JC Penney's same-store sales come in above its estimates

JC Penney's same-store sales come in above its estimates

JC Penney's same-store sales come in above its estimates

Several other research firms also recently issued reports on JCP. Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. Holding and gave the company a "hold" rating in a report on Friday, August 11th.

Penney's loss of $128 million, or 41 cents a share, compared with a loss of $67 million or 22 cents a share a year ago. Of the analysts who provided ratings, 11 rated the company a Hold, and 3 rated it a Strong Buy. According to these analysts, the Low Revenue Estimate for J. C. Penney Company, Inc.is 2.61 Billion and the High Revenue Estimate is 2.87 Billion.

Bank of New York Mellon Corp lowered its position in shares of J.C. Penney Co. Finally, Jefferies Group reissued a "hold" rating and issued a $10.00 target price on shares of J.C. Penney in a research report on Thursday, October 20th.

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In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 3.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

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The Relative Volume of the company is 1.3 and Average Volume (3 months) is 18.92 million. The stock has a market capitalization of $975.73, a price-to-earnings ratio of 6.28 and a beta of 0.53. Holding (NYSE:JCP) last posted its quarterly earnings data on Friday, November 10th.

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 the heavy discounting. Holding had a positive return on equity of 10.55% and a negative net margin of 0.94%. Revenue was $2.81 billion.

Excluding items, the company lost 33 cents per share, less than the 40 cent to 45 cent loss it had estimated. The firm's revenue was down 1.8% compared to the same quarter past year. analysts predict that J.C. Penney Company, Inc. Holding will post 0.06 EPS for the current year. If you are reading this report on another site, it was illegally stolen and republished in violation of USA & global copyright & trademark law. "Holding Company (JCP) a $4.00 Price Target" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. Also, Director Javier G. Teruel acquired 135,135 shares of the business's stock in a transaction on Tuesday, August 22nd. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Holding stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $9.33, for a total value of $361,593.48. Following the completion of the acquisition, the director now directly owns 518,970 shares in the company, valued at $1,889,050.80. The disclosure for this purchase can be found here. GA ADV now owns 37,200 shares of the department store operator's stock valued at $330,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 71.99% of the company's stock. Riley Analysts Give J.C. Penney Company, Inc. IBM Retirement Fund raised its position in shares of J.C. Penney by 1.5% in the second quarter. Bank of New York Mellon Corp's holdings in J.C. Penney were worth $31,781,000 at the end of the most recent reporting period.

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