J.Jill, Inc. (NYSE:JILL) Announces $0.08 Quarterly Dividend

J.Jill, Inc. (NYSE:JILL) declared a quarterly dividend on Wednesday, August 27th, RTT News reports. Shareholders of record on Wednesday, September 17th will be paid a dividend of 0.08 per share by the specialty retailer on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%.

J.Jill has a dividend payout ratio of 8.6% meaning 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 3.1%

Shares of NYSE JILL opened at $17.09 on Thursday. J.Jill has a 1-year low of $13.36 and a 1-year high of $34.42. The company has a market cap of $261.12 million, a PE ratio of 7.63 and a beta of 0.55. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $15.59 and a two-hundred day moving average of $17.30.

J.Jill (NYSE:JILL) last announced its earnings results on Wednesday, June 11th. The specialty retailer reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. J.Jill had a net margin of 5.72% and a return on equity of 46.94%. The company had revenue of $153.62 million during the quarter, compared to the consensus estimate of $156.90 million. During the same period in the previous year, the firm posted $1.22 earnings per share. As a group, equities analysts expect that J.Jill will post 3.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JILL shares. Zacks Research raised shares of J.Jill from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Jefferies Financial Group dropped their price target on shares of J.Jill from $33.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, May 21st. Telsey Advisory Group reissued a “market perform” rating and set a $17.00 price target on shares of J.Jill in a research note on Wednesday. Finally, BTIG Research set a $30.00 price target on shares of J.Jill and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.25.

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.