J.Jill Inc (NYSE:JILL) was up 8.5% on Thursday . The stock traded as high as $4.88 and last traded at $4.87. Approximately 855,644 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 635,391 shares. The stock had previously closed at $4.49.
Several equities research analysts have recently weighed in on JILL shares. Zacks Investment Research raised shares of J.Jill from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Wednesday, February 7th. Cowen set a $7.00 target price on shares of J.Jill and gave the company a “buy” rating in a research report on Thursday, March 15th. Deutsche Bank decreased their target price on shares of J.Jill from $15.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, March 19th. Morgan Stanley reissued an “equal weight” rating and set a $8.00 target price (down previously from $11.00) on shares of J.Jill in a research report on Friday, March 16th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $6.00 target price on shares of J.Jill in a research report on Friday, March 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.57.
The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.48 and a current ratio of 1.27. The stock has a market cap of $213.05 and a P/E ratio of 6.08.
In related news, Director Michael A. Eck purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was acquired at an average price of $4.53 per share, with a total value of $45,300.00. Following the completion of the acquisition, the director now owns 22,707 shares in the company, valued at approximately $102,862.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Advisers LP purchased a new position in shares of J.Jill in the fourth quarter worth $100,000. Acadian Asset Management LLC purchased a new position in shares of J.Jill in the fourth quarter worth $114,000. Tower Research Capital LLC TRC raised its holdings in shares of J.Jill by 455.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,934 shares of the specialty retailer’s stock worth $140,000 after buying an additional 14,706 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of J.Jill in the fourth quarter worth $140,000. Finally, California State Teachers Retirement System purchased a new position in shares of J.Jill in the second quarter worth $257,000. 23.97% of the stock is owned by institutional investors and hedge funds.
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About J.Jill
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.
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