Analysts await J C Penney Company Inc (NYSE:JCP) to report earnings on February, 23. J.C. Penney Company, Inc. Through these integrated channels, JCPenney offers a wide array of national, private and exclusive brands. The Company's divisions include Global, Foodservice, Retail and Other. "Further, higher debt level also raises a concern". Holding presently has a consensus rating of Hold and an average target price of $5.03. Shikiar Asset Management Inc. increased its position in J.C. Penney by 4.4% in the second quarter. Holding and gave the company a "hold" rating in a report on Monday, October 30th.
Insider Trades for J. C. Penney Company, Inc. show that the latest trade was made on 31 Aug 2017 where Raines (Julian Paul), the Director completed a transaction type "Buy" in which 5012 shares were traded at a price of $3.99. Holding in a report on Thursday, August 3rd. Susquehanna Bancshares Inc downgraded J.C. Penney Company, Inc. The stock of J C Penney Company Inc (NYSE:JCP) earned "Neutral" rating by Guggenheim on Friday, September 30. Vanguard Group Inc. grew its stake in J.C. Penney Company, Inc. Holding from a hold rating to a sell rating in a research report on Wednesday, October 11th. Finally, Citigroup Inc. downgraded shares of J.C. Penney Company, Inc. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The stock now has an average rating of Hold and an average price target of $5.03.
J.C. Penney Company, Inc. Holding Company (JCP) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 62.04 P/E and the sector P/E is 19.97. Holding has a 52 week low of $2.35 and a 52 week high of $10.74. The stock has a beta value of 0.46. Holding (NYSE:JCP) last issued its earnings results on Friday, November 10th. 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. Holding's Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.40 EPS. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion.
Shares of J.C. Penney Company Inc (NYSE:JCP) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 16 while industry rank of the company by ABR is out of 265. The firm's revenue was down 1.8% compared to the same quarter a year ago. If you are accessing this article on another site, it was stolen and reposted in violation of United States & global copyright & trademark law. Deutsche Bank AG reiterated a "buy" rating and set a $12.00 price objective on shares of J.C. Penney in a research report on Monday, August 15th. The stock was acquired at an average cost of $3.62 per share, with a total value of $90,500.00. The Legg Mason Asset Management Japan holds 30,600 shares with $1.60M value, up from 12,700 last quarter. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.
5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of the company stands at -6.18 while the industry's and the sector's growth for next 5 years ticked at 10.53 and 3.97 respectively. The disclosure for this purchase can be found here. The company holds 310.80 million outstanding shares and 304.55 million shares are floating in market.
Several institutional investors have recently bought and sold shares of JCP. As of quarter end Oppenheimerfunds, Inc. had bought 151,583 shares growing its holdings by 8.4%. Holding by 3.1% in the second quarter. 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.
In other J.C. Penney Company, Inc. Holding by 1.7% during the second quarter. After a recent check, it is observed that the insiders for the firm now own 1.90% shares. Finally, Tudor Investment Corp ET AL grew its position in J.C. Penney Company, Inc. Holding by 11.6% during the first quarter. However, the institutional investors are observed to own 72.30% of the total shares.
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