Saturday, 25 November, 2017

JC Penney Company Inc. Holding Company

Hot Stock Evaluation: JC Penney Company, Inc. (NYSE: JCP) JC Penney Company Inc. Holding Company
Nellie Chapman | 14 November, 2017, 18:57

About J.C. Penney Company, Inc.

JCP has been the topic of several recent analyst reports. Telsey Advisory Group lifted their price objective on shares of J.C. Penney from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Monday, August 15th. Holding in a research report on Monday, August 14th. Holding in a research note on Monday.

On the other hand J.C. Penney Company Inc (NYSE:JCP) has Relative Strength Index (RSI 14) of 45.11 along with Average True Range (ATR 14) of 0.26. Holding and gave the company a "hold" rating in a report on Friday, August 11th. Cowen and Company set a $6.00 price target on shares of J.C. Penney Company, Inc. Holding from a "hold" rating to a "sell" rating in a report on Monday, October 30th. Shikiar Asset Management Inc. increased its position in J.C. Penney by 4.4% in the second quarter. The stock of Target Corporation (NYSE:TGT) earned "Hold" rating by Stifel Nicolaus on Wednesday, August 9. The stock of Target Corporation (NYSE:TGT) has "Buy" rating given on Monday, November 9 by Citigroup. Piper Jaffray Companies set a $4.00 price objective on shares of J.C. Penney Company, Inc. Holding by 3.1% in the 2nd quarter. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95.

BMO Capital Markets lowered the price target on October 30 cutting the projection from $4.00 to $2.75 and stated a "Market Perform" rating.

J.C. Penney (NYSE:JCP) last released its quarterly earnings data on Friday, November 11th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.43) by $0.10, Bloomberg Earnings reports.

J.C. Penney Company Inc now has a P/E ratio of N/A and market cap is 1.01B. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. The company's forward price to earnings ratio for next fiscal year is 16.48. Similarly, the company's last 5 years high P/E ratio is 2021.94 and low P/E is 2021.94, whereas, the industry's and sector's high P/E for the past year is 111.99 and 35.08 respectively and low P/E ratio for the last 5 years is 22.99 for the industry and 13.31 for the Sector. Holding will post 0.06 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation. Insider ownership increased by a total of 343243 shares, which suggests that JCP's key executives are feeling more optimistic about the outlook for the stock. The shares were acquired at an average price of $3.64 per share, with a total value of $491,891.40. Following the transaction, the director now directly owns 68,123 shares in the company, valued at $246,605.26. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

J.C. Penney Company Inc (NYSE:JCP) as of recent trade, has shown weekly upbeat performance of 16.6% which was maintained at -13.49% in 1-month period. Following the transaction, the chairman now owns 2,852,280 shares of the company's stock, valued at approximately $9,925,934.40. The disclosure for this purchase can be found here. GA ADV now owns 37,200 shares of the department store operator's stock valued at $330,000 after buying an additional 1,000 shares during the period.

Hedge funds have recently made changes to their positions in the business. Moreover, Orca Investment Management Llc has 1.2% invested in the company for 276,464 shares. Holding by 33.6% in the first quarter. Shikiar Asset Management Inc. now owns 52,700 shares of the department store operator's stock valued at $468,000 after buying an additional 2,200 shares during the period. Tudor Investment Corp ET AL raised its position in J.C. Penney Company, Inc. Holding by 12.8% during the 1st quarter. As of the end of the quarter Wells Fargo & Company/mn had bought 15,094 shares growing its position 616.1%. Holding by 3.1% during the 2nd quarter. Earnings surprises can have a huge impact on a company's stock price. Finally, Citigroup Inc. downgraded shares of J.C. Penney Company, Inc. Holding during the 2nd quarter worth about $190,000. Holding Company (JCP). These ratios are important while doing valuation of the company or the shares of the company.