Zacks: Brokerages Anticipate J.Jill Inc (NYSE:JILL) Will Announce Quarterly Sales of $178.65 Million

Brokerages expect J.Jill Inc (NYSE:JILL) to post $178.65 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for J.Jill’s earnings, with the lowest sales estimate coming in at $177.15 million and the highest estimate coming in at $181.40 million. J.Jill posted sales of $179.71 million in the same quarter last year, which suggests a negative year over year growth rate of 0.6%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, August 27th.

According to Zacks, analysts expect that J.Jill will report full year sales of $698.68 million for the current year, with estimates ranging from $696.00 million to $701.58 million. For the next fiscal year, analysts forecast that the company will post sales of $714.49 million, with estimates ranging from $711.39 million to $720.88 million. Zacks’ sales averages are an average based on a survey of analysts that cover J.Jill.

J.Jill (NYSE:JILL) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.07). J.Jill had a return on equity of 11.98% and a net margin of 3.37%. The company had revenue of $176.40 million during the quarter, compared to the consensus estimate of $179.93 million. During the same period in the previous year, the business earned $0.29 earnings per share. J.Jill’s revenue was down 2.8% on a year-over-year basis.



A number of research firms have recently commented on JILL. Deutsche Bank lowered J.Jill from a “buy” rating to a “hold” rating and cut their price target for the stock from $9.00 to $1.68 in a report on Friday, May 31st. Zacks Investment Research raised J.Jill from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. ValuEngine lowered J.Jill from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 8th. Morgan Stanley cut their price target on J.Jill from $7.00 to $2.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Finally, Bank of America lowered J.Jill from a “buy” rating to a “neutral” rating and set a $2.00 price target for the company. in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. J.Jill presently has an average rating of “Hold” and an average price target of $4.78.

Shares of J.Jill stock traded down $0.11 during trading hours on Monday, reaching $1.48. The company had a trading volume of 554,000 shares, compared to its average volume of 357,177. J.Jill has a one year low of $1.24 and a one year high of $8.44. The business has a fifty day simple moving average of $2.06 and a 200 day simple moving average of $4.05. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.97 and a quick ratio of 0.36. The firm has a market cap of $65.27 million, a PE ratio of 2.06, a price-to-earnings-growth ratio of 0.76 and a beta of 3.34.

In other news, Director Michael Rahamim purchased 68,966 shares of the stock in a transaction on Wednesday, June 19th. The shares were acquired at an average price of $1.55 per share, for a total transaction of $106,897.30. Following the completion of the transaction, the director now directly owns 268,660 shares of the company’s stock, valued at approximately $416,423. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director P. Kelly Mooney purchased 16,850 shares of the stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $1.49 per share, for a total transaction of $25,106.50. Following the transaction, the director now directly owns 7,650 shares of the company’s stock, valued at $11,398.50. The disclosure for this purchase can be found here. Insiders purchased 927,667 shares of company stock worth $1,560,939 in the last quarter. 6.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Miller Howard Investments Inc. NY purchased a new stake in J.Jill during the first quarter valued at about $2,745,000. Denali Advisors LLC raised its position in J.Jill by 235.2% during the second quarter. Denali Advisors LLC now owns 53,363 shares of the specialty retailer’s stock valued at $106,000 after purchasing an additional 37,445 shares in the last quarter. First Quadrant L P CA increased its holdings in shares of J.Jill by 32.1% in the first quarter. First Quadrant L P CA now owns 85,822 shares of the specialty retailer’s stock worth $471,000 after buying an additional 20,870 shares during the period. Paradigm Capital Management Inc. NY increased its holdings in shares of J.Jill by 39.8% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,488,000 shares of the specialty retailer’s stock worth $8,169,000 after buying an additional 423,800 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of J.Jill by 3.1% in the fourth quarter. BlackRock Inc. now owns 973,745 shares of the specialty retailer’s stock worth $5,190,000 after buying an additional 29,273 shares during the period. Institutional investors and hedge funds own 33.23% of the company’s stock.

J.Jill Company Profile

J.Jill, Inc operates as an omnichannel retailer for 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.

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Earnings History and Estimates for J.Jill (NYSE:JILL)

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