Divisadero Street Capital Management LP Invests $7.12 Million in J.Jill, Inc. (NYSE:JILL)

Divisadero Street Capital Management LP acquired a new position in shares of J.Jill, Inc. (NYSE:JILL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 203,598 shares of the specialty retailer’s stock, valued at approximately $7,120,000. J.Jill comprises 1.1% of Divisadero Street Capital Management LP’s holdings, making the stock its 25th largest position. Divisadero Street Capital Management LP owned about 1.89% of J.Jill at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC bought a new position in J.Jill in the second quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new stake in shares of J.Jill in the 2nd quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC bought a new position in shares of J.Jill in the second quarter valued at $81,000. Acadian Asset Management LLC bought a new position in shares of J.Jill in the first quarter valued at $201,000. Finally, Russell Investments Group Ltd. acquired a new position in J.Jill during the fourth quarter worth $165,000. Institutional investors and hedge funds own 40.71% of the company’s stock.

Insider Buying and Selling

In other J.Jill news, CFO Mark W. Webb sold 1,348 shares of J.Jill stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.31, for a total value of $43,553.88. Following the transaction, the chief financial officer now owns 107,808 shares in the company, valued at $3,483,276.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other J.Jill news, CFO Mark W. Webb sold 1,352 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $33.74, for a total transaction of $45,616.48. Following the sale, the chief financial officer now owns 108,576 shares of the company’s stock, valued at $3,663,354.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark W. Webb sold 1,348 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.31, for a total value of $43,553.88. Following the completion of the transaction, the chief financial officer now owns 107,808 shares of the company’s stock, valued at $3,483,276.48. The disclosure for this sale can be found here. Insiders sold a total of 27,538 shares of company stock worth $947,187 in the last ninety days. 6.70% of the stock is owned by insiders.

J.Jill Price Performance

Shares of NYSE:JILL opened at $25.56 on Friday. The firm has a 50 day moving average of $33.47 and a 200-day moving average of $31.42. J.Jill, Inc. has a 12 month low of $23.06 and a 12 month high of $40.61. The company has a current ratio of 0.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $274.72 million, a PE ratio of 7.63 and a beta of 0.61.

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

J.Jill Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, September 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.10%. J.Jill’s dividend payout ratio is currently 8.36%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JILL shares. BTIG Research began coverage on shares of J.Jill in a research note on Wednesday, July 10th. They issued a “buy” rating and a $44.00 price target for the company. Jefferies Financial Group dropped their price target on J.Jill from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. TD Cowen reduced their price objective on shares of J.Jill from $37.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $38.00 price objective on shares of J.Jill in a research report on Wednesday, September 4th. Finally, Lake Street Capital raised their target price on shares of J.Jill from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.33.

About J.Jill

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.