JC Penney Stock Surges After Crushing Q3 Forecasts

  • JC Penney Stock Surges After Crushing Q3 Forecasts

JC Penney Stock Surges After Crushing Q3 Forecasts

At the moment, the average analyst rating for JCP is Hold. J.C. Penney has said it expects Q3 same-store sales growth of 0.6%-0.8%, while Consensus Metrix sees a 0.7% gain. Holding in a research note on Tuesday, July 4th. That was better than analyst estimates which had been lowered after Penney warned last month that it had to slash prices to clear out slow moving merchandise. Holding from $5.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, August 14th.

While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of 7.84%, where Monthly Performance is -20.98%, Quarterly performance is -30.03%, 6 Months performance is -39.56% and yearly performance percentage is -67.11%. Holding from a "hold" rating to a "sell" rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The biggest holder now is Mr. Marvin R. Ellison who owns 2,852,280 shares (0.92% of those outstanding), whilst Mr. Allen Questrom holds 1,856,228 (0.60% of shares outstanding) and Myron E. Ullman, III holds 1,273,424 (0.41% of shares outstanding).

The Relative Volume of the company is 1.3 and Average Volume (3 months) is 18.92 million.

Stock: Shares jumped 10% to 3.07 in premarket trading on the stock market today, after hitting a record-low 2.35 earlier this week. The company has a current ratio of 1.45, a quick ratio of 0.24 and a debt-to-equity ratio of 3.51. Holding (NYSE:JCP) last posted its earnings results on Thursday, November 9th. The department store chain's shares rose almost 15 percent after it reported a solid rise in sales at established stores and posted a smaller-than-expected loss for the third quarter. Holding had a positive return on equity of 10.55% and a negative net margin of 0.94%. The firm had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.77 billion. It had said in late October, near the end of the quarter, that the metric, which eliminates the impact of newly opened or closed stores (it has closed 139 stores this year), would rise 0.6% to 0.8%.

According to analysts J.C. Penney Company Inc (NYSE:JCP)'s minimum EPS for the current quarter is at $-0.31 and can go high up to $-0.1.

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. UBS AG downgraded shares of J.C. Penney Company, Inc. "Holding Company (JCP) a $4.00 Price Target" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & global trademark and copyright legislation. They often look for the average analyst rating. These holdings make up 72.91% of the company's outstanding shares. Holding news, Director Javier G. Teruel bought 135,135 shares of the business's stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $9.33, for a total value of $361,593.48. Following the acquisition, the director now directly owns 518,970 shares of the company's stock, valued at approximately $1,889,050.80.