The stock of J C Penney Company Inc (NYSE:JCP) is a huge mover today! About 7.02M shares traded hands. J C Penney Company Inc (NYSE:JCP) has declined 1.97% since April 28, 2016 and is downtrending. It has underperformed by 7.89% the S&P500.
The move comes after 6 months positive chart setup for the $2.96B company. It was reported on Dec, 1 by Barchart.com. We have $10.28 PT which if reached, will make NYSE:JCP worth $177.60M more.
Analysts await J C Penney Company Inc (NYSE:JCP) to report earnings on February, 23. They expect $0.65 EPS, up 66.67% or $0.26 from last year’s $0.39 per share. JCP’s profit will be $198.35 million for 3.73 P/E if the $0.65 EPS becomes a reality. After $-0.21 actual EPS reported by J C Penney Company Inc for the previous quarter, Wall Street now forecasts -409.52% 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 rating was maintained by JP Morgan on Friday, May 6 with “Neutral”. The firm has “Neutral” rating given on Monday, May 16 by Citigroup. Deutsche Bank maintained the stock with “Hold” rating in Sunday, August 16 report. The rating was maintained by Goldman Sachs on Monday, March 28 with “Sell”. Jefferies initiated J C Penney Company Inc (NYSE:JCP) rating on Tuesday, May 10. Jefferies has “Hold” rating and $9 price target. Nomura upgraded the shares of JCP in a report on Thursday, December 10 to “Neutral” rating. The stock of J C Penney Company Inc (NYSE:JCP) earned “Underperform” rating by Credit Suisse on Monday, September 21. Deutsche Bank upgraded it to “Buy” rating and $12 target price in Monday, August 31 report. The stock of J C Penney Company Inc (NYSE:JCP) has “Outperform” rating given on Monday, May 16 by Robert W. Baird. The stock has “Neutral” rating given by Guggenheim on Friday, September 30.
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 decreased to 1.07 in Q2 2016. Its down 0.14, from 1.21 in 2016Q1. The ratio fall, 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.
Jfs Wealth Advsrs Ltd Llc accumulated 1,300 shares or 0% of the stock. Bessemer Grp Inc accumulated 0% or 556 shares. Fny Managed Accounts Limited Liability Co owns 13,750 shares or 0% of their US portfolio. Qs Invsts Lc accumulated 180 shares or 0% of the stock. Amer Bank & Trust last reported 1,000 shares in the company. Goldman Sachs Gru Inc Inc has 0.01% invested in the company for 1.75M shares. Blair William Il has 34,959 shares for 0% of their US portfolio. Next Finance Grp Inc holds 0.09% of its portfolio in J C Penney Company Inc (NYSE:JCP) for 30,510 shares. Cibc Asset Mgmt owns 56,901 shares or 0% of their US portfolio. Ontario Teachers Pension Plan Board holds 0% of its portfolio in J C Penney Company Inc (NYSE:JCP) for 30,965 shares. Texas Permanent School Fund accumulated 0.03% or 235,075 shares. The Massachusetts-based Congress Asset Mgmt Com Ma has invested 0.17% in J C Penney Company Inc (NYSE:JCP). Gemmer Asset Management Ltd Liability Corporation, a California-based fund reported 651 shares. Gruss last reported 12,000 shares in the company. Private Advisor Gp Ltd Liability accumulated 13,485 shares or 0% of the stock.
More notable recent J C Penney Company Inc (NYSE:JCP) news were published by: Fool.com which released: “JC Penney Company, Inc. Earnings: Sales Growth Stalls Again” on November 11, 2016, also Nasdaq.com with their article: “January 2017 Options Now Available For J.C. Penney (JCP)” published on December 01, 2016, Investorplace.com published: “3 Big Stock Charts: Shopify Inc (SHOP), J C Penney Company Inc (JCP) and SPDR …” on November 22, 2016. More interesting news about J C Penney Company Inc (NYSE:JCP) were released by: Investorplace.com and their article: “J C Penney Company Inc (JCP) Earnings Will Surprise You” published on November 10, 2016 as well as Reuters.com‘s news article titled: “BRIEF-JC Penney Company Inc reports Q3 adj shr loss of 21 cents” with publication date: November 11, 2016.
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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