News Worms
News Worms


JC Penney is the bright spot for retail this week

JC Penney is the bright spot for retail this week

Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.34 and $1.5 respectively. Robert W. Baird set a $3.00 target price on shares of J.C. Penney Company, Inc. The brokerage presently has a "hold" rating on the department store operator's stock. Now it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%.

Data source: J.C. Penney Q3 earnings report. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Meanwhile, the average 12-month price target from Wall Street analysts is now $3.72, this means that the stock is underpriced by 32.527%.

Shares of J.C. Penney (JCP) have pulled back off their best levels of the day but continue to see significant strength in afternoon trading on Friday. Following the completion of the purchase, the director now directly owns 518,970 shares of the company's stock, valued at approximately $1,889,050.80. The company's distance from 52-week high price is -29.80% and the current price is 38.25% away from 52-week low price. Currently, the 200-day MA is sitting at 0.00, and the 50-day is 0.00.

Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume - ADTV). (NYSE:JCP) advice adding it to buy candidate list.

The news staunched, at least for a moment, an extended sell-off in company shares, which accelerated last month when J.C. Penney warned that it would be forced to liquidate poor-selling merchandise.

Penney's total net sales fell 1.8 % to $2.81 billion in the quarter, ended October 28, better than analysts' estimates of $2.77 billion.

Penney's net loss almost doubled to $128 million from $67 million a year earlier, due to the inventory clearance as well as, among other things, store closing costs. Total net sales fell 1.8% to $2.81 billion from $2.86 billion a year ago.

J. C. Penney Company, Inc.is a holding company. Insiders own 1.02% of the company's stock. Ellison acknowledged to analysts on a call Friday that J.C. Penney was behind in chasing the active and casual clothing trend, and is using analytics to understand shoppers' behavior.

A good method of evaluating a public company's profitability is by taking a look at its Earnings per Share (EPS) performance. Vertex One Asset Management Inc. raised its stake in J.C. Penney by 988.9% in the second quarter.

While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of 7.84%, where Monthly Performance is -20.98%, Quarterly performance is -30.03%, 6 Months performance is -39.56% and yearly performance percentage is -67.11%.

Excluding items, the company lost 33 cents per share, less than the 40 cent to 45 cent loss it had estimated. SG Americas Securities LLC grew its position in shares of J.C. Penney Company, Inc. Hedge funds and other institutional investors own 71.99% of the company's stock.

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