JC Penney Shares Sink After Losses Exceed Expectations


Relative Strength Index (RSI) was 37.06.

Elements of this story were generated by Automated Insights using data from Zacks Investment Research. 11,856 are held by Sterling Management Ltd. Tower Rech Capital Limited Liability Company (Trc) accumulated 3,717 shares. J.C. Penney Company, Inc.

Department stores have been struggling with declining mall traffic and tough competition from off-price retailers and e-commerce behemoth Amazon.com Inc. Of course not. Rating varies from one analyst to other analyst. Holding in a research note on Saturday, May 13th. Cambridge Inv Advsr Inc reported 0% in J C Penney Company Inc (NYSE:JCP). Holding in a research report on Saturday, May 13th. Moreover, Kohlberg Kravis Roberts LP has 0.47% invested in J C Penney Company Inc (NYSE:JCP). On June 27, 2017 the stock rating was changed to a "Hold" according to a Gordon Haskett report which was a boost from the previous " rating. The stock has "Neutral" rating by Buckingham Research on Monday, May 15. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of J.C. Penney Company, Inc. Citigroup initiated it with "Sell" rating and $7 target in Wednesday, October 7 report. The 12-month consensus mean price target for the stock is $5.43, reflecting a 36% upside from current levels.

Shares of J.C. Penney Company, Inc. The company has market cap of $25.43 million. The stock now has Monthly Volatility of 4.16% and Weekly Volatility of 4.26%.

CEO Marvin Ellison reminded investors that the effects of the liquidation would be contained in the second quarter, and said the company remains "confident in our ability to further strengthen our balance sheet, while driving sustainable growth and long-term profitability for JCPenney". This is an increase of approximately 803% compared to the average volume of 5,301 put options. Holding (NYSE:JCP) last released its earnings results on Friday, August 11th.

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In the latest earnings report the EPS was $-0.36 and is expected to be $0.49 for the current year with 309,996,000 shares outstanding. Holding had a positive return on equity of 11.44% and a negative net margin of 0.89%. The department store chain reported adjusted losses of 9 cents per share or $28 million on $2.96 billion in revenue, while analysts had been expecting losses of 4 cents per share on $2.84 billion in sales. The company is expected to report EPS as high as $-0.07 and as low as $-0.25 per share. The stock's 50 day moving average price is $4.98 and its 200-day moving average price is $5.57.

Most of the analysts covering JC Penney remain sidelined on the company's stock.

TRADEMARK VIOLATION WARNING: This piece was published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA & global trademark and copyright laws. State Of Wisconsin Inv Board reported 0.01% of its portfolio in J C Penney Company Inc (NYSE:JCP).

ILLEGAL ACTIVITY NOTICE: "Credit Suisse Group Lowers J.C. Penney Company, Inc". Institutional investors own 77.17% of the company's stock. Vanguard Group Inc. increased its position in J.C. Penney Company, Inc. Holding by 11,522.1% in the first quarter. In addition, its department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating. Parametrica Management Ltd bought a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter valued at approximately $234,000. Holding by 3.5% in the first quarter. We have $5.01 PT which if reached, will make NYSE:JCP worth $64.80 million less. The company was upgraded on Monday, May 16 by Robert W. Baird.

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