JC Penney stock higher from a better results than expected

Javier Stokes
November 12, 2017

However the six-month change in the insider ownership was recorded 5.13%, as well as three-month change in the institutional ownership was recorded -0.11%. Zacks Investment Research cut shares of J.C. Penney Company, Inc. Following the completion of the acquisition, the director now directly owns 68,123 shares of the company's stock, valued at $246,605.26. Jefferies Group LLC reissued a "hold" rating and issued a $7.00 target price on shares of J.C. Penney Company, Inc. Accern also assigned news headlines about the department store operator an impact score of 47.9551660000093 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. Investors Asset Management of Georgia Inc. IL now owns 33,625 shares of the department store operator's stock valued at $156,000 after purchasing an additional 1,000 shares in the last quarter. Holding in the second quarter worth approximately $311,000. IBM Retirement Fund now owns 31,071 shares of the department store operator's stock valued at $276,000 after buying an additional 467 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in J.C. Penney Company, Inc. The stock was bought at an average price of $3.62 per share, with a total value of $90,500.00. Quinn Opportunity Partners LLC increased its stake in J.C. Penney Company, Inc. Holding (NYSE JCP) opened at $3.18 on Monday. The company had a trading volume of 4,191,987 shares. The stock has a market capitalization of $975.73, a price-to-earnings ratio of 6.28 and a beta of 0.53. Rhumbline Advisers increased its position in shares of J.C. Penney Company, Inc. The company's 50 day moving average is $9.31 and its 200-day moving average is $9.20.

J C Penney Company Inc (NYSE:JCP) stock was flying high on Friday following the release of a surprising earnings beat for the third quarter of 2107.

The early rally by J.C. Penney came after the department store operator reported a narrower than expected third quarter loss on better than expected revenues.

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In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for J. C. Penney Company, Inc.as 2.74 Billion. The Return on Equity (ROE) value stands at -9.6%. And after closing 138 stores, total sales fell 1.8 percent to $2.81 billion, which shows how unproductive some stores had become. During the same quarter in the prior year, the firm earned ($0.45) EPS.

Penney's loss of $128 million, or 41 cents a share, compared with a loss of $67 million or 22 cents a share a year ago.

Several other research firms also recently issued reports on JCP. Citigroup Inc. boosted their target price on J.C. Penney Company, Inc. Robert W. Baird set a $13.00 target price on J.C. Penney and gave the stock a "buy" rating in a research report on Friday, November 11th. Holding in a research note on Thursday, September 14th. Holding Company (NYSE:JCP) has been assigned a $4.00 price objective by stock analysts at B. Riley in a research report issued on Monday, October 30th.

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