J.C. Penney delays store closures, liquidation sales

J C Penney Company (JCP) Given Daily News Impact Score of -0.13

J C Penney Company Inc (JCP) Receives $8.60 Consensus Target Price from Analysts

Holding Company has a 52-week low of 5.45 and a 52-week high of 11.30. Advisors Asset Management Inc. increased its stake in shares of J.C. Penney Company, Inc. Institutional investors and hedge funds own 85.30% of the company's stock.

Another critical number in evaluating a stock is P/E or the price to earnings ratio. Analysts have a mean recommendation of 3.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Robert W. Baird reissued an "outperform" rating and issued a $11.00 price target on shares of J C Penney Company in a report on Wednesday, February 22nd.

The recent traded volume of 20.07 million shares higher than its average volume of 19.15 million shares. Teachers Advisors LLC now owns 9,967,442 shares of the department store operator's stock valued at $82,829,000 after buying an additional 1,570,446 shares in the last quarter.

J C Penney Company Inc (NYSE:JCP) opened at 5.91 on Monday. The stock's market capitalization is 1.82B.

During the last 52-week trading period, the peak price level of 52-week was $5.16; it means it is top price of 52-week and down price level of 52-week was $2.54; it means minimum price of the 52-week at which share is traded. BlackRock Fund Advisors raised its position in J C Penney Company by 4.8% in the third quarter.

Tudor Investment Corp Et Al cut its position in shares of J C Penney Company Inc (NYSE:JCP) by 56.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. Sheaff Brock Investment Advisors LLC increased its stake in shares of J.C. Penney Company, Inc.

J. C. Penney Company, Inc. Gofen & Glossberg LLC IL bought a new stake in shares of J.C. Penney Company, Inc. The stock's 50 day moving average is $7.47 and its 200 day moving average is $8.96. The average analysts gave this company a mean recommendation of 2.50. The department store operator reported $0.64 EPS for the quarter, beating the Zacks' consensus estimate of $0.61 by $0.03. The business had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. BlackRock Investment Management LLC boosted its stake in J C Penney Company by 0.9% in the third quarter. Its sales stood at 22.80% a year on average in the period of last five years. The company's revenue was down.9% compared to the same quarter a year ago.

TRADEMARK VIOLATION WARNING: "J C Penney Company Inc (JCP) Short Interest Up 6.1% in March" was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. Cowen and Company reissued a "hold" rating and issued a $10.00 price target on shares of J C Penney Company in a report on Friday, January 13th.

During the most recent trading day, the stock's price shifted up +8.44% from its 52-week low and -47.70% lower from its 52-week high. If you are reading this report on another publication, it was copied illegally and republished in violation of USA and worldwide trademark and copyright law. The company has price to cash ratio of 2.06.

J.C. Penney, Sears and Macy's are among the traditional department-store chains that are struggling to competing with Amazon and other online retail operations.

Argus reiterated a hold rating on shares of J.C. Penney Company, Inc. The Company's business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com.

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