Momentum Stock: JC Penney Company Inc (JCP)


J.C. Penney Company Inc (NYSE:JCP) has grabbed attention from the analysts, when it saw a value decrease of -6.94% or -0.22 points in the last trading session to close at $2.95. The department store operator reported ($0.21) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.21). Piper Jaffray Companies set a $4.00 price objective on 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. Holding from a "hold" rating to a "sell" rating in a report on Wednesday, October 11th.

Shares of J.C. Penney Company, Inc. Holding's revenue for the quarter was down 1.8% compared to the same quarter previous year. Also, Director Javier G. Teruel acquired 135,135 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $3.48 per share, with a total value of $348,000.00. IL now owns 33,625 shares of the department store operator's stock worth $156,000 after acquiring an additional 1,000 shares during the period. Finally, BidaskClub raised shares of J.C. Penney Company, Inc.

While having a peek at profitability ratios J.C. Penney Company Inc (NYSE:JCP) has trailing twelve month gross margin at 35.2%, its trailing twelve month operating margin stands at 1.7% whereas its trailing twelve month net profit margin spots at -0.9%. Holding now has a consensus rating of "Hold" and an average price target of $5.06.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive.

The most current P/E ratio is N/A and market cap is 1.01B.

October 30 investment analysts at Susquehanna Bancshares maintained a stock rating of "Neutral" targeting a price of $8.50. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and worldwide copyright law. The firm had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.95 billion.

Among 26 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 3 Sell and 16 Hold. Zacks Investment Research downgraded shares of J.C. Penney Company, Inc. Among active positions in the latest quarter, 126 holders increased their positions by a total of 47.02 million shares, 143 holders decreased the positions by a total of 49.35 million shares, and 54 holders held their positions. 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.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J C Penney Company Inc for 8.01 million shares. Following the completion of the purchase, the director now owns 518,970 shares in the company, valued at approximately $1,889,050.80. Holding will post 0.06 EPS for the current year. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Cambridge Investment Research Advisors Inc. lifted its position in J.C. Penney Company, Inc. Holding by 11,522.1% during the 1st quarter. Shikiar Asset Management Inc. now owns 52,700 shares of the department store operator's stock valued at $468,000 after buying an additional 2,200 shares during the period. Holding by 5.6% during the 1st quarter. Corporate insiders own 1.02% of the company's stock. Holding by 3.1% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator's stock worth $190,000 after acquiring an additional 5,000 shares during the period.

J. C. Penney Company, Inc is a holding company. Finally, IBM Retirement Fund increased its position in J.C. Penney by 1.5% in the second quarter. Holding during the 2nd quarter worth about $190,000. 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.

About J.C. Penney Company, Inc. As of quarter end American International Group Inc had acquired 13,477 shares growing its holdings by 5.8%. 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.