J.Jill (NYSE:JILL) Price Target Raised to $18.00

J.Jill (NYSE:JILL) had its price target boosted by equities researchers at TD Cowen from $14.00 to $18.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s target price points to a potential downside of 6.63% from the company’s previous close.

Several other research firms have also issued reports on JILL. Jefferies Financial Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of J.Jill in a research note on Wednesday, June 10th. Telsey Advisory Group restated a “market perform” rating and set a $14.00 price target (up from $13.00) on shares of J.Jill in a report on Thursday, June 11th. Weiss Ratings upgraded J.Jill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Zacks Research raised shares of J.Jill from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Finally, William Blair cut shares of J.Jill from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, J.Jill currently has an average rating of “Hold” and a consensus price target of $16.50.

J.Jill Price Performance

Shares of NYSE JILL traded up $0.60 during mid-day trading on Tuesday, hitting $19.28. 6,520 shares of the company’s stock traded hands, compared to its average volume of 73,891. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.60. J.Jill has a 1 year low of $10.40 and a 1 year high of $19.39. The company’s 50-day moving average is $16.55 and its two-hundred day moving average is $15.06. The company has a market capitalization of $288.24 million, a P/E ratio of 14.01 and a beta of 0.84.

J.Jill (NYSE:JILL) last released its quarterly earnings results on Wednesday, June 10th. The specialty retailer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. J.Jill had a return on equity of 24.44% and a net margin of 3.56%.The company had revenue of $144.43 million during the quarter, compared to analyst estimates of $144.30 million. On average, equities analysts anticipate that J.Jill will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in J.Jill by 83.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,483 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 673 shares during the period. State of Alaska Department of Revenue bought a new stake in J.Jill during the 4th quarter valued at about $56,000. Wells Fargo & Company MN boosted its holdings in shares of J.Jill by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 8,211 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 2,595 shares during the period. Quadrature Capital Ltd purchased a new position in J.Jill during the 4th quarter worth $150,000. Finally, Rhumbline Advisers raised its position in J.Jill by 11.7% during the 1st quarter. Rhumbline Advisers now owns 7,908 shares of the specialty retailer’s stock valued at $154,000 after purchasing an additional 829 shares in the last quarter. Institutional investors own 40.71% of the company’s stock.

About J.Jill

J.Jill is a women’s apparel retailer specializing in modern, versatile clothing and accessories. The company designs and markets a range of products that emphasize comfort and style, including knitwear, woven tops, pants, dresses, outerwear, jewelry, and footwear. Through its in-house design team, J.Jill focuses on creating seasonal collections that appeal to women seeking effortless, mix-and-match wardrobes.

Products are sold through a multi-channel distribution network comprising company-operated boutiques, e-commerce platforms, and catalog sales.