JC Penney Earnings: Close Only Counts in Horseshoes and Hand Grenades

03 March, 2018, 06:09 | Author: Gladys Mathis
  • ASSOCIATED PRESS           A Thanksgiving shopper checks the bargains at the J.C. Penney store at the Glendale Galleria in Glendale Calif. in 2017

Moving averages are a powerful tool for traders analyzing securities.

"J.C. Penney to close Wauwatosa distribution center, cut 670 jobs", Milwaukee Journal Sentinel, February 13, 2018. It has outperformed by 33.40% the S&P500. J C Penney had a negative net margin of 1.43% and a positive return on equity of 7.60%. The company reported a $75 million benefit during the fourth quarter from new US tax legislation.

J. C. Penney Company, Inc., through its subsidiary J. The company has market cap of $1.25 billion. The stock increased 2.61% or $0.11 during the last trading session, reaching $4.32. The stock exchanged hands 37.72 Million shares versus average trading capacity of 15.91 Million shares. J. C. Penney Company, Inc. (NYSE:JCP) has declined 40.00% since March 1, 2017 and is downtrending. It has underperformed by 11.51% the S&P500. 222.21 million shares or 0.72% more from 220.63 million shares in 2017Q2 were reported. 3 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Its down 19.88% from 1.16M shares previously. Lpl Ltd Llc stated it has 0% of its portfolio in J. C. Penney Company, Inc.

Digging deeping into the J.C. Penney Company Inc (JCP) 's technical indicators, we note that the Williams Percent Range or 14 day Williams %R now sits at -32.24.

Shares of J C Penney (NYSE:JCP) traded down $0.44 during trading hours on Friday, hitting $3.48. Terril Brothers Inc. owns 703,653 shares or 3.34% of their United States portfolio. The collection is available online today and will be in 500 J.C. Penney stores on March 2. (NYSE:JCP) is 69.1985. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. (NYSE:JCP). Verition Fund Management owns 55,175 shares. Jefferies Grp Inc Limited Com accumulated 311,492 shares.

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The company is expected to report earnings of $0.47 a share for the next quarter. Nationwide Fund Advsr reported 0% stake. (NYSE:JCP) for 719,401 shares. Penney also forecast comparable sales would be unchanged to up 2% at most this year. Robert W. Baird set a $4.00 price objective on J C Penney and gave the stock a "hold" rating in a report on Thursday, January 4th. The rating was downgraded by Oppenheimer to "Perform" on Tuesday, January 3. The Missouri-based Bush Odonnell Investment Advisors Inc has invested 0.65% in the stock. The company was maintained on Thursday, September 14 by Piper Jaffray.

J C Penney will transfer the Wauwatosa work to facilities in Lenexa, Kansas and Columbus, Ohio. (NYSE:JCP) has "Neutral" rating given on Monday, August 14 by Citigroup. Jefferies initiated the shares of CTMX in report on Monday, November 2 with "Buy" rating. Last quarter, those investments appeared to be paying off, as Penney's same-store sales climbed almost 2 percent ahead of the holidays, surpassing analysts' expectations. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time.

Analysts await J. C. Penney Company, Inc.

J.C. Penney Company Inc (NYSE:JCP) 52-week high price stands at $6.48 and low price stands at $2.35, its price distance from 52-week high is -39.51% while its distance from 52-week low price is 66.81%. 0 analysts call it Underweight, while 2 think it is Overweight. (NYSE:JCP). Carroll Financial Associates Inc reported 0% of its portfolio in J. C. Penney Company, Inc. The firm owned 1,687,984 shares of the department store operator's stock after selling 145,000 shares during the quarter. They expect $0.45 EPS, down 29.69% or $0.19 from last year's $0.64 per share. ALGN's profit will be $77.77M for 67.81 P/E if the $0.97 EPS becomes a reality. Last year, the company's e-commerce business accounted for 18 percent of total sales and it grew 20 percent from the prior year. It improved, as 9 investors sold ENV shares while 30 reduced holdings. 77 funds opened positions while 137 raised stakes. The North Carolina-based Comml Bank Of America Corporation De has invested 0% in Envestnet, Inc. The stock of J. C. Penney Company, Inc.

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