Shares of J.Jill, Inc. Pop 7% After Management Predicts Same-Store Sales Rebound
Excluding the recent optimism in retail stocks following a strong Black Friday, it's been a rough couple of years for most apparel retailers. Don't tell that to J.Jill, Inc. (NYSE: JILL), which just released third-quarter results and fourth-quarter guidance that sent its stock up over 7% as of 10:55 a.m. EST.
Total net sales climbed a modest 1.6% higher, to $162 million, during the third quarter with comparable sales checking in with a 0.6% decline. On the bottom line, J.Jill's adjusted earnings per share checked in at $0.13, which was down from the prior year's result of $0.18 per share. The company's revenue and earnings were a mixed bag depending on which analysts were surveyed; both results surpassed Zacks average estimates, but both fell short of FactSet consensus estimates.
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Source: Fool.com
J.Jill Inc Stock
Currently there is a rather positive sentiment for J.Jill Inc with 5 Buy predictions and 0 Sell predictions.
With a target price of 34 € there is a slightly positive potential of 3.66% for J.Jill Inc compared to the current price of 32.8 €.
