JC Penney Company, Inc. Holding Company (NYSE:JCP) Updates Q3 Earnings Guidance

14 November, 2017, 12:46 | Author: Leticia Walters

Holding from a sell rating to a buy rating and set a $5.75 target price for the company in a research report on Tuesday, July 18th. 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. The company had a rise in short interest of 10.30% as of the latest report on October 13, 2017. Holding in a report on Wednesday, August 16th. BidaskClub raised shares of J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd.

When considering a stock buy, many investors seek to know what Wall Street analysts are saying about the company - by looking at the average analyst rating, for example. As of the end of the quarter Wells Fargo & Company/mn had bought 15,094 shares growing its position 616.1%. (NYSE:JCP) have caught the attention of investors.

Beta is also an important valuation ratio for analyzing the stock of the company, JCP has Beta of 0.44 while its industry and Sector's beta remains at 0.88 and 1.27 respectively. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.44 and a quick ratio of 0.16. In the past 52 weeks the company's stock price has moved within the range of $2.35 to $10.74.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.50, compared to 0.64 reported in the same quarter previous year. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Holding had a negative net margin of 1.43% and a positive return on equity of 7.60%. The firm's revenue was down 1.8% on a year-over-year basis. Holding will post 0.06 earnings per share for the current fiscal year.

On October 30 analysts at B. Riley released guidance on JCP with a rating of "Hold" and price target of $4.00. The company presently has a consensus rating of "Hold" and a consensus target price of $5.06. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and worldwide copyright law. J C Penney Company Inc (JCP) has declined 40.00% since November 13, 2016 and is downtrending.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J C Penney Company Inc for 8.01 million shares. 54,355,398 shares of the company traded hands, compared to its average volume of 20,020,596. Creative Planning now owns 34,051 shares of the department store operator's stock valued at $302,000 after buying an additional 2,389 shares during the period. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Meanwhile, the average 12-month price target from Wall Street analysts is now $3.63, this means that the stock is underpriced by 12.672%. The disclosure for this purchase can be found here. The stock was acquired at an average cost of $3.62 per share, with a total value of $90,500.00. IL now owns 33,625 shares of the department store operator's stock worth $156,000 after acquiring an additional 1,000 shares during the period.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. BlackRock Inc. boosted its stake in shares of J.C. Penney Company, Inc. Holding by 33.6% during the 1st 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. Holding by 12.8% during the 1st quarter. Holding by 502.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,629,688 shares of the department store operator's stock worth $7,577,000 after purchasing an additional 789,312 shares during the last quarter. The stock of J C Penney Company Inc (NYSE:JCP) has "Equal-Weight" rating given on Monday, February 13 by Morgan Stanley. Holding by 93.9% during the 2nd quarter. Holding Company (JCP). These ratios are important while doing valuation of the company or the shares of the company. The Company's department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.

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