Published: Sat, November 11, 2017
Global | By Shelia Dennis

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

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

Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.34 and $1.5 respectively. At the moment, the average analyst rating for JCP is Hold. Also, Director Paul J. Brown acquired 25,000 shares of 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.

In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 3. Meanwhile, the average 12-month price target from Wall Street analysts is now $3.72, this means that the stock is underpriced by 32.527%. On a GAAP basis J.C. Penney lost $0.41 per share, worse than the year-ago third-quarter loss of $0.22 per share. The institutional investor owned 310,100 shares of the department store operator's stock after selling 979,783 shares during the period.

J. C. Penney Company, Inc.is a holding company. It has a market cap of $811 Million.

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"It's not clear why Penney underestimated its own sales by that much when there was only one day left in the quarter", Fortune commented. The department store operator reported ($0.21) EPS for the quarter, hitting analysts' consensus estimates of ($0.21). Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%.

J.C. Penney Company Inc (NYSE:JCP)'s revenue estimates for the current quarter are $2.74 Billion according to 19 number of analysts, for the current quarter the company has high revenue estimates of $2.87 Billion in contradiction of low revenue estimates of $2.61 Billion. They expect $-0.18 EPS, up 14.29% or $0.03 from last year's $-0.21 per share. Revenue at stores open at least a year rose 1.7 percent.

J.C. Penney, though, had extra challenges in restoring sales after a disastrous attempt to reinvent the company under former Apple executive Ron Johnson. The stock was purchased at an average cost of $3.64 per share, with a total value of $491,891.40. First Dallas Securities Inc. owns 478,750 shares or 1.63% of their U.S. portfolio.

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Other large investors have also added to or reduced their stakes in the company. At the close of regular trading, its last week's stock price volatility was 17.79% which for the month reaches 36.3%.

Ellison said on Friday that J.C. Penney will not need to liquidate inventory again in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after buying an additional 4,205 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of J.C. Penney Company, Inc.

Same-store sales were up 1.7%, exceeding the company's previously announced guidance of 0.6% to 0.8% comparable store growth.

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J.C. Penney Company, Inc. SG Americas Securities LLC now owns 2,353,748 shares of the department store operator's stock valued at $10,945,000 after purchasing an additional 1,963,079 shares during the last quarter. Moreover, Piedmont Inv Advsr Limited Liability Co has 0.01% invested in J C Penney Company Inc (NYSE:JCP).

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