Could JC Penney Company Inc (JCP) Change Direction After Today's Significant Decline?

Andrew Cummings
August 11, 2017

"However, the impact of challenging retail landscape, high debt level, stiff competition from online retailers, and waning store traffic concerns linger". Holding in a report on Thursday, August 3rd. Interestingly, shares of J.C. Penney fell more than 8% in trading today, but they regained 2.55% in after-hours.

J.C. Penney (JCP) on Friday reported a second-quarter loss that was deeper than forecasts, a day after Macy's (M), Kohl's (KSS) and Dillard's (DDS) renewed broader concerns about the department-store landscape. Holding from a "hold" rating to a "buy" rating in a research note on Tuesday, May 16th. Telsey Advisory Group maintained J C Penney Company Inc (NYSE:JCP) rating on Monday, August 15. Holding from a "hold" rating to a "buy" rating in a research report on Tuesday, May 16th. Holding Company (JCP) stands at -6.18 while the industry's and the sector's growth for next 5 years ticked at 11.74 and 3.96 respectively. Piper Jaffray Companies set a $5.00 price target on shares of J.C. Penney Company, Inc. 17, 2016, the shares were bought at an average price of $7.24, giving away a sum of $181,000. Finally, Gordon Haskett raised shares of J.C. Penney Company, Inc. The stock's market capitalization is 1.60B. The firm has a 50-day moving average of $4.98 and a 200-day moving average of $5.57. The stock touched 52-week High of $11.30 on 08/15/16 and 52-week Low of $4.17 on 05/15/17. Holding also saw unusually large options trading on Monday. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. This represents an increase of approximately 803% compared to the typical volume of 5,301 put options. As of the latest earnings report the EPS was $-0.36 and is projected to be $0.49 for the current year with 309,996,000 shares now outstanding. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%.

J.C. Penney Company Inc (NYSE:JCP)'s revenue estimates for the current quarter are $2.84 Billion according to 18 number of analysts, for the current quarter the company has high revenue estimates of $2.96 Billion in contradiction of low revenue estimates of $2.73 Billion. Holding will report full-year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.61. In the quarter that ended July 29, Nordstrom saw net sales rise 3.5% to $3.7 billion vs. $3.6 billion in the same period previous year. On average, analysts predict that J.C. Penney Company, Inc. Holding's Q4 2018 earnings at $0.56 EPS.

TRADEMARK VIOLATION WARNING: This piece was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another publication, it was stolen and republished in violation of USA & global copyright and trademark legislation. Oakbrook Investments LLC boosted its position in shares of J.C. Penney Company, Inc.

Several other analysts have also recently issued reports on the stock. FNY Managed Accounts LLC purchased a new stake in shares of J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock worth $152,179,000 after buying an additional 24,491,676 shares during the period.

02/27/2017 - J.C. Penney Company, Inc. It also reduced California Res Corp (Call) stake by 71,000 shares and now owns 429,000 shares. Orca Investment Management Llc owns 299,774 shares or 2.43% of their U.S. portfolio. Holding by 55.2% in the first quarter. Tiaa Cref Investment Management LLC now controls 3,466,708 shares valued at $16,120,000. J.C. Penney Company, Inc. Holding by 2.2% in the first quarter. Quinn Opportunity Partners Ltd Liability has 0.09% invested in J C Penney Company Inc (NYSE:JCP). Holding by 84.4% in the first quarter. Hodges Capital Management Inc. now owns 8,414,420 shares of the department store operator's stock worth $51,833,000 after buying an additional 2,094,485 shares during the period. Institutional investors own 77.17% of the company's stock. Six analysts have made estimates for J.C. Penney Company, Inc. 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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