J.Jill Inc (NYSE:JILL) Short Interest Update

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J.Jill Inc (NYSE:JILL) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 6,762,400 shares, a growth of 6.4% from the May 30th total of 6,356,800 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is currently 6.6 days. Approximately 47.8% of the company’s shares are short sold.

A number of equities research analysts have issued reports on JILL shares. Zacks Investment Research upgraded shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Thursday, May 30th. Deutsche Bank downgraded shares of J.Jill from a “buy” rating to a “hold” rating and cut their target price for the stock from $9.00 to $1.68 in a research report on Friday, May 31st. Morgan Stanley cut their target price on shares of Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. TheStreet downgraded shares of Vince from a “c-” rating to a “d” rating in a research report on Thursday, April 11th. Finally, Bank of America set a $77.00 target price on shares of Zscaler and gave the stock a “neutral” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.78.

In other news, major shareholder Investors Ltd. Towerbrook acquired 170,682 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average price of $1.70 per share, with a total value of $290,159.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James S. Scully bought 98,867 shares of the business’s stock in a transaction on Monday, June 17th. The stock was bought at an average price of $1.72 per share, with a total value of $170,051.24. Following the transaction, the director now owns 90,427 shares in the company, valued at $155,534.44. The disclosure for this purchase can be found here. Insiders purchased a total of 927,667 shares of company stock valued at $1,560,939 in the last ninety days. Company insiders own 6.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new position in J.Jill during the second quarter worth $35,000. Denali Advisors LLC boosted its holdings in J.Jill by 235.2% during the second quarter. Denali Advisors LLC now owns 53,363 shares of the specialty retailer’s stock worth $106,000 after purchasing an additional 37,445 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in J.Jill by 39.8% during the first quarter. Paradigm Capital Management Inc. NY now owns 1,488,000 shares of the specialty retailer’s stock worth $8,169,000 after purchasing an additional 423,800 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in J.Jill by 160.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 27,379 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 16,883 shares during the last quarter. Finally, Cigna Investments Inc. New boosted its holdings in J.Jill by 34.4% during the first quarter. Cigna Investments Inc. New now owns 18,608 shares of the specialty retailer’s stock worth $102,000 after purchasing an additional 4,762 shares during the last quarter. Institutional investors and hedge funds own 34.88% of the company’s stock.

J.Jill stock opened at $2.39 on Wednesday. The company has a market cap of $101.43 million, a P/E ratio of 3.32, a P/E/G ratio of 1.06 and a beta of 3.33. The firm’s fifty day simple moving average is $1.90. The company has a quick ratio of 0.36, a current ratio of 0.97 and a debt-to-equity ratio of 2.70. J.Jill has a 1-year low of $1.24 and a 1-year high of $9.06.

J.Jill (NYSE:JILL) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $176.40 million for the quarter, compared to the consensus estimate of $179.93 million. J.Jill had a net margin of 3.37% and a return on equity of 11.98%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, equities research analysts anticipate that J.Jill will post 0.19 EPS for the current year.

About J.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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