BUZZ-Apparel retailer J.Jill up after upbeat third-quarter results

Reuters2024-12-12
BUZZ-Apparel retailer J.Jill up after upbeat third-quarter results

** Women's apparel retailer J.Jill's JILL.N shares up as much as 9.9% to more than three-month high of $30.40

** Company on Wednesday reported Q3 adj EPS of 89 cents vs est 80 cents, revenue of $151.3 mln vs est $151.2 mln - LSEG

** Reaffirmed FY24 revenue forecast and narrowed adj EBITDA outlook

** Telsey Advisory Group says forecasts reflect uncertain macro-operating environment, despite momentum in the business

** Brokerage BTIG says while company showed intra-quarter choppiness, it has overall held relatively steady, with margins remaining strong; cuts PT by $4 to $40

** Separately on Wednesday, J.Jill said CEO Claire Spofford is retiring, and will remain in her role till April

** 4 of 6 brokerages rate stock "buy" or higher, and 2 "hold"; median PT $39

** As of Wednesday's close, stock up ~7% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment