The stock of J C Penney Company Inc (NYSE:JCP) is a huge mover today! About 3.87M shares traded hands. J C Penney Company Inc (NYSE:JCP) has declined 23.61% since March 8, 2016 and is downtrending. It has underperformed by 32.93% the S&P500.
The move comes after 7 months positive chart setup for the $2.67B company. It was reported on Oct, 11 by Barchart.com. We have $14.84 PT which if reached, will make NYSE:JCP worth $1.71B more.
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. On Tuesday, May 10 the stock rating was initiated by Jefferies with “Hold”. The stock has “Neutral” rating given by Citigroup on Monday, May 16. On Thursday, August 18 the stock rating was maintained by Morgan Stanley with “Underweight”. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, August 4 report. The firm has “Buy” rating given on Monday, August 31 by Deutsche Bank. Citigroup initiated J C Penney Company Inc (NYSE:JCP) on Wednesday, October 7 with “Sell” rating. Cowen & Co initiated the stock with “Market Perform” rating in Monday, February 22 report. The company was maintained on Sunday, August 16 by Deutsche Bank. On Thursday, December 10 the stock rating was upgraded by Nomura to “Neutral”. The firm has “Neutral” rating given on Tuesday, January 5 by Citigroup.
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 Q2 2016. 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.
Advisory Service Network Ltd accumulated 143 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 29,942 shares or 0% of the stock. Principal Finance Group holds 1.14M shares or 0.01% of its portfolio. Kohlberg Kravis Roberts & Com Ltd Partnership last reported 0.56% of its portfolio in the stock. Ameriprise Fin owns 820,923 shares or 0% of their US portfolio. Brandywine Glob Inv Ltd Liability Com holds 0% or 14,600 shares in its portfolio. Ww Asset Mgmt Inc accumulated 20,256 shares or 0.01% of the stock. Prudential Pcl has 575,000 shares for 0.02% of their US portfolio. Moreover, Menta Cap has 0.13% invested in J C Penney Company Inc (NYSE:JCP) for 109,800 shares. Quantbot Techs L P holds 202,931 shares or 0.19% of its portfolio. Profund Advsrs has 0.03% invested in the company for 62,734 shares. State Treasurer State Of Michigan last reported 123,340 shares in the company. Moore Mgmt Limited Partnership owns 2.00M shares or 0.69% of their US portfolio. Aqr Mgmt Ltd holds 42,660 shares or 0% of its portfolio. Thompson Davis & holds 200 shares or 0% of its portfolio.
More important recent J C Penney Company Inc (NYSE:JCP) news were published by: Nasdaq.com which released: “Bull of the Day: J.C. Penney (JCP)” on October 10, 2016, also Seekingalpha.com published article titled: “J.C. Penney: Trading Opportunity”, Investorplace.com published: “J C Penney Company Inc (JCP) Hiring 40000 for 2016 Holiday Season” on September 20, 2016. More interesting news about J C Penney Company Inc (NYSE:JCP) was released by: Fool.com and their article: “Better Buy: JC Penney vs. Amazon.com” with publication date: October 11, 2016.
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.
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