The firm has 37.15% of total shares float short, yielding a short ratio of 5.92. ValuEngine raised J.C. Penney Company, Inc. Holding Company in a report on Tuesday.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of J.C. Penney Company, Inc. FNY Managed Accounts LLC acquired a new stake in shares of J.C. Penney Company, Inc. Holding Company by 3.5% in the first quarter.
J. C. Penney Company, Inc is a holding company. Holding Company during the first quarter valued at about $332,000. BidaskClub upgraded J.C. Penney Company, Inc. Holding Company by 33.1% in the first quarter. The stock had a trading volume of 11,995,231 shares. Holding Company by 24.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,441,164 shares of the department store operator's stock valued at $8,878,000 after buying an additional 114,943 shares during the period. Holding Company has a 12 month low of $4.17 and a 12 month high of $11.30.
Over the past 50 days, J. C. Penney Company, Inc. stock's -13.09% off of the high and 19.42% removed from the low.
This announcement arrives just four months following the finalizing by the company of plans to close 138 stores, leaving it with less than 1,000 locations still open. Holding Company also was the target of unusually large options trading on Thursday. This is an increase of 107% compared to the average daily volume of 6,427 call options.
Among analysts who offered their Analysis on J. C. Penney Company, Inc. As of the latest earnings report the EPS was $-0.36 and is projected to be $0.49 for the current year with 309,996,000 shares now outstanding. Revenue for the quarter also did not kill consensus, coming in at $2.71 Billion, compared to the consensus of 2.77 Billion.
J C Penney Company Inc (NYSE:JCP) yearly performance is -41.34% and net profit margin is -0.90%.
TTI's revenue has declined at an average annualized rate of about -3.8% during the past five years. During the same period in the prior year, the company posted ($0.22) earnings per share.
A spokesperson for J.C. Penney said that the retailer knows shoppers buy toys all year long and by creating an inviting, fun toy shop, with some of the most popular brands and hottest products families will be enticed to shop and to spend more at our stores.
J.C. Penney Company, Inc.
Analysts expect The Dow Chemical Company (NYSE:DOW) to report $ 0.97 EPS and has got OUTPERFORM rating from 7 of Thomson Reuters analysts and 0 analyst (s) given UNDERPERFORM rating. If you are reading this news story on another site, it was stolen and republished in violation of U.S. and worldwide trademark and copyright law. Holding Company in a research note on Saturday, May 13th.
Several equities analysts recently issued reports on JCP shares.
J. C. Penney Company, Inc.'s ROA is -1.25%, while industry's average is 10.35%. The stock of J C Penney Company Inc (NYSE:JCP) has "Sell" rating given on Monday, May 16 by UBS. After a recent check, Groupon Inc (NASDAQ:GRPN)'s 14-day RSI is presently at 71.09. The stock has "Sell" rating by Goldman Sachs on Monday, March 28.
About J.C. Penney Company, Inc. (JCPenney), launched on January 22, 2002, is a holding company. Finally, Jefferies Group LLC reissued a "hold" rating and issued a $7.00 target price on shares of J.C. Penney Company, Inc. Jane Street Limited Liability Company holds 61,443 shares. Finally, Oppenheimer Holdings, Inc. reiterated a "hold" rating on shares of J.C. Penney Company, Inc. "Holding Company (JCP) Given a $6.00 Price Target by BMO Capital Markets Analysts" was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. JCP's current price-earnings ratio amounts the average P/E ratio of 55.03 times earnings.
About J.C. Penney Company, Inc.
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