J.Jill, Inc. (JILL) Sees Significant Decrease in Short Interest

J.Jill, Inc. (NYSE:JILL) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,462,774 shares, a decline of 43.9% from the October 13th total of 2,608,444 shares. Approximately 10.3% of the company’s shares are short sold. Based on an average daily trading volume, of 792,579 shares, the days-to-cover ratio is presently 1.8 days.

Several research analysts have commented on JILL shares. Zacks Investment Research downgraded J.Jill from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. SunTrust Banks, Inc. lowered J.Jill from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Morgan Stanley lowered J.Jill from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 12th. BidaskClub raised J.Jill from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Finally, Jefferies Group LLC set a $13.00 price objective on J.Jill and gave the stock a “buy” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.00.

In related news, Director Michael A. Eck bought 10,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were purchased at an average cost of $9.92 per share, with a total value of $99,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.70% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. UBS Group AG bought a new stake in J.Jill in the 1st quarter valued at about $121,000. Cubist Systematic Strategies LLC bought a new stake in J.Jill in the 2nd quarter valued at about $110,000. B. Riley Financial Inc. bought a new stake in J.Jill in the 3rd quarter valued at about $109,000. Rhumbline Advisers bought a new stake in J.Jill in the 2nd quarter valued at about $135,000. Finally, Virtu KCG Holdings LLC bought a new stake in J.Jill in the 2nd quarter valued at about $168,000. 32.32% of the stock is owned by institutional investors and hedge funds.

J.Jill (JILL) opened at $5.58 on Friday. J.Jill has a 12-month low of $4.74 and a 12-month high of $14.40. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 1.70.

J.Jill (NYSE:JILL) last posted its quarterly earnings data on Tuesday, August 29th. The specialty retailer reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $181.40 million during the quarter, compared to the consensus estimate of $179.02 million. J.Jill’s revenue was up 9.9% on a year-over-year basis. equities analysts predict that J.Jill will post 0.71 EPS for the current fiscal year.

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J.Jill Company Profile

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.

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