Apparel retailer J.Jill up after upbeat third-quarter results
12/12/2024 15:25
** 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))