J.Jill, Inc. (NYSE:JILL) President and CEO Claire Spofford has recently sold a significant portion of her company stock, according to the latest filings with the Securities and Exchange Commission. The transactions, which took place over several days, resulted in a total sale of $291,732 worth of shares.
The sales occurred in multiple transactions between April 4th and April 8th, with share prices ranging from $29.02 to $30.03. On April 4th, Spofford sold 812 shares at an average price of $30.03, as detailed in the footnotes of the filing. The footnote also indicates the shares were sold at prices between $30.02 and $30.06, with the reporting person committing to provide full information regarding the number of shares sold at each separate price upon request.
Following that, on April 5th, the CEO sold 5,000 shares at an average price of $29.02. The shares were sold at prices ranging from $28.63 to $29.41. The final sale reported in the filing took place on April 8th, with 4,188 shares sold at an average price of $29.19, within a price range of $28.97 to $29.37.
In addition to the sales, the filing also reported that Spofford acquired 3,009 shares on April 4th at no cost. These shares were performance stock units granted on March 29, 2023, and were earned based on J.Jill, Inc. achieving a predetermined Adjusted EBITDA threshold for the fiscal year 2023. The shares will vest following a service-based vesting period.
After these transactions, CEO Claire Spofford's ownership in J.Jill stands at 209,077 shares of common stock. The recent sales by the CEO might be of interest to investors and market watchers, as insider transactions can provide insights into a company's performance and leadership's confidence in the business.
InvestingPro Insights
Amidst the recent insider transactions at J.Jill, Inc. (NYSE:JILL), where President and CEO Claire Spofford sold a notable number of shares, investors might be seeking additional context to understand the company's financial health and future prospects. Here are some key metrics and insights from InvestingPro that could shed light on the situation:
The company currently holds a market capitalization of $309.85 million, which provides a sense of its size within the retail industry. With a Price/Earnings (P/E) ratio of 11.33 and an adjusted P/E ratio for the last twelve months as of Q4 2024 at 6.71, JILL appears to be valued by the market at a level that could be attractive relative to its earnings.
InvestingPro Tips suggest that J.Jill has been recognized for its high shareholder yield and impressive gross profit margins, which stand at a robust 70.68% for the last twelve months as of Q4 2024. These figures are indicative of the company's ability to maintain profitability in its operations.
Moreover, while the stock has experienced a significant decline over the last week, with a 1-week price total return of -10.91%, it has shown strong returns over the last month and three months, with increases of 16.42% and 15.91%, respectively. This volatility could be a point of interest for investors looking at both short-term movements and longer-term performance.
For those looking to delve deeper into J.Jill's financials and future outlook, there are more InvestingPro Tips available, including insights on earnings revisions by analysts and the company's liquidity position. In fact, there are 11 additional tips listed on InvestingPro for JILL, which can provide a more comprehensive analysis of the company's financial state and potential investment opportunities.
Investors interested in these detailed analytics can benefit from an exclusive offer: use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to these valuable InvestingPro Tips. The insights provided could be particularly relevant in the context of insider transactions, as they offer a broader perspective on the company's financial trajectory.
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