JC Penney Holding On To Strong Gain In Afternoon Trading

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

The institutional investor owned 310,100 shares of the department store operator's stock after selling 979,783 shares during the period. Citigroup Inc. downgraded J.C. Penney Company, Inc.

Last month, the company said that it expected a per-share loss of between 40 and 45 cents for the quarter. Cambridge Investment Research Advisors Inc. increased its position in J.C. Penney Company, Inc. Same-store sales rose 1.7%. Finally, Quinn Opportunity Partners LLC increased its position in J.C. Penney Company, Inc. The stock was acquired at an average cost of $3.62 per share, for a total transaction of $181,000.00. The investor checklist may include studying the scope of a company's competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.00. The lowest target is $8.5 while the high is $11.0. When stocks are *very* In Play one can see a RVOL of 5 and above. The firm has a market capitalization of $975.73, a P/E ratio of 6.28 and a beta of 0.53.

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 heavy discounting to clear slow-moving inventory.

American department store chain JC Penney reported same-store sales growth that more than doubled analysts' forecasts, sending its stock price surging. During the same quarter past year, the firm posted ($0.05) earnings per share. According to these analysts, the Low Revenue Estimate for J. C. Penney Company, Inc.is 2.61 Billion and the High Revenue Estimate is 2.87 Billion. Holding's Q3 2018 earnings at ($0.46) EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $0.05 EPS and FY2019 earnings at $0.30 EPS.

JCP has been the topic of a number of other research reports. Image source: J.C. Penney. Average estimation for the current quarter has been provided by 9 analysts. Vetr upgraded shares of J.C. Penney from a buy rating to a strong-buy rating and set a $10.35 price objective on the stock in a report on Monday, October 3rd. J.C. Penney has a variety of initiatives in place to offset these headwinds, but they haven't been sufficient recently. They issued a neutral rating on the stock. Thus, at least one part of J.C. Penney's forecast doesn't seem especially conservative. The stock now has a consensus rating of Hold and a consensus target price of $11.44.

In other news, EVP John Joseph Tighe III sold 38,756 shares of the business's stock in a transaction that occurred on Friday, November 18th.

Sell-side firms are projecting that the stock will reach 3.72 within the next year. That compares with a loss of $67 million, or 22 cents per share in the year-ago quarter. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The disclosure for this purchase can be found here.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by StockNewsTimes and is the property of of StockNewsTimes.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. Pomelo Capital Llc, a New York-based fund reported 2.62 million shares.

J. C. Penney Company, Inc is a holding company.

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