The stock of J C Penney Company Inc (NYSE:JCP) is a huge mover today! About 18.54M shares traded hands or 39.71% up from the average. J C Penney Company Inc (NYSE:JCP) has declined 16.57% since April 8, 2016 and is downtrending. It has underperformed by 22.22% the S&P500.
The move comes after 8 months positive chart setup for the $2.85 billion company. It was reported on Nov, 10 by Barchart.com. We have $12.93 PT which if reached, will make NYSE:JCP worth $1.25B more.
Analysts await J C Penney Company Inc (NYSE:JCP) to report earnings on November, 11. They expect $-0.20 earnings per share, up 57.45% or $0.27 from last year’s $-0.47 per share. After $-0.05 actual earnings per share reported by J C Penney Company Inc for the previous quarter, Wall Street now forecasts 300.00% negative EPS growth.
J C Penney Company Inc (NYSE:JCP) Ratings Coverage
Out of 21 analysts covering J.C. Penney Company (NYSE:JCP), 8 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 38% are positive. J.C. Penney Company has been the topic of 30 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of J C Penney Company Inc (NYSE:JCP) has “Neutral” rating given on Thursday, December 10 by Nomura. The firm earned “Market Perform” rating on Monday, February 22 by Cowen & Co. The firm has “Hold” rating given on Sunday, August 16 by Sterne Agee CRT. The firm has “Buy” rating given on Monday, August 31 by Deutsche Bank. UBS maintained J C Penney Company Inc (NYSE:JCP) rating on Monday, May 16. UBS has “Sell” rating and $7 price target. On Friday, January 29 the stock rating was upgraded by Credit Suisse to “Neutral”. The rating was upgraded by Northcoast to “Buy” on Monday, April 4. The rating was maintained by Deutsche Bank with “Hold” on Sunday, August 16. The firm has “Sell” rating by Goldman Sachs given on Monday, March 28. Credit Suisse maintained J C Penney Company Inc (NYSE:JCP) rating on Monday, September 21. Credit Suisse has “Underperform” rating and $7 price target.
According to Zacks Investment Research, “JCPenney is one of America’s leading retailers, operating department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com, and the nation’s largest general merchandise catalog business. Through these integrated channels, JCPenney offers a wide array of national, private and exclusive brands.”
Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.30, from 0.91 in 2016Q1. The ratio improved, as 66 funds sold all J C Penney Company Inc shares owned while 61 reduced positions. 44 funds bought stakes while 110 increased positions. They now own 266.33 million shares or 7.88% more from 246.88 million shares in 2016Q1.
Tci Wealth last reported 400 shares in the company. Great West Life Assurance Can holds 0% or 102,227 shares in its portfolio. Comerica Retail Bank has invested 0.02% of its portfolio in J C Penney Company Inc (NYSE:JCP). Gam Ag, a Switzerland-based fund reported 50,000 shares. Omers Administration Corporation has 76,300 shares for 0.01% of their US portfolio. Wedge Capital Mngmt L Ltd Partnership Nc has 0.01% invested in the company for 83,600 shares. Walleye Trading Ltd, a Minnesota-based fund reported 274,924 shares. Ims Cap Mngmt owns 41,761 shares or 0.43% of their US portfolio. Vertex One Asset has 3.52% invested in the company for 2.45M shares. Parametrica Ltd accumulated 0.15% or 11,493 shares. First Interstate Fincl Bank owns 2,000 shares or 0% of their US portfolio. Shelton Mngmt owns 31,426 shares or 0.02% of their US portfolio. Aqr Llc holds 42,660 shares or 0% of its portfolio. Citigroup Incorporated, a New York-based fund reported 668,939 shares. Royal National Bank & Trust Of Canada accumulated 0.01% or 2.01M shares.
More recent J C Penney Company Inc (NYSE:JCP) news were published by: Investorplace.com which released: “J C Penney Company Inc (JCP) Earnings Will Surprise You” on November 10, 2016. Also Schaeffersresearch.com published the news titled: “Most Active Options: 3D Systems Corporation and J C Penney Company Inc” on November 03, 2016. Seekingalpha.com‘s news article titled: “J.C. Penney, Outperforming Expectations” with publication date: November 04, 2016 was also an interesting one.
JCP Company Profile
J. C. Penney Company, Inc. (JCPenney), incorporated on January 22, 2002, is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company’s business consists of selling merchandise and services to clients through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices. The Company’s department stores and Website serves the same type of customers, its Website offers virtually the same mix of merchandise as its in store assortment along with other extended categories that are not offered in store, and its department stores accept returns from sales made in stores and through its Website. The Company’s online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up. The Firm sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings.
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