J.Jill (NYSE:JILL) Shares Down 27.9%

J.Jill Inc (NYSE:JILL) shares were down 27.9% on Thursday . The stock traded as low as $1.22 and last traded at $1.24, approximately 3,463,492 shares changed hands during mid-day trading. An increase of 451% from the average daily volume of 628,065 shares. The stock had previously closed at $1.72.

A number of brokerages have recently weighed in on JILL. Zacks Investment Research cut shares of J.Jill from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. ValuEngine upgraded shares of J.Jill from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group cut shares of J.Jill from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $2.79.

The company has a current ratio of 0.97, a quick ratio of 0.45 and a debt-to-equity ratio of 6.20. The firm has a market cap of $76.63 million, a P/E ratio of 1.72, a PEG ratio of 0.74 and a beta of 3.29. The company has a fifty day moving average price of $1.76 and a two-hundred day moving average price of $2.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio raised its holdings in J.Jill by 7.5% during the 2nd quarter. Strs Ohio now owns 91,700 shares of the specialty retailer’s stock worth $182,000 after buying an additional 6,400 shares during the period. Commonwealth Equity Services LLC increased its position in shares of J.Jill by 1,857.0% during the third quarter. Commonwealth Equity Services LLC now owns 293,544 shares of the specialty retailer’s stock worth $557,000 after acquiring an additional 278,544 shares in the last quarter. Jefferies Group LLC acquired a new stake in shares of J.Jill during the second quarter worth $759,000. Brave Asset Management Inc. acquired a new stake in shares of J.Jill during the second quarter worth $44,000. Finally, Stone Ridge Asset Management LLC lifted its position in J.Jill by 28.0% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 69,007 shares of the specialty retailer’s stock valued at $137,000 after acquiring an additional 15,100 shares in the last quarter. 28.32% of the stock is owned by institutional investors and hedge funds.

About J.Jill (NYSE:JILL)

J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand name in the United States. The company offers knit and woven tops, bottoms, and dresses, as well as sweaters and outerwear; and complementary footwear and accessories, including scarves, jewelry, and hosiery.

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