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

A Peek Into The Markets U.S. Stock Futures Decline Ahead Of J C Penney Earnings

Holding from $3.00 to $4.00 and gave the company a "neutral" rating in a research note on Friday, October 27th. Company insiders own 1.02% of the company's stock.

It's not clear why Penney underestimated its own sales by that much when there was only one day left in the quarter. Following the transaction, the chairman now owns 2,852,280 shares of the company's stock, valued at $9,925,934.40.

Citigroup "Maintained" J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 10/31/17 to Sell with price target of $3. The brokerage now has a "hold" rating on the department store operator's stock. Investors Asset Management of Georgia Inc. Over the last ninety days, insiders acquired 310,135 shares of company stock valued at $1,111,391. IBM Retirement Fund raised its position in shares of J.C. Penney by 1.5% in the second quarter.

TRADEMARK VIOLATION WARNING: "J.C. Penney Company, Inc". LS Investment Advisors LLC now owns 19,098 shares of the department store operator's stock valued at $170,000 after buying an additional 7,731 shares in the last quarter. (NYSE:JCP) had a closing price of $2.51 yesterday. The company had a trading volume of 4,191,987 shares. Finally, BMO Capital Markets set a $4.00 price target on shares of J.C. Penney Company, Inc. IL increased its stake in J.C. Penney Company, Inc. The company's 50 day moving average is $9.31 and its 200-day moving average is $9.20.

Previously J.C. Penney Company Inc (NYSE:JCP) reported $-0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.05 by $-0.04.

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.

JCP stock also got a boost today from revenue of $2.81 billion in the third quarter of 2017. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. Despite this decline, it still came in above analysts' revenue estimate of $2.74 billion for the third quarter of the year. During the same period in the previous year, the firm posted ($0.21) EPS.

Now J.C. Penney Company Inc (NYSE:JCP)'s shares owned by insiders are 1.9%, whereas shares owned by institutional owners are 73.5%. The company posted a loss of 33 cents, beating expectations by 10 cents.

JCP stock was up 13% as of Friday morning, but is down 62% year-to-date. Argus reissued a "hold" rating on shares of J.C. Penney in a research report on Tuesday, December 6th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock now has a consensus rating of "Hold" and a consensus price target of $5.06.

In related news, CFO Jeffrey A. Davis purchased 50,000 shares of the firm's stock in a transaction on Tuesday, August 22nd.


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