JPMorgan Chase & Co. Sells 42,605 Shares of J.Jill, Inc. (NYSE:JILL)

JPMorgan Chase & Co. cut its stake in J.Jill, Inc. (NYSE:JILL - Free Report) by 54.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,243 shares of the specialty retailer's stock after selling 42,605 shares during the quarter. JPMorgan Chase & Co. owned 0.23% of J.Jill worth $869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of JILL. Point72 Asia Singapore Pte. Ltd. purchased a new stake in J.Jill in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. increased its position in shares of J.Jill by 196.6% during the third quarter. Meeder Asset Management Inc. now owns 2,847 shares of the specialty retailer's stock valued at $70,000 after acquiring an additional 1,887 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in J.Jill by 58.4% during the third quarter. Banque Cantonale Vaudoise now owns 6,272 shares of the specialty retailer's stock worth $155,000 after acquiring an additional 2,312 shares during the period. Jane Street Group LLC purchased a new position in J.Jill in the third quarter worth $256,000. Finally, Los Angeles Capital Management LLC grew its stake in J.Jill by 22.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 10,540 shares of the specialty retailer's stock valued at $260,000 after purchasing an additional 1,920 shares during the period. Institutional investors own 40.71% of the company's stock.

Insider Transactions at J.Jill

In other J.Jill news, CEO Claire Spofford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $132,850.00. Following the sale, the chief executive officer now directly owns 132,205 shares in the company, valued at $3,512,686.85. This represents a 3.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark W. Webb sold 6,740 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $28.54, for a total transaction of $192,359.60. Following the transaction, the chief financial officer now owns 97,188 shares of the company's stock, valued at $2,773,745.52. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,341 shares of company stock valued at $781,538 over the last three months. Company insiders own 6.70% of the company's stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $31.00 target price on shares of J.Jill in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.17.

J.Jill Stock Performance

Shares of NYSE JILL traded down $0.03 during trading on Friday, reaching $27.77. 40,037 shares of the stock traded hands, compared to its average volume of 81,978. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.97 and a quick ratio of 0.49. The stock has a market capitalization of $426.05 million, a P/E ratio of 9.81 and a beta of 0.69. J.Jill, Inc. has a 52-week low of $23.06 and a 52-week high of $40.61. The company has a 50-day moving average of $27.03 and a 200-day moving average of $28.64.

J.Jill (NYSE:JILL - Get Free Report) last issued its earnings results on Wednesday, December 11th. The specialty retailer reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. J.Jill had a net margin of 6.80% and a return on equity of 71.30%. Analysts forecast that J.Jill, Inc. will post 3.36 EPS for the current fiscal year.

J.Jill Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. J.Jill's dividend payout ratio is currently 9.89%.

J.Jill Profile

J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. It offers apparel, footwear, and accessories, including scarves and jewelry. The company markets its products through retail stores, website, and catalogs. J.Jill, Inc was founded in 1959 and is headquartered in Quincy, Massachusetts.