J.Jill Has The Ability For Top-Line Gains & Increased Profitability, Analyst Says

J.Jill Has The Ability For Top-Line Gains & Increased Profitability, Analyst Says
  • Telsey Advisory analyst Dana Telsey reiterated a Moderate Risk rating on the shares of J.Jill Inc JILL with a price target of $24.00.
  • The company's Q2 revenue missed estimates while the EPS exceeded the Street view.
  • The analyst said recent quarters continue to prove that JILL's strategic initiatives to simplify the offering while streamlining operations and focusing on full-priced selling result in improved performance with higher margins.
  • Telsey mentioned J.Jill's record adjusted EBITDA, despite the macro headwinds.
  •  With a better balance between the core offering and newness, J.Jill can tell a clearer story, allowing the customer to better connect with the assortment over a longer selling period, added the analyst.
  • With an attractive customer base, strong omnichannel offering, and assortment improvements, Telsey sees the ability for ongoing topline gains and increased profitability. 
  • Price Action: JILL shares are trading lower by 6.09% at $15.87 on the last check Friday.

Posted In: BriefsAnalyst ColorNewsPrice TargetReiterationAnalyst Ratings