Active Volume Stock: JC Penney Company, Inc. (NYSE:JCP)
- Author: Zachary Reyes Feb 28, 2017,
Feb 28, 2017, 10:42
Several investment firms issued their expert ratings on J. C. Penney Company, Inc. The stock has declined over 28% in the past three months. Beta value of the stock is marked at 0.72. The decline was primarily due to the impact of challenging retail landscape, stiff competition from online retailers and waning store traffic. During the holiday season the company saw robust performance from appliances, boots, outerwear, fine jewelry and Sephora. Further, weakness in apparel affected the company's overall sales. "Nevertheless, in order to augment customer shopping experience, it has been focusing on remodeling, renovating and refurbishing its stores with special focus on enhancing high-margin center core department".
Other equities analysts have also recently issued reports about the stock. Bank of America Corp upgraded J C Penney Company from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $9.53 to $12.00 in a report on Friday, December 2nd.
While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of -8.11%, where Monthly Performance is -6.92%, Quarterly performance is -33.54%, 6 Months performance is -34.28% and yearly performance percentage is -22.73%. This rating was issued on 2/13/17. Robert W. Baird reiterated an "outperform" rating and issued a $11.00 price objective on shares of J C Penney Company in a report on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company.
According to sentiments of 22 analysts the mean estimates of short term price target for the company's stock is marked at $9.91.
J. C. Penney Company, Inc.is a holding company. Credit Suisse also Downgrade the company to Underperform on 18-Jan-17, 2016. J C Penney Company Inc (NYSE:JCP)'s distance from 20 day simple moving average is -6% whereas its distance from 50 day simple moving average is -14.39% along with -25.40% distance from 200 day simple moving average.
The company's market cap is $2.05 billion. The stock dropped -8.11% beyond one week and declined -6.92% during previous one month session.
Many analysts are providing their Estimated Earnings analysis for J. C. Penney Company, Inc. and for the current quarter 21 analysts have projected that the stock could give an Average Earnings estimate of $-0.19/share. The company reported adjusted earnings per share of 64 cents, beating the Zacks Consensus Estimate of 61 cents and jumped 64.1% year over year. The company has a Return on Assets (ROA) of -2.80%. The business had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. In a similar way, Chesapeake Energy Corporation (NYSE:CHK) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $0.07. The company's shares slipped roughly 9 percent in early trading amid doubts that the store closure plan would be enough to reinvigorate sluggish sales.
In the last Quarter, J. C. Penney Company, Inc.
Now the company Insiders own 1.28% of J.C. Penney Company, Inc. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright legislation.
Penney's comparable store sales fell 0.7 percent in the fourth quarter ended January 28, steeper than the 0.5 percent drop analysts polled by research firm Consensus Metrix had expected.
Hedge funds have recently modified their holdings of the company.
The consensus mean EPS for the current quarter is at $0.61 derived from a total of 22 estimates. Numeric Investors LLC raised its stake in shares of J C Penney Company by 794.6% in the fourth quarter. The company's shares were closed at $6.46. Chartwell Investment Partners LLC now owns 7,433,289 shares of the department store operator's stock valued at $66,008,000 after buying an additional 2,429,635 shares during the period. Finally, Princeton Alpha Management LP purchased a new position in J C Penney Company during the third quarter worth approximately $102,000. The stock hit 1-yearhigh at $11.99 and a low of $6.35 in the same period. Institutional Investors own 85.38% of J.C. Penney Company, Inc.