J.Jill (JILL) Shares Up 5.7% Following Strong Earnings

Shares of J.Jill, Inc. (NYSE:JILL) shot up 5.7% during mid-day trading on Tuesday following a stronger than expected earnings report. The company traded as high as $6.60 and last traded at $6.45. 908,600 shares changed hands during mid-day trading, an increase of 105% from the average session volume of 442,212 shares. The stock had previously closed at $6.10.

The specialty retailer reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. The firm had revenue of $162.00 million during the quarter, compared to analyst estimates of $156.20 million. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year.

A number of brokerages recently commented on JILL. Zacks Investment Research lowered J.Jill from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and set a $16.00 target price on shares of J.Jill in a research report on Thursday, August 17th. Morgan Stanley lowered J.Jill from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 12th. Jefferies Group set a $13.00 target price on J.Jill and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, SunTrust Banks lowered J.Jill from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.00.

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG acquired a new position in shares of J.Jill in the 1st quarter valued at approximately $121,000. Cubist Systematic Strategies LLC acquired a new position in shares of J.Jill in the 2nd quarter valued at approximately $110,000. B. Riley Financial Inc. acquired a new position in shares of J.Jill in the 3rd quarter valued at approximately $109,000. Rhumbline Advisers acquired a new position in shares of J.Jill in the 2nd quarter valued at approximately $135,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of J.Jill in the 2nd quarter valued at approximately $168,000. Institutional investors and hedge funds own 31.30% of the company’s stock.

The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 1.70.

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J.Jill Company Profile

J.Jill, Inc (J.Jill) operates as a specialty retailer in the women’s apparel industry. J.Jill is a women’s apparel brand focused on customer in the 40-65 age segment. The Company operates an integrated omni-channel platform that is diversified across its retail stores, Website and catalogs.

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