J.Jill, Inc. Declares Quarterly Dividend of $0.09 (NYSE:JILL)

Key Points

• J.Jill declared a quarterly dividend of $0.09 per share, payable October 7 to shareholders of record on September 23. The dividend implies a 1.9% yield and is supported by a low 9.7% earnings payout ratio.
• The retailer’s latest quarterly results slightly exceeded expectations, with EPS of $0.45 versus the $0.44 consensus and revenue of $144.43 million. Analysts expect full-year EPS of $2.04.
• J.Jill shares opened at $18.66, down 4.0%, while insiders have sold 11,158 shares worth about $226,000 over the past quarter; institutional investors own 40.71% of the stock.

J.Jill, Inc. (NYSE:JILL - Get Free Report) declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Wednesday, September 23rd will be paid a dividend of 0.09 per share by the specialty retailer on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 23rd.

J.Jill has a payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect J.Jill to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.8%.

J.Jill Stock Down 4.0%

JILL opened at $18.66 on Thursday. J.Jill has a one year low of $10.40 and a one year high of $20.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.60 and a current ratio of 1.13. The stock has a market capitalization of $279.00 million, a P/E ratio of 13.62 and a beta of 0.87. The business's 50-day simple moving average is $17.81 and its 200-day simple moving average is $15.35.

J.Jill (NYSE:JILL - Get Free Report) last released its quarterly earnings results on Wednesday, June 10th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $144.43 million for the quarter, compared to the consensus estimate of $144.30 million. J.Jill had a return on equity of 24.44% and a net margin of 3.56%. Analysts anticipate that J.Jill will post 2.04 EPS for the current year.

Insider Transactions at J.Jill

In other news, EVP Mark W. Webb sold 2,074 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $20.33, for a total transaction of $42,164.42. Following the completion of the sale, the executive vice president directly owned 174,679 shares in the company, valued at $3,551,224.07. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 11,158 shares of company stock worth $225,984. Insiders own 4.40% of the company's stock.

Institutional Trading of J.Jill

Several hedge funds and other institutional investors have recently bought and sold shares of JILL. Fund 1 Investments LLC lifted its stake in J.Jill by 96.8% during the second quarter. Fund 1 Investments LLC now owns 1,328,949 shares of the specialty retailer's stock worth $21,090,000 after purchasing an additional 653,645 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of J.Jill by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,496 shares of the specialty retailer's stock worth $3,208,000 after purchasing an additional 8,172 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in J.Jill by 12.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,129 shares of the specialty retailer's stock worth $357,000 after buying an additional 3,499 shares during the last quarter. 1492 Capital Management LLC bought a new position in shares of J.Jill during the first quarter worth about $258,000. Finally, XTX Topco Ltd acquired a new position in J.Jill during the 4th quarter valued at about $347,000. 40.71% of the stock is 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.

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