JC Penney Comp Store Growth Higher Than Expected

Liberty Media – Series C Liberty Formula One (FWONK) Reaches $38.77 After 8.00% Up Move; JC Penney Co (JCP)'s ...

The difference between the expected and actual EPS was $-0.04/share, which represents an Earnings surprise of -80%.

JCP has been the topic of a number of other research reports.

Depending on the earnings numbers reported, J. C. Penney Company, Inc. Telsey Advisory maintained it with "Outperform" rating and $11.0 target in Monday, January 9 report.

J.C. Penney president and CEO Marvin Ellison at the J.C. Penney. Whereas 14 of them predict the stock is a hold. 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. Holding Company (NYSE:JCP) by 76.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm has a market capitalization of $975.73, a P/E ratio of 6.28 and a beta of 0.53. Analysts now have a mean recommendation of 3.00 on the name.

Penney, similar to many other retailers, heavily discounted apparel in the third quarter to clear room for holiday merchandise. The department store operator reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Net loss was $128 million, or $0.41 per share, compared with a net loss of $67 million, or $0.22 per share in the same quarter the previous year.




Looking ahead, the company expects same-store sales in the range of down 1 percent to flat and adjusted earnings per share of 2 cents to 8 cents. Now it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of global trademark and copyright law. With the PPOH below zero, traders may be alerted that the stock is in sell territory. After this purchase, 68,123 common shares of JCP are directly owned by the insider, with total stake valued at $187,338. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Investors are constantly trying to gain any little advantage when it comes to the stock market. The disclosure for this purchase can be found here. Insiders own 1.02% of the company's stock. Cambridge Investment Research Advisors Inc. raised its position in J.C. Penney Company, Inc. Finally, Quinn Opportunity Partners LLC increased its position in J.C. Penney Company, Inc.

This particular stock's 5-day moving average is 45.10, its 20-day moving average is 43.60 and its 100-day moving average is 38.08.

Can investors trust J.C. Penney's management?

There's heightened competition from rival e-commerce site JD.com, which has partnerships with Tencent Holdings Ltd. and Baidu Inc.to drive traffic. The company has since attempted to lure customers back by returning to its sales floor major appliances like dishwashers.

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