Goldman Sachs Group Inc. Has $642,000 Stock Holdings in J.Jill, Inc. $JILL

Key Points

• Goldman Sachs Group Inc. reduced its holdings in J.Jill, Inc. by 33.6%, now owning 32,854 shares valued at $642,000, following the sale of 16,615 shares in the first quarter.
• J.Jill reported strong quarterly earnings with an EPS of $0.81, surpassing analysts' expectations of $0.72 and achieving a revenue of $153.99 million against a forecast of $148.02 million.
• The company declared a quarterly dividend of $0.08 per share, which will be paid to shareholders on October 1st, yielding an annualized rate of 1.8%.

Goldman Sachs Group Inc. lessened its holdings in shares of J.Jill, Inc. (NYSE:JILL - Free Report) by 33.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 32,854 shares of the specialty retailer's stock after selling 16,615 shares during the period. Goldman Sachs Group Inc. owned 0.22% of J.Jill worth $642,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of J.Jill by 1.9% in the 4th quarter. Ameriprise Financial Inc. now owns 34,760 shares of the specialty retailer's stock valued at $960,000 after buying an additional 634 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of J.Jill by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 107,650 shares of the specialty retailer's stock valued at $2,102,000 after buying an additional 794 shares during the period. Rhumbline Advisers grew its holdings in shares of J.Jill by 11.7% in the 1st quarter. Rhumbline Advisers now owns 7,908 shares of the specialty retailer's stock valued at $154,000 after buying an additional 829 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of J.Jill by 32.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,389 shares of the specialty retailer's stock valued at $94,000 after buying an additional 839 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of J.Jill in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 40.71% of the company's stock.

J.Jill Trading Up 0.2%

Shares of NYSE:JILL opened at $17.76 on Thursday. The company's 50-day moving average price is $16.68 and its two-hundred day moving average price is $16.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.11 and a quick ratio of 0.64. J.Jill, Inc. has a one year low of $13.36 and a one year high of $30.40. The stock has a market capitalization of $270.45 million, a PE ratio of 7.43 and a beta of 0.75.

J.Jill (NYSE:JILL - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. J.Jill had a net margin of 6.12% and a return on equity of 40.48%. The firm had revenue of $153.99 million for the quarter, compared to analysts' expectations of $148.02 million. On average, equities analysts forecast that J.Jill, Inc. will post 3.36 EPS for the current fiscal year.

J.Jill Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.32 annualized dividend and a yield of 1.8%. J.Jill's payout ratio is 13.39%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JILL. Jefferies Financial Group decreased their price target on shares of J.Jill from $22.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, September 3rd. TD Cowen boosted their price target on shares of J.Jill from $16.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, September 4th. Telsey Advisory Group reissued a "market perform" rating and issued a $17.00 price target on shares of J.Jill in a report on Wednesday, September 3rd. Cowen reissued a "hold" rating on shares of J.Jill in a report on Thursday, September 4th. Finally, BTIG Research set a $26.00 price objective on shares of J.Jill in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.00.

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.

Want to see what other hedge funds are holding JILL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.Jill, Inc. (NYSE:JILL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.