Penney Company, Inc. (NYSE:JCP) Underpriced by 12.7%

Yolanda Curtis
November 14, 2017

Holding (NYSE:JCP) last posted its quarterly earnings data on Friday, November 10th. Northcoast Research has a "Neutral" rating on the stock. Piper Jaffray Companies set a $4.00 price objective on J.C. Penney Company, Inc. Company's EPS for the past five years is valued at 14.9%, leading it to an EPS value of 0% for the next five years. Holding Company (JCP) reported earning per shares for the quarter ending Nov 10 BMO at -0.33, whereas, 21 number of analysts estimated the mean EPS at 0.61. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%. The firm had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.95 billion. Analysts are forecasting earnings of $0.49 on a per share basis this quarter. COPYRIGHT VIOLATION WARNING: This news story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & global copyright laws.

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded J.C. Penney Company, Inc. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Holding from a "sell" rating to a "hold" rating in a research note on Tuesday, October 17th. Holding in a research note on Wednesday, August 16th. Holding from a "buy" rating to a "hold" rating in a research note on Saturday, August 12th.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J C Penney Company Inc for 8.01 million shares. Holding from a hold rating to a buy rating in a research report on Tuesday, August 1st.

Among 4 analysts covering Lamb Weston (NYSE:LW), 2 have Buy rating, 0 Sell and 2 Hold. The brokerage now has a "hold" rating on the department store operator's stock. The company created a change of 0.2% and now trading at 111.63. The stock had a trading volume of 33,105,700 shares, compared to its average volume of 19,328,244. Holding has a 12-month low of $2.35 and a 12-month high of $10.74. The stock has a market cap of $985.05, a P/E ratio of 11.32 and a beta of 0.53. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.16 and a current ratio of 1.44. Holding news, Chairman Marvin R. Ellison acquired 100,000 shares of the stock in a transaction that occurred on Friday, August 18th. IBM Retirement Fund now owns 31,071 shares of the department store operator's stock valued at $276,000 after buying an additional 467 shares during the period. Following the purchase, the director now directly owns 518,970 shares of the company's stock, valued at $1,889,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. The stock is trading $3.54 its 50-day moving average by 0.59%. Amalgamated Bank now owns 41,702 shares with a value of $159,000. The disclosure for this purchase can be found here. In the last three months, insiders bought 310,135 shares of company stock valued at $1,111,391. Technology stocks, health care companies and retailers were the biggest laggards. There has been an observed change of 5.54% in the ownership of the shares in the past six months. After $-0.33 actual earnings per share reported by J C Penney Company Inc for the previous quarter, Wall Street now forecasts -254.55% EPS growth. Holding by 12.8% during the 1st quarter.

Today, the stock opened at ${} and the last bid at the time of writing stood at ${{l1}}. The Volatility 12m of J. C. Penney Company, Inc. Holding by 3.1% 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. Quinn Opportunity Partners LLC raised its stake in shares of J.C. Penney Company, Inc. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after acquiring an additional 4,205 shares during the period. Zacks Investment Research downgraded shares of J.C. Penney Company, Inc. Holding by 93.9% during the 2nd quarter. Finally, US Bancorp DE increased its holdings in shares of J.C. Penney Company, Inc. Holding by 12.8% during the 1st quarter.

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