TD Cowen Forecasts Strong Price Appreciation for J.Jill (NYSE:JILL) Stock

J.Jill (NYSE:JILL) had its price target hoisted by equities researchers at TD Cowen from $15.00 to $17.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s target price suggests a potential upside of 7.79% from the company’s previous close.

A number of other equities research analysts also recently weighed in on JILL. Cowen restated a “hold” rating on shares of J.Jill in a research note on Wednesday. Jefferies Financial Group set a $18.00 target price on J.Jill in a report on Wednesday, December 10th. Wall Street Zen raised shares of J.Jill from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J.Jill in a research note on Wednesday, October 8th. Finally, BTIG Research lowered their target price on shares of J.Jill from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, J.Jill has an average rating of “Hold” and an average price target of $18.00.

J.Jill Trading Down 0.5%

Shares of NYSE JILL traded down $0.08 during midday trading on Wednesday, reaching $15.77. 9,326 shares of the stock were exchanged, compared to its average volume of 74,323. The business has a 50-day simple moving average of $14.75 and a two-hundred day simple moving average of $15.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 0.64. The company has a market capitalization of $238.30 million, a price-to-earnings ratio of 7.21 and a beta of 0.94. J.Jill has a 12 month low of $13.32 and a 12 month high of $28.94.

J.Jill (NYSE:JILL) last posted its quarterly earnings data on Wednesday, December 10th. The specialty retailer reported $0.76 EPS for the quarter, beating the consensus estimate of $0.58 by $0.18. J.Jill had a net margin of 5.60% and a return on equity of 36.33%. The business had revenue of $150.53 million for the quarter, compared to analysts’ expectations of $148.38 million. During the same period in the previous year, the firm posted $0.89 EPS. As a group, equities research analysts expect that J.Jill will post 3.36 EPS for the current year.

Hedge Funds Weigh In On J.Jill

Several institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in J.Jill during the fourth quarter valued at approximately $232,000. SG Americas Securities LLC raised its holdings in shares of J.Jill by 30.6% during the 4th quarter. SG Americas Securities LLC now owns 16,844 shares of the specialty retailer’s stock worth $231,000 after acquiring an additional 3,950 shares in the last quarter. Millennium Management LLC raised its holdings in shares of J.Jill by 502.7% during the 3rd quarter. Millennium Management LLC now owns 74,335 shares of the specialty retailer’s stock worth $1,275,000 after acquiring an additional 62,001 shares in the last quarter. Invenomic Capital Management LP bought a new position in shares of J.Jill during the 3rd quarter valued at approximately $3,431,000. Finally, Bank of America Corp DE grew its holdings in shares of J.Jill by 1.8% in the third quarter. Bank of America Corp DE now owns 40,210 shares of the specialty retailer’s stock valued at $690,000 after purchasing an additional 717 shares in the last quarter. 40.71% of the stock is currently owned by institutional investors.

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.