J.Jill price target lowered to $40 from $44 at BTIG

BTIG lowered the firm’s price target on J.Jill (JILL) to $40 from $44 and keeps a Buy rating on the shares. The company’s Q3 slightly exceeded consensus with trends improving as the quarter progressed, and Q4 was guided largely in-line with prior expectations, the analyst tells investors in a research note. While J.Jill consumer is clearly less exuberant than they were at the start of the year, the company’s performance – despite showing intra-quarter choppiness – has overall held relatively steady, with margins remaining strong, the firm adds.

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Read More on JILL:

• J.Jill Reports Q3 2024 Results and New Share Buyback
• J.Jill Announces CEO Retirement and Share Buyback Plan
• J. Jill reports Q3 adjusted EPS 89c, consensus 80c
• J. Jill sees Q4 revenue down 4%-6%
• J. Jill cuts FY24 revenue growth view to 0%-1% from 1%-3%