Notable Mover: Today J C Penney Company Inc Stock Crashes

Notable Mover: Today J C Penney Company Inc Stock Crashes

The stock of J C Penney Company Inc (NYSE:JCP) is a huge mover today! About 10.51 million shares traded hands. J C Penney Company Inc (NYSE:JCP) has declined 19.18% since March 7, 2016 and is downtrending. It has underperformed by 26.77% the S&P500.
The move comes after 6 months negative chart setup for the $2.82B company. It was reported on Oct, 10 by Barchart.com. We have $8.54 PT which if reached, will make NYSE:JCP worth $169.20M less.

Analysts await J C Penney Company Inc (NYSE:JCP) to report earnings on November, 11. They expect $-0.20 earnings per share, up 57.45% or $0.27 from last year’s $-0.47 per share. After $-0.05 actual earnings per share reported by J C Penney Company Inc for the previous quarter, Wall Street now forecasts 300.00% negative EPS growth.

J C Penney Company Inc (NYSE:JCP) Ratings Coverage

Out of 21 analysts covering J.C. Penney Company (NYSE:JCP), 8 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 38% are positive. J.C. Penney Company has been the topic of 30 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, May 16 by Citigroup. Deutsche Bank maintained J C Penney Company Inc (NYSE:JCP) on Friday, March 11 with “Buy” rating. The stock of J C Penney Company Inc (NYSE:JCP) has “Buy” rating given on Monday, August 17 by B. Riley & Co. The rating was maintained by Imperial Capital with “Underperform” on Thursday, August 27. On Monday, August 31 the stock rating was upgraded by Deutsche Bank to “Buy”. Miller Tabak maintained it with “Buy” rating and $13 target price in Monday, May 23 report. On Monday, August 15 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The stock has “Underweight” rating given by Morgan Stanley on Monday, May 16. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, August 18. As per Monday, May 16, the company rating was maintained by UBS.

According to Zacks Investment Research, “JCPenney is one of America’s leading retailers, operating department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com, and the nation’s largest general merchandise catalog business. Through these integrated channels, JCPenney offers a wide array of national, private and exclusive brands.”

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.30, from 0.91 in 2016Q1. The ratio increased, as 66 funds sold all J C Penney Company Inc shares owned while 61 reduced positions. 44 funds bought stakes while 110 increased positions. They now own 266.33 million shares or 7.88% more from 246.88 million shares in 2016Q1.
Tcw Gp Inc has 1.06% invested in the company for 15.85M shares. Gam Holdings Ag has 50,000 shares for 0.01% of their US portfolio. Amer National Bank accumulated 0% or 1,000 shares. Moreover, Scotia Cap has 0% invested in J C Penney Company Inc (NYSE:JCP) for 10,000 shares. Credit Suisse Ag reported 856,355 shares or 0.01% of all its holdings. Profund holds 62,734 shares or 0.03% of its portfolio. Grassi Investment Management, a California-based fund reported 18,400 shares. Omers Administration Corporation last reported 0.01% of its portfolio in the stock. The Germany-based Deutsche Fincl Bank Ag has invested 0% in J C Penney Company Inc (NYSE:JCP). The Maryland-based Proshare Advsrs Ltd Liability Com has invested 0% in J C Penney Company Inc (NYSE:JCP). Amalgamated Fincl Bank last reported 0.02% of its portfolio in the stock. Bnp Paribas Arbitrage Sa holds 236,205 shares or 0.01% of its portfolio. The Virginia-based Thompson Davis has invested 0% in J C Penney Company Inc (NYSE:JCP). The Illinois-based Blair William & Com Il has invested 0% in J C Penney Company Inc (NYSE:JCP). Utah Retirement, a Utah-based fund reported 56,105 shares.

More recent J C Penney Company Inc (NYSE:JCP) news were published by: Fool.com which released: “JC Penney Company Inc in 5 Charts” on September 12, 2016. Also Seekingalpha.com published the news titled: “J.C. Penney: Trading Opportunity” on October 04, 2016. Investorplace.com‘s news article titled: “J C Penney Company Inc (JCP) Hiring 40000 for 2016 Holiday Season” with publication date: September 20, 2016 was also an interesting one.

JCP Company Profile

J. C. Penney Company, Inc. (JCPenney), incorporated on January 22, 2002, is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company’s business consists of selling merchandise and services to clients through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices. The Company’s department stores and Website serves the same type of customers, its Website offers virtually the same mix of merchandise as its in store assortment along with other extended categories that are not offered in store, and its department stores accept returns from sales made in stores and through its Website. The Company’s online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up. The Firm sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment