J.Jill (NYSE:JILL) Releases Earnings Results, Beats Estimates By $0.11 EPS

J.Jill (NYSE:JILL) posted its quarterly earnings data on Wednesday. The specialty retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11, Yahoo Finance reports. The company had revenue of $155.24 million during the quarter, compared to analysts’ expectations of $155.13 million. J.Jill had a return on equity of 136.44% and a net margin of 7.84%. During the same period in the prior year, the business earned $1.10 earnings per share. J.Jill updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

J.Jill Stock Performance

J.Jill stock opened at $26.51 on Friday. The firm has a market capitalization of $284.93 million, a P/E ratio of 7.91 and a beta of 0.61. The stock has a fifty day moving average price of $35.19 and a two-hundred day moving average price of $31.38. J.Jill has a 52-week low of $23.06 and a 52-week high of $40.61. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.00 and a quick ratio of 0.67.

J.Jill Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, September 18th. J.Jill’s dividend payout ratio is 8.36%.

Insider Activity

In related news, Director Investors Ltd. Towerbrook sold 1,300,000 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $31.00, for a total transaction of $40,300,000.00. Following the completion of the sale, the director now owns 4,021,444 shares in the company, valued at approximately $124,664,764. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Investors Ltd. Towerbrook sold 1,300,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $31.00, for a total transaction of $40,300,000.00. Following the sale, the director now directly owns 4,021,444 shares in the company, valued at approximately $124,664,764. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark W. Webb sold 1,352 shares of J.Jill stock in a transaction on Monday, July 8th. The shares were sold at an average price of $33.74, for a total value of $45,616.48. Following the completion of the transaction, the chief financial officer now owns 108,576 shares of the company’s stock, valued at approximately $3,663,354.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,326,190 shares of company stock worth $41,210,657. Corporate insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Lake Street Capital raised their price target on shares of J.Jill from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. BTIG Research began coverage on J.Jill in a research note on Wednesday, July 10th. They set a “buy” rating and a $44.00 price target on the stock. Jefferies Financial Group cut their price target on J.Jill from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen lowered their price objective on J.Jill from $37.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 target price on shares of J.Jill in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

About J.Jill

J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. It offers apparel, footwear, and accessories, including scarves and jewelry. The company markets its products through retail stores, website, and catalogs. J.Jill, Inc was founded in 1959 and is headquartered in Quincy, Massachusetts.