J.Jill (JILL) Price Target Lowered to $7.00 at Morgan Stanley

J.Jill (NYSE:JILL) had its price target reduced by Morgan Stanley from $7.50 to $7.00 in a report released on Thursday. Morgan Stanley currently has an equal weight rating on the specialty retailer’s stock.

Several other equities analysts also recently commented on the company. ValuEngine downgraded J.Jill from a sell rating to a strong sell rating in a research report on Monday, October 22nd. TheStreet downgraded J.Jill from a c- rating to a d+ rating in a research report on Monday, September 10th. Zacks Investment Research downgraded J.Jill from a buy rating to a hold rating in a research report on Wednesday, August 22nd. Deutsche Bank cut their target price on J.Jill from $10.00 to $9.00 and set a buy rating for the company in a research report on Wednesday, August 22nd. Finally, Macquarie cut their price objective on J.Jill from $7.00 to $6.00 and set a neutral rating for the company in a research report on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. J.Jill currently has an average rating of Hold and an average target price of $7.25.

J.Jill stock opened at $6.17 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.65 and a debt-to-equity ratio of 1.18. The company has a market cap of $269.93 million, a P/E ratio of 7.81, a P/E/G ratio of 0.83 and a beta of 2.23. J.Jill has a one year low of $4.17 and a one year high of $9.62.

J.Jill (NYSE:JILL) last posted its earnings results on Wednesday, November 28th. The specialty retailer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The business had revenue of $174.10 million during the quarter, compared to the consensus estimate of $165.64 million. J.Jill had a return on equity of 18.48% and a net margin of 7.98%. J.Jill’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. On average, equities research analysts forecast that J.Jill will post 0.67 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of J.Jill by 44.0% during the second quarter. BlackRock Inc. now owns 985,440 shares of the specialty retailer’s stock worth $9,203,000 after acquiring an additional 301,323 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of J.Jill by 108.3% during the third quarter. Dimensional Fund Advisors LP now owns 757,178 shares of the specialty retailer’s stock worth $4,679,000 after acquiring an additional 393,668 shares during the last quarter. Prudential Financial Inc. raised its position in shares of J.Jill by 1.5% during the third quarter. Prudential Financial Inc. now owns 651,499 shares of the specialty retailer’s stock worth $4,026,000 after acquiring an additional 9,837 shares during the last quarter. IndexIQ Advisors LLC raised its position in shares of J.Jill by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 514,309 shares of the specialty retailer’s stock worth $3,178,000 after acquiring an additional 19,426 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of J.Jill by 9.1% during the third quarter. Panagora Asset Management Inc. now owns 484,627 shares of the specialty retailer’s stock worth $2,995,000 after acquiring an additional 40,271 shares during the last quarter. Hedge funds and other institutional investors own 23.33% of the company’s stock.

About J.Jill

J.Jill, Inc operates as an Omni channel retailer 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 for misses, petites, and women.

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