J.Jill, Inc. to Issue Quarterly Dividend of $0.08 (NYSE:JILL)

J.Jill, Inc. (NYSE:JILL - Get Free Report) announced a quarterly dividend on Tuesday, June 3rd, RTT News reports. Stockholders of record on Wednesday, June 25th will be paid a dividend of 0.08 per share by the specialty retailer on Wednesday, July 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Wednesday, June 25th.

J.Jill has a dividend payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J.Jill to earn $3.62 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 8.8%.

J.Jill Trading Up 5.4%

Shares of NYSE:JILL traded up $0.84 during trading on Thursday, reaching $16.41. 87,580 shares of the stock were exchanged, compared to its average volume of 143,820. The firm's 50-day moving average price is $16.20 and its 200 day moving average price is $22.03. The firm has a market cap of $250.73 million, a price-to-earnings ratio of 5.80 and a beta of 0.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.49 and a current ratio of 0.97. J.Jill has a 12-month low of $14.37 and a 12-month high of $40.61.

J.Jill (NYSE:JILL - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. The firm had revenue of $94.75 million for the quarter, compared to analyst estimates of $142.33 million. J.Jill had a return on equity of 71.30% and a net margin of 6.80%. On average, sell-side analysts anticipate that J.Jill will post 3.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On J.Jill

A hedge fund recently raised its stake in J.Jill stock. Rhumbline Advisers lifted its position in shares of J.Jill, Inc. (NYSE:JILL - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,908 shares of the specialty retailer's stock after acquiring an additional 829 shares during the period. Rhumbline Advisers owned about 0.05% of J.Jill worth $154,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group reduced their price target on J.Jill from $33.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $21.00 target price on shares of J.Jill in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.40.

About J.Jill

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.