JC Penney Lowered Its Goals, Then Beat Them

12 November, 2017, 02:37 | Author: Martin Tyler
  • JC Penney Lowered Its Goals, Then Beat Them

Investors Asset Management of Georgia Inc.

J. C. Penney Company, Inc is a holding company. Following the acquisition, the director now directly owns 518,970 shares of the company's stock, valued at approximately $1,889,050.80. Geode Capital Management LLC boosted its holdings in J.C. Penney Company, Inc. The stock was acquired at an average price of $3.64 per share, for a total transaction of $491,891.40. Finally, LS Investment Advisors LLC raised its position in shares of J.C. Penney by 68.0% in the second quarter. Accern also assigned news headlines about the department store operator an impact score of 47.9551660000093 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. Tudor Investment Corp ET AL increased its stake in J.C. Penney Company, Inc. At one point in the past year, the shares traded as low as $0.37 but has recovered 170.27% since then. That was better than analyst estimates which had been lowered after Penney warned last month that it had to slash prices to clear out slow moving merchandise. The company's 50 day moving average is $9.31 and its 200-day moving average is $9.20. The department store operator reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.18) by ($0.15).

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According to analysts J.C. Penney Company Inc (NYSE:JCP)'s minimum EPS for the current quarter is at $-0.31 and can go high up to $-0.1. For example, we can find out a public company's profit margin, which lets us know how much of a company's net sales revenue was retained as earnings - which we calculate by dividing net income by total sales revenue. It ended the quarter with inventory that's 8.8 percent below a year ago.

A good method of evaluating a public company's profitability is by taking a look at its Earnings per Share (EPS) performance.

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What Does Wall Street Say about Company? The stock has a consensus rating of "Hold" and an average target price of $5.06. Holding from a "hold" rating to a "sell" rating in a research report on Wednesday, October 11th. Finally, Jefferies Group reissued a "hold" rating and issued a $10.00 target price on shares of J.C. Penney in a research report on Thursday, October 20th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/11/11/b-riley-analysts-give-j-c-penney-company-inc-holding-company-jcp-a-4-00-price-target.html.

In other J.C. Penney news, EVP John Joseph Tighe III sold 38,756 shares of the stock in a transaction dated Friday, November 18th. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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The biggest institutional shareholders in J.C. Penney Company, Inc.

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