Large investors have recently added to or reduced their stakes in the stock.
Understanding Profitability at J. C. Penney Company, Inc. For the quarter, shares are performing at -30.03%.
Same-store sales were up 1.7%, exceeding the company's previously announced guidance of 0.6% to 0.8% comparable store growth.
J.C. Penney Company, Inc.
J. C. Penney Company, Inc is a holding company. Holding in the second quarter worth $190,000. It has underperformed by 16.70% the S&P500.The move comes after 6 months positive chart setup for the $7.02 billion company. Finally, Guggenheim started coverage on shares of J.C. Penney in a report on Friday, September 30th. Image source: J.C. Penney. (NYSE: ANF) has grabbed attention from the analysts when it experienced a change of 3.92% in the last trading session to close at $12.18.More news: Lonzo Ball: No word from LiAngelo amid situation in China
The Relative Volume of the company is 1.3 and Average Volume (3 months) is 18.92 million. They may also be used to help the trader figure out proper support and resistance levels for the stock. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.45 and a quick ratio of 0.24.
J.C. Penney posted weak earnings for the third quarter. The department store operator reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.15). The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $2.84 billion. However the company reported $-0.21 earnings per share for the same quarter during previous year.
In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for J. C. Penney Company, Inc.as 2.74 Billion. The OTC listed company saw a recent bid of $0.0002 on 1821800 volume. Morgan Stanley upgraded the shares of JCP in report on Monday, February 13 to "Equal-Weight" rating. Citigroup Inc. upped their target price on J.C. Penney Company, Inc. Of the analysts who provided ratings, 11 rated the company a Hold, and 3 rated it a Strong Buy. Thus, at least one part of J.C. Penney's forecast doesn't seem especially conservative. Holding and gave the company a hold rating in a research note on Friday, August 11th. Rhumbline Advisers raised its position in J.C. Penney Company, Inc. A rating of 4 or 5 would indicate a Sell. The stock's average target of $9.75 is 272.14% above today's ($2.62) share price.
On the other hand, J.C. Penney's gross margin pressure was just as bad as expected. At the time of writing, the 14-day ADX for Multicell Techs Inc (MCET) is noted at 24.43.
Shares of retailers and other consumer-services companies rose amid relief about the prospects for department stores. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $9.33, for a total transaction of $361,593.48. Following the transaction, the chief financial officer now directly owns 72,645 shares in the company, valued at $262,974.90. The disclosure for this purchase can be found here. Insiders own 1.02% of the company's stock.