JC Penney Company, Inc. (JCP) Should Investors Listen?

Analysts await J C Penney Company Inc (NYSE:JCP) to report earnings on February, 23. As of the last earnings report the EPS was $-0.41 with 310.74M shares now outstanding. Zacks Investment Research raised shares of J.C. Penney Company, Inc.

BMO Capital Markets lowered the price target of the stock on October 30 changing the forecast from $4.00 to $2.75 and stated a "Market Perform" rating. The company had a rise in short interest of 10.30% as of the latest report on October 13, 2017.

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J.C. Penney Company Inc (NYSE:JCP) shares traded on -6.94% below secure line and closed at $2.95. The Legg Mason Asset Management Japan holds 30,600 shares with $1.60M value, up from 12,700 last quarter. Holding stock in a transaction dated Friday, August 18th. The firm now has a "neutral" rating on the department store operator's stock. Finally, BidaskClub raised shares of J.C. Penney Company, Inc. The average twelve-month price objective among brokers that have issued a report on the stock in the a year ago is $11.46.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive. The data from the past twelve months tells a similar story: insiders executed 43 buys and 13 sells, and ownership increased by a net of 1.72 million shares. The company has a market capitalization of $985.05, a PE ratio of 11.32 and a beta of 0.53. A total of 33.09 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 19.16 Million shares, while its relative volume stands at 1.73.

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When considering a stock buy, many investors seek to know what Wall Street analysts are saying about the company - by looking at the average analyst rating, for example. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and global copyright law. The company had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.77 billion.

Shares of J.C. Penney Company Inc (NYSE:JCP) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 16 while industry rank of the company by ABR is out of 265. Quantitative Investment Management LLC acquired a new stake in shares of J.C. Penney Company, Inc. During the same quarter a year ago, the business earned ($0.21) earnings per share. analysts predict that J.C. Penney Company, Inc. Insider ownership increased by a total of 343243 shares, which suggests that JCP's key executives are feeling more optimistic about the outlook for the stock. Deutsche Bank AG reiterated a "buy" rating and set a $12.00 price objective on shares of J.C. Penney in a research report on Monday, August 15th. Following the transaction, the chairman now owns 2,852,280 shares of the company's stock, valued at approximately $9,925,934.40. Teachers Retirement System Of THE State Of Kentucky owns 123,280 shares with a value of $470,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The disclosure for this purchase can be found here. The correct version of this report can be read at https://www.truebluetribune.com/2017/11/13/jefferies-group-llc-reiterates-3-00-price-target-for-j-c-penney-company-inc-holding-company-jcp.html. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after acquiring an additional 4,205 shares during the period. Tudor Investment Corp ET AL lifted its position in J.C. Penney Company, Inc. Quinn Opportunity Partners LLC raised its position in J.C. Penney Company, Inc. Holding by 3.1% in the second quarter. Holding by 13.9% in the second quarter. Ameriprise Financial Inc. now owns 1,629,688 shares of the department store operator's stock worth $7,577,000 after purchasing an additional 789,312 shares during the last quarter. Holding by 93.9% during the 2nd quarter.

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About J.C. Penney Company, Inc. The Company's department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website. Creative Planning increased its position in J.C. Penney by 7.5% in the second quarter.

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