Earnings Analysis Of JC Penney Company, Inc. (JCP)

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Business Insider

For the current year the company's revenue estimates are $12.19 Billion compared to low analyst estimates of $11.72 Billion and high estimates of $12.5 Billion according to 20 number of analysts. About shares traded. J C Penney Company Inc (JCP) has declined 40.00% since June 19, 2016 and is downtrending. Holding Company and gave the stock a "hold" rating in a research note on Saturday, February 25th.

In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 2.8. Holding Company in a research report on Wednesday, February 22nd. State of Wisconsin Investment Board's holdings in J.C. Penney Company, Inc. Horrell Capital Management Inc. raised its stake in shares of J.C. Penney Company, Inc. Holding Company from a "sell" rating to a "hold" rating in a report on Wednesday, February 22nd. Telsey Advisory Group boosted their price target on J.C. Penney Company, Inc. The company's stock has a normal trading capacity of 19.46M shares while the relative volume is 0.85. Deutsche Bank upgraded the shares of JCP in report on Monday, August 31 to "Buy" rating.

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The counter witnessed a trading volume of 0.14 million shares versus an average volume of 1.12 million shares during last trading session. Over the short term, some market observers may have noticed that J. C. Penney Company, Inc. has a 36.39% short float with 15 days to cover. This change led market cap to move at $1.55B, putting the price -55.58% below the 52-week high and 20.38% above the 52-week low. Holding Company also saw some unusual options trading activity on Friday. Traders bought 24,621 call options on the company. This represents an increase of 217% compared to the typical volume of 7,758 call options. Holding Company (NYSE:JCP) last released its quarterly earnings data on Friday, May 12th. The department store operator reported $0.06 EPS for the quarter, beating the Zacks' consensus estimate of ($0.21) by $0.27.

18 analysts on average are expecting the company to report revenue of $2.83 Billion for the current quarter. Sunbelt Securities holds 0% of its portfolio in J C Penney Company Inc (NYSE:JCP) for 1,210 shares. JCP generated revenue of $3.03 Billion in the same quarter, one year ago. During the same period in the prior year, the company earned ($0.22) EPS. On average, equities analysts forecast that J.C. Penney Company, Inc. Holding Company will post $0.47 EPS for the current fiscal year. Quantbot Technologies LP owned about 0.14% of J.C. Penney Company, Inc. Blackrock Advisors Limited Liability Company owns 180,283 shares. If you are viewing this piece on another site, it was illegally copied and reposted in violation of US & global copyright and trademark laws. The original version of this news story can be accessed at https://baseballnewssource.com/markets/quantbot-technologies-lp-takes-position-in-j-c-penney-company-inc-jcp-updated-updated-updated/801497.html.

Several other hedge funds have also modified their holdings of JCP.

Now J.C. Penney Company Inc (NYSE:JCP)'s shares owned by insiders are 2.1%, whereas shares owned by institutional owners are 80%. Holding Company worth $2,378,000 as of its most recent filing with the SEC. Holding Company by 33.6% in the first quarter. LMR Partners LLP now owns 82,172 shares of the department store operator's stock worth $506,000 after buying an additional 42,980 shares during the period. Horrell Capital Management Inc. now owns 27,360 shares of the department store operator's stock valued at $169,000 after buying an additional 100 shares during the last quarter. Parametrica Management Ltd purchased a new stake in J.C. Penney Company, Inc. Finally, FNY Managed Accounts LLC purchased a new stake in J.C. Penney Company, Inc. Its 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.

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