J.Jill (NYSE:JILL) Posts Earnings Results, Beats Expectations By $0.19 EPS

J.Jill (NYSE:JILLGet Rating) issued its quarterly earnings results on Thursday. The specialty retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.19, Fidelity Earnings reports. J.Jill had a negative return on equity of 84.32% and a net margin of 0.75%. During the same period in the previous year, the company earned $0.93 earnings per share. J.Jill updated its Q3 2022 guidance to EPS.

J.Jill Trading Down 3.8 %

JILL stock opened at $16.25 on Friday. The stock has a market capitalization of $164.21 million, a P/E ratio of 203.15 and a beta of 1.31. The firm has a 50-day moving average price of $16.93 and a 200-day moving average price of $16.52. J.Jill has a 12 month low of $12.47 and a 12 month high of $20.89.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP acquired a new position in J.Jill in the 1st quarter valued at approximately $226,000. Invesco Ltd. bought a new position in J.Jill during the 1st quarter worth $230,000. Renaissance Technologies LLC lifted its holdings in J.Jill by 11.7% during the 2nd quarter. Renaissance Technologies LLC now owns 290,536 shares of the specialty retailer’s stock worth $5,314,000 after buying an additional 30,380 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of J.Jill by 24.3% in the 1st quarter. Vanguard Group Inc. now owns 211,590 shares of the specialty retailer’s stock valued at $3,210,000 after buying an additional 41,383 shares during the last quarter. 19.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JILL has been the subject of a number of analyst reports. Telsey Advisory Group boosted their price target on J.Jill to $24.00 in a research note on Thursday, June 9th. TheStreet upgraded shares of J.Jill from a “d+” rating to a “c-” rating in a research report on Wednesday, June 8th.

J.Jill Company Profile

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J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. The company offers knit and woven tops, bottoms, and dresses, as well as sweaters and outerwear; footwear; and accessories, including scarves, jewelry, and hosiery. The company markets its products through retail stores, website, and catalogs.

Further Reading

Earnings History for J.Jill (NYSE:JILL)

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