Point72 Asia Singapore Pte. Ltd. Makes New $26,000 Investment in J.Jill, Inc. (NYSE:JILL)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in J.Jill, Inc. (NYSE:JILL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 730 shares of the specialty retailer’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently modified their holdings of JILL. CenterBook Partners LP purchased a new position in shares of J.Jill in the fourth quarter valued at about $206,000. Quadrature Capital Ltd purchased a new position in shares of J.Jill during the fourth quarter valued at about $350,000. Janney Montgomery Scott LLC increased its position in shares of J.Jill by 9.3% during the first quarter. Janney Montgomery Scott LLC now owns 24,888 shares of the specialty retailer’s stock valued at $796,000 after buying an additional 2,114 shares during the period. Acadian Asset Management LLC purchased a new position in shares of J.Jill during the first quarter valued at about $201,000. Finally, Hillsdale Investment Management Inc. increased its position in shares of J.Jill by 2,143.3% during the first quarter. Hillsdale Investment Management Inc. now owns 134,600 shares of the specialty retailer’s stock valued at $4,303,000 after buying an additional 128,600 shares during the period. Hedge funds and other institutional investors own 40.71% of the company’s stock.

J.Jill Trading Down 2.0 %

Shares of NYSE JILL opened at $24.06 on Tuesday. The company has a market cap of $258.60 million, a PE ratio of 7.18 and a beta of 0.60. The firm’s 50 day moving average price is $29.93 and its 200-day moving average price is $31.37. J.Jill, Inc. has a 52-week low of $23.06 and a 52-week high of $40.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.44 and a current ratio of 0.89.

J.Jill (NYSE:JILL) last issued its quarterly earnings data on Wednesday, September 4th. The specialty retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $155.24 million for the quarter, compared to the consensus estimate of $155.13 million. J.Jill had a net margin of 6.70% and a return on equity of 90.61%. During the same quarter in the prior year, the firm earned $1.10 earnings per share. On average, equities research analysts expect that J.Jill, Inc. will post 3.31 EPS for the current fiscal year.

J.Jill Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $0.28 annualized dividend and a yield of 1.16%. J.Jill’s payout ratio is presently 8.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BTIG Research assumed coverage on shares of J.Jill in a research report on Wednesday, July 10th. They set a “buy” rating and a $44.00 price target on the stock. Lake Street Capital boosted their price target on shares of J.Jill from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, June 10th. TD Cowen reduced their price target on shares of J.Jill from $37.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Jefferies Financial Group cut their price objective on shares of J.Jill from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $38.00 price objective on shares of J.Jill in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.33.

Insiders Place Their Bets

In other J.Jill news, CFO Mark W. Webb sold 1,348 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $27.10, for a total value of $36,530.80. Following the transaction, the chief financial officer now directly owns 105,112 shares in the company, valued at approximately $2,848,535.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Claire Spofford sold 13,490 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $35.87, for a total value of $483,886.30. Following the completion of the sale, the chief executive officer now directly owns 181,471 shares of the company’s stock, valued at $6,509,364.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark W. Webb sold 1,348 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $27.10, for a total transaction of $36,530.80. Following the completion of the sale, the chief financial officer now directly owns 105,112 shares of the company’s stock, valued at approximately $2,848,535.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,186 shares of company stock worth $563,971. Company insiders own 6.70% of the company’s stock.

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.