Holding (NYSE:JCP) last announced its earnings results on Friday, August 11th. Holding's Q3 2018 earnings at ($0.46) EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $0.05 EPS and FY2019 earnings at $0.30 EPS.
JCP has been the topic of a number of other reports.
Credit Suisse Group AG initiated coverage on shares of J.C. Penney Co. The brokerage presently has a "hold" rating on the department store operator's stock. Finally, Deutsche Bank AG raised their target price on J.C. Penney Company, Inc. Three analysts have rated the stock with a sell rating, twenty have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company.
Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. To avoid making a mountain out of a molehill, let's see whether today changed the technical posture of JCP stock's death spiral. The stock was purchased at an average cost of $3.62 per share, with a total value of $181,000.00. The RSI value will always move between 0 and 100. The lowest target is $8.5 while the high is $11.0. Analysts mean recommendation for the stock is 3.10.
J.C. Penney's net loss widened to $128 million, or 41 cents per share, in the quarter, ended October 28, from $67 million, or 22 cents per share, a year earlier, partly because of heavy discounting to clear slow-moving inventory.
These analysts also forecasted Growth Estimates for the Current Quarter for JCP to be 19%.
JCPenney's net loss widened to $128 million, or 41 cents per share, in the quarter, from $67 million, or 22 cents per share, a year earlier, partly because of heavy discounting to clear slow-moving inventory. If you are viewing this piece of content on another website, it was stolen and republished in violation of worldwide copyright and trademark laws. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark law. While the company will face a somewhat easier year-over-year comparison, that would still represent a significant break from the recent trend. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock's market cap is $3.06 billion. The disclosure for this purchase can be found here. Most company stocks have very little volatility. Hedge funds and other institutional investors own 71.99% of the company's stock. Rhumbline Advisers raised its position in J.C. Penney Company, Inc.
The retailer's shares surged by more than 16 percent following its quarterly report. Tudor Investment Corp ET AL increased its position in J.C. Penney Company, Inc. Image source: J.C. Penney. Same-store sales rose 1.7%.
By contrast, it will be challenging for J.C. Penney to deliver the gross margin recovery that management is projecting for the fourth quarter. According to CFO Jeff Davis, the discrepancy was driven by strong sales during a promotional event held on the last weekend of the quarter.
Penney's stock price, was trading higher in the pre-market. BidaskClub upgraded J.C. Penney Company, Inc. In it, J.C. Penney acknowledged that getting rid of old inventory and transitioning to a new women's apparel assortment was tougher than expected.