J.Jill Inc (JILL) Shares Gap Down on Analyst Downgrade
Shares of J.Jill Inc (NASDAQ:JILL) gapped down prior to trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from $16.00 to $14.00. The stock had previously closed at $9.51, but opened at $9.88. Royal Bank Of Canada currently has an outperform rating on the stock. J.Jill shares last traded at $10.25, with a volume of 540,035 shares traded.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded J.Jill from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, June 5th. Jefferies Group LLC set a $17.00 price target on J.Jill and gave the company a “buy” rating in a research note on Saturday, June 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.80.
Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new position in shares of J.Jill during the second quarter valued at approximately $110,000. UBS Group AG bought a new position in J.Jill during the first quarter valued at about $121,000. Rhumbline Advisers bought a new position in J.Jill during the second quarter valued at about $135,000. SG Americas Securities LLC bought a new position in J.Jill during the first quarter valued at about $164,000. Finally, Virtu KCG Holdings LLC bought a new position in J.Jill during the second quarter valued at about $168,000.
The stock’s 50-day moving average is $11.70 and its 200-day moving average is $12.50. The company has a market cap of $451.47 million and a P/E ratio of 17.49.
J.Jill (NASDAQ:JILL) last released its quarterly earnings results on Tuesday, August 29th. The specialty retailer reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. J.Jill had a return on equity of 25.34% and a net margin of 4.83%. The business had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $179.02 million. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts expect that J.Jill Inc will post $0.87 EPS for the current fiscal year.
WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/j-jill-inc-jill-shares-gap-down-on-analyst-downgrade/1532340.html.
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. It operates in the retail and direct channels segment.
Receive News & Ratings for J.Jill Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.Jill Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.