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What Are Analysts Report About JC Penney Company, Inc. (JCP)

11 November, 2017, 00:54 | Author: Samuel Sharp
  • Penney store in Pembroke Pines Fla. J.C. Penney Co. Inc. reports earnings Friday Nov. 10 2017

Citigroup Inc. downgraded J.C. Penney Company, Inc. Holding from $5.50 to $6.50 and gave the stock a "hold" rating in a research report on Tuesday, August 8th. Also, Director Paul J. Brown acquired 25,000 shares of J.C. Penney Company, Inc.

Analysts have given a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

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.

Traders might be following the technicals on shares of Vaporbrands International Inc (VAPR). after a recent check, we have noticed that the PPOH level is now below zero.

On a more encouraging note, free cash flow was roughly flat on a year-over-year basis, as J.C. Penney's inventory reduction efforts offset the negative impact of posting lower earnings.

According to data from Finviz's Research, The price target set for the stock is $3.72 and this sets up an interesting set of potential movement for the stock.

Sprint Corporation (NYSE:S) market capitalization at present is $23.77B at the rate of $6.17 a share. The department store operator reported ($0.33) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.18) by ($0.15).

Three months ago, on the other hand, the average analyst rating for J. C. Penney Company, Inc. It also projected per-share profits of between 2 and 8 cents for the year, way down from an earlier outlook of between 40 cents to 65 cents.

US department stores have worked hard this year to rein in inventory and build better delivery services.


Macy's reported on Thursday that sales fell at established stores in the third quarter, marking the 12th straight quarter of declines, as it had a hard time pulling shoppers through its doors.

J.C. Penney shares, which lost about a quarter of their value when the company made the sales forecast, were last up 15 percent in morning trading.

In other news, EVP John Joseph Tighe III sold 38,756 shares of the business's stock in a transaction that occurred on Friday, November 18th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock.

Large investors have recently added to or reduced their stakes in the stock.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive. The shares went down by -29.1% in value last month.

J. C. Penney Company, Inc is a holding company.

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%. The difference between the expected and actual EPS was $-0.04/share, which represents an Earnings surprise of -80%.

That said, J.C. Penney does expect gross margin to be flat or up slightly in the fourth quarter.

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