July 23, 2018

Still Listen to Stock Analysts?: JC Penney Company, Inc. (JCP)

11 August 2017, 04:20 | Joann Bryant

J.c. Penney Company, Inc. Holding Company - JCP - Stock Price Today - Zacks - Zacks Investment Research

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"However, the impact of challenging retail landscape, high debt level, stiff competition from online retailers, and waning store traffic concerns linger".

The following firms have also recently changed their position in JCP. (JCP) shares plunged in premarket trading on Friday, Aug. 11, after the department store reported earnings far short of expectations.

Director, TYSOE RONALD W, purchased 25,000 common shares of J. C. Penney Company, Inc. Holding in a report on Tuesday, May 23rd. Marathon Trading Mngmt Lc holds 0.02% of its portfolio in J C Penney Company Inc (NYSE:JCP) for 22,782 shares. As per Wednesday, July 22, the company rating was upgraded by Buckingham Research.

They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. Mizuho maintained the shares of CDNA in report on Tuesday, June 14 with "Buy" rating. Holding has an average rating of "Hold" and an average price target of $6.49. 11,856 are held by Sterling Management Ltd. Tower Rech Capital Limited Liability Company (Trc) accumulated 3,717 shares. (NYSE:JCP) by some 41,793,085 shares, 175 decreased positions by 61,177,972 and 44 held positions by 145,085,070. J.C. Penney Company, Inc. Holding has a 1-year low of $4.17 and a 1-year high of $11.30. This company shares are 43.74% off its target price of $6.77 and the current market capitalization stands at $1.46B. This represents an increase of approximately 803% compared to the typical volume of 5,301 put options.

Jefferies Group LLC reiterated their hold rating on shares of J.C. Penney Company, Inc. For the next fiscal year, analysts anticipate that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.05 to $0.60.

J.C. Penney Company Inc (NYSE:JCP) has average revenue estimates of $2.83 Billion, compared to low analyst estimates of $2.73 Billion and high estimates of $2.96 Billion for the current quarter. However it has a net margin of -0.90%. The business's quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts at Northcoast Research decreased their Q2 2018 earnings per share (EPS) estimates for J.C. Penney Company, Inc. Telsey Advisory Group raised their price target on J.C. Penney Company, Inc.

J.C. Penney is the bearer of more bad news for department-store investors. If you are reading this piece on another website, it was stolen and reposted in violation of US & global copyright & trademark legislation. Holding in a report on Saturday, May 13th. Teachers Advisors LLC increased its position in shares of J.C. Penney Company, Inc. Target, meanwhile, said it now saw a modest improvement in comparable sales in its second quarter, providing some much-needed hope for its peers. Holding by 84.4% in the first quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock worth $152,179,000 after buying an additional 24,491,676 shares during the period. Finally, Deutsche Bank AG downgraded shares of J.C. Penney Company, Inc. Holding by 59.0% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator's stock valued at $108,000 after buying an additional 2,212 shares during the last quarter. Parametrica Management Ltd acquired a new stake in J.C. Penney Company, Inc. Holding by 55.2% in the first quarter. Strs Ohio now owns 4,600,000 shares of the department store operator's stock valued at $28,336,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Robert W. Baird lowered shares of J.C. Penney Company, Inc. Holding by 47.3% in the first quarter. Institutional investors own 77.17% of the company's stock.

On December 2 the company was upgraded from " to "Buy" by analysts at Bank of America.

Penney's weaker-than-expected same-store sales was in contrast to those from Macy's Inc and Kohl's Corp.

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