Zacks Investment Research Downgrades J.Jill (NYSE:JILL) to Hold

J.Jill (NYSE:JILLGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “J.Jill, Inc. operates as a specialty retailer of womens apparel. The Company offers sweaters, tops, pants, dresses, shorts, skirts, sleepwear and accessories. It markets through retail stores, website and catalog. J.Jill, Inc. is headquartered in Quincy, Massachusetts. “

J.Jill stock opened at $16.88 on Wednesday. The stock has a market cap of $168.60 million, a PE ratio of -5.96 and a beta of 1.50. The stock has a 50-day moving average price of $15.88 and a 200 day moving average price of $16.21. J.Jill has a 52 week low of $12.47 and a 52 week high of $24.50.

J.Jill (NYSE:JILLGet Rating) last posted its quarterly earnings results on Tuesday, March 22nd. The specialty retailer reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.18. The company had revenue of $145.15 million during the quarter, compared to analysts’ expectations of $142.00 million. J.Jill had a negative return on equity of 40.48% and a negative net margin of 4.81%. During the same quarter in the previous year, the business earned ($1.56) EPS. Equities research analysts predict that J.Jill will post 2.24 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in J.Jill by 271.6% during the 1st quarter. Morgan Stanley now owns 2,772 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 2,026 shares in the last quarter. Geode Capital Management LLC lifted its position in J.Jill by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 29,046 shares of the specialty retailer’s stock worth $504,000 after acquiring an additional 1,183 shares in the last quarter. Millennium Management LLC acquired a new position in J.Jill during the 3rd quarter worth approximately $324,000. Chimera Capital Management LLC acquired a new position in J.Jill during the 4th quarter worth approximately $831,000. Finally, Paradigm Capital Management Inc. NY acquired a new position in J.Jill during the 4th quarter worth approximately $1,630,000. 21.45% of the stock is currently owned by institutional investors and hedge funds.

J.Jill Company Profile (Get Rating)

J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. The company offers knit and woven tops, bottoms, and dresses, as well as sweaters and outerwear; footwear; and accessories, including scarves, jewelry, and hosiery. The company markets its products through retail stores, Website, and catalogs.

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