000. 40.71% of the stock is currently owned by institutional investors and hedge funds.

J.Jill Stock Up 0.5%

NYSE:JILL opened at $16.24 on Monday. The stock has a market cap of $247.34 million, a price-to-earnings ratio of 6.79 and a beta of 0.90. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $15.39 and a two-hundred day moving average price of $15.85. J.Jill, Inc. has a 1 year low of $13.32 and a 1 year high of $30.40.

J.Jill (NYSE:JILL) last released its quarterly earnings results on Monday, January 8th. The specialty retailer reported $0.77 EPS for the quarter. J.Jill had a return on equity of 40.48% and a net margin of 6.12%.The company had revenue of $150.20 million for the quarter. As a group, equities analysts expect that J.Jill, Inc. will post 3.36 earnings per share for the current year.

J.Jill Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 24th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. J.Jill’s payout ratio is presently 13.39%.

Analyst Upgrades and Downgrades

Several analysts have commented on JILL shares. BTIG Research reiterated a “buy” rating and set a $26.00 target price on shares of J.Jill in a research report on Wednesday, October 8th. Jefferies Financial Group dropped their price objective on J.Jill from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen raised J.Jill from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of J.Jill in a report on Wednesday, October 8th. Finally, Zacks Research upgraded J.Jill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.00.

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.