Divisadero Street Capital Management LP Has $44 Million Stake in J.Jill, Inc. (NYSE:JILL)

Divisadero Street Capital Management LP boosted its holdings in J.Jill, Inc. (NYSE:JILL - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,592,886 shares of the specialty retailer's stock after purchasing an additional 91,545 shares during the quarter. J.Jill comprises 5.1% of Divisadero Street Capital Management LP's holdings, making the stock its 5th largest holding. Divisadero Street Capital Management LP owned 10.38% of J.Jill worth $43,996,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in J.Jill by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 140,762 shares of the specialty retailer's stock worth $3,473,000 after buying an additional 31,265 shares during the period. Rhumbline Advisers increased its holdings in shares of J.Jill by 15.5% during the fourth quarter. Rhumbline Advisers now owns 7,079 shares of the specialty retailer's stock valued at $196,000 after acquiring an additional 950 shares in the last quarter. Royce & Associates LP raised its position in shares of J.Jill by 36.4% during the fourth quarter. Royce & Associates LP now owns 576,031 shares of the specialty retailer's stock worth $15,910,000 after purchasing an additional 153,568 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of J.Jill by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,440 shares of the specialty retailer's stock worth $2,167,000 after purchasing an additional 1,296 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of J.Jill by 19.9% in the 4th quarter. Franklin Resources Inc. now owns 178,692 shares of the specialty retailer's stock worth $4,935,000 after purchasing an additional 29,640 shares in the last quarter. 40.71% of the stock is currently owned by institutional investors.

J.Jill Stock Up 7.0%

JILL traded up $1.12 during midday trading on Monday, reaching $17.02. 84,917 shares of the company were exchanged, compared to its average volume of 143,175. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.49 and a current ratio of 0.97. The company's fifty day moving average price is $17.26 and its 200 day moving average price is $23.08. The company has a market cap of $260.06 million, a price-to-earnings ratio of 6.03 and a beta of 0.60. J.Jill, Inc. has a one year low of $14.37 and a one year high of $40.61.

J.Jill (NYSE:JILL - Get Free Report) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. J.Jill had a return on equity of 71.30% and a net margin of 6.80%. The company had revenue of $94.75 million for the quarter, compared to analysts' expectations of $142.33 million. As a group, analysts expect that J.Jill, Inc. will post 3.36 EPS for the current year.

J.Jill Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 2nd were given a dividend of $0.08 per share. This is a positive change from J.Jill's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, April 2nd. J.Jill's dividend payout ratio (DPR) is presently 12.12%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a "market perform" rating and set a $31.00 price target on shares of J.Jill in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, J.Jill has a consensus rating of "Moderate Buy" and an average target price of $38.20.

J.Jill Company 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.