J.Jill (NYSE:JILL) Trading 11.2% Higher

J.Jill Inc (NYSE:JILL)’s share price shot up 11.2% during mid-day trading on Thursday . The stock traded as high as $0.70 and last traded at $0.60. 5,013,128 shares were traded during trading, an increase of 192% from the average session volume of 1,718,073 shares. The stock had previously closed at $0.54.

A number of equities analysts have recently commented on JILL shares. Zacks Investment Research lowered shares of J.Jill from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $0.64 target price on shares of J.Jill in a research report on Tuesday, August 11th.

The company has a market cap of $26.88 million, a P/E ratio of -0.19 and a beta of 1.90. The stock has a 50-day moving average of $0.52 and a two-hundred day moving average of $0.56. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.19 and a current ratio of 0.35.

J.Jill (NYSE:JILL) last issued its quarterly earnings results on Thursday, September 3rd. The specialty retailer reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.06. The business had revenue of $92.64 million for the quarter, compared to analysts’ expectations of $109.90 million. J.Jill had a negative net margin of 24.13% and a negative return on equity of 495.33%. As a group, sell-side analysts forecast that J.Jill Inc will post -1.11 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in JILL. State Street Corp raised its position in J.Jill by 22.0% in the 1st quarter. State Street Corp now owns 311,298 shares of the specialty retailer’s stock worth $172,000 after purchasing an additional 56,239 shares during the period. Wells Fargo & Company MN grew its stake in shares of J.Jill by 447.8% during the first quarter. Wells Fargo & Company MN now owns 65,723 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 53,726 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of J.Jill by 229.8% in the first quarter. Two Sigma Investments LP now owns 65,300 shares of the specialty retailer’s stock worth $36,000 after buying an additional 45,500 shares during the period. Invesco Ltd. lifted its stake in shares of J.Jill by 375.8% in the 1st quarter. Invesco Ltd. now owns 358,524 shares of the specialty retailer’s stock valued at $198,000 after acquiring an additional 283,166 shares during the last quarter. Finally, Brave Asset Management Inc. boosted its holdings in J.Jill by 44.4% during the 2nd quarter. Brave Asset Management Inc. now owns 65,000 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 20,000 shares during the period. 11.30% of the stock is currently owned by institutional investors.

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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