Published: Fri, August 11, 2017
Economy | By Annette Adams

Still Listen to Stock Analysts?: JC Penney Company, Inc. (JCP)

Still Listen to Stock Analysts?: JC Penney Company, Inc. (JCP)

Holding Company (NYSE:JCP) will announce earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Teton Advsr owns 10,000 shares or 0% of their U.S. portfolio. Holding worth $1,286,000 as of its most recent filing with the SEC. The Japan-based Nippon Life has invested 0.01% in J C Penney Company Inc (NYSE:JCP). Holding by 33.6% in the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator's stock worth $122,000 after buying an additional 9,068 shares during the last quarter. Teachers Advisors LLC increased its stake in J.C. Penney Company, Inc. Holding by 11,522.1% in the first quarter. Tiaa Cref Investment Management LLC cut its stake by selling 2,286,357 shares a decrease of 39.7% from 03/31/2017 to 06/30/2017. Cordasco Financial stated it has 0% of its portfolio in J C Penney Company Inc (NYSE:JCP). Holding by 84.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after buying an additional 4,205 shares during the period. Credit Agricole S A invested 0% in J C Penney Company Inc (NYSE:JCP). Holding by 2.2% in the first quarter. The Barclays Plc holds 639,600 shares with $5.32M value, up from 275,400 last quarter. Parametrica Management Ltd purchased a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter worth $117,000. J.C. Penney Company, Inc.

The company is trading down since yesterday's close of $5.16.

Shares fell to $3.92 in premarket trading, putting them on track to open at a record low. Telsey Advisory Group raised their price target on J.C. Penney Company, Inc. Holding Company has a 52-week low of $4.17 and a 52-week high of $11.30. 16 told the investors of the company to "Hold" stock. The rating was upgraded by Jefferies on Monday, May 15 to "Hold". This is an increase of approximately 803% compared to the average volume of 5,301 put options. The stock of J C Penney Company Inc (NYSE:JCP) earned "Sell" rating by Goldman Sachs on Monday, March 28.

Shares of the department-store chain are likely to swing one way or another when the company reports second-quarter earnings this Friday, though the stock should also be sensitive to other department-store earnings reports coming out earlier in the week. Holding had a positive return on equity of 11.44% and a negative net margin of 0.89%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.78 billion. Holding Company will post $0.49 earnings per share for the current fiscal year. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. Northcoast Research also issued estimates for J.C. Penney Company, Inc. If you are accessing this story on another domain, it was stolen and reposted in violation of USA and worldwide trademark & copyright laws. The value of the investment in J.C. Penney Company, Inc. Holding in a research report on Saturday, May 13th.

Institutional owners hold 79.60% stake while Insiders ownership held at 2.10% in the company. 18,380,340 shares of the company were exchanged. The "13" Analysts gave Hold ratings in recent rating and Underweight stands at "Underweight" position. Zacks Investment Research raised shares of J.C. Penney Company, Inc.

July 12 investment analysts at Citigroup left the company rating at "Neutral" but lowered the price target to $5.00 from $7.50.

Jeremy Bowman owns shares of AAPL and J.C. Penney. Holding in a research report on Monday, May 22nd.

COPYRIGHT VIOLATION WARNING: "Deutsche Bank AG Boosts J.C. Penney Company, Inc".

The company declined -4.27% and closed its last trading session at $5.39. Holding Company (NYSE:JCP) was downgraded by Credit Suisse Group to a "sell" rating in a research note issued on Thursday. J C Penney Company Inc (NYSE:JCP) has declined 40.00% since August 10, 2016 and is downtrending.

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