JC Penney Company Inc (JCP) How Do the Technical Vary?

12 November, 2017, 00:42 | Author: Darnell Patrick
  • The entrance of a J.C. Penney store

Following the transaction, the director now directly owns 518,970 shares in the company, valued at $1,889,050.80. Our growth strategies and new apparel initiatives led to sequential comp sales improvement in almost all merchandise categories in the third quarter, giving us confidence that our overall strategy and transformation is beginning to take hold. The Stock now has a Weekly Volatility of 11.28% and Monthly Volatility of 7.06%. Investors Asset Management of Georgia Inc. J.C. Penney Company, Inc. Holding will post 0.06 earnings per share for the current year. IBM Retirement Fund raised its position in shares of J.C. Penney by 1.5% in the second quarter. Finally, Quantitative Investment Management LLC bought a new stake in J.C. Penney Company, Inc. Also, Director Paul J. Brown acquired 25,000 shares of J.C. Penney Company, Inc.

J.C. Penney Company Inc (NYSE:JCP) 52-week high price stands at $10.74 and low price stands at $2.35, its price distance from 52-week high is -74.39% while its distance from 52-week low price is 17.02%. The company had a trading volume of 4,191,987 shares. Robert W. Baird set a $3.00 target price on shares of J.C. Penney Company, Inc. The company's 50 day moving average is $9.31 and its 200-day moving average is $9.20.

Shares of J.C. Penney (JCP) have pulled back off their best levels of the day but continue to see significant strength in afternoon trading on Friday.

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. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%.

Net sales fell about 2 percent to $2.81 billion but beat the average analyst estimate of $2.77 billion. During the same period in the previous year, the firm posted ($0.21) EPS.


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%.

Several hedge funds and other institutional investors have recently modified their holdings of the company.

JCP has been the topic of a number of other reports. Holding from a "sell" rating to a "buy" rating and set a $5.75 price objective on the stock in a research note on Tuesday, July 18th. Holding in a research report on Thursday, September 14th. Finally, Piper Jaffray Companies set a $3.00 price objective on shares of J.C. Penney Company, Inc.

Some buy side analysts are also providing their Analysis on J. C. Penney Company, Inc., where 1 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 18 said it's a HOLD, 0 reported it as Underperform and 1 analysts rated the stock as Sell. Holding has a consensus rating of "Hold" and an average target price of $5.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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