Stone Ridge Asset Management LLC raised its position in J.Jill Inc (NYSE:JILL) by 78.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,735 shares of the specialty retailer’s stock after buying an additional 25,330 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in J.Jill were worth $357,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of JILL. BlackRock Inc. boosted its position in shares of J.Jill by 44.0% during the second quarter. BlackRock Inc. now owns 985,440 shares of the specialty retailer’s stock valued at $9,203,000 after buying an additional 301,323 shares during the period. IndexIQ Advisors LLC raised its stake in shares of J.Jill by 7.8% during the second quarter. IndexIQ Advisors LLC now owns 494,883 shares of the specialty retailer’s stock valued at $4,622,000 after acquiring an additional 35,793 shares in the last quarter. Millennium Management LLC raised its stake in shares of J.Jill by 19.5% during the first quarter. Millennium Management LLC now owns 388,597 shares of the specialty retailer’s stock valued at $1,718,000 after acquiring an additional 63,426 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in J.Jill by 1,106.4% in the second quarter. Dimensional Fund Advisors LP now owns 363,510 shares of the specialty retailer’s stock worth $3,395,000 after buying an additional 333,379 shares in the last quarter. Finally, Spark Investment Management LLC bought a new position in J.Jill in the second quarter worth approximately $3,104,000. 23.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on JILL. Jefferies Financial Group reaffirmed a “buy” rating and set a $9.00 price target on shares of J.Jill in a research report on Thursday, November 15th. Deutsche Bank lowered their price target on shares of J.Jill from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, August 22nd. TheStreet lowered shares of J.Jill from a “c-” rating to a “d+” rating in a report on Monday, September 10th. Morgan Stanley decreased their price objective on shares of J.Jill from $8.00 to $7.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research upgraded shares of J.Jill from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.31.
J.Jill (NYSE:JILL) last issued its quarterly earnings data on Tuesday, August 21st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $179.70 million for the quarter, compared to the consensus estimate of $178.46 million. J.Jill had a net margin of 8.02% and a return on equity of 18.90%. J.Jill’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. Equities analysts expect that J.Jill Inc will post 0.67 EPS for the current fiscal year.
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J.Jill, Inc operates as an Omni channel retailer women's apparel under the J.Jill brand name in the United States. The company offers knit and woven tops, bottoms, and dresses, as well as sweaters and outerwear; and complementary footwear and accessories, including scarves, jewelry, and hosiery for misses, petites, and women.
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