Short traders are feeling a little more bearish on J.C. Penney Company Inc recently if you take note of the rise in short interest.
Understanding Profitability at J. C. Penney Company, Inc. J C Penney Company Inc (JCP) has declined 40.00% since November 13, 2016 and is downtrending. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of "Hold" and a consensus price target of $5.03. Cambridge Investment Research Advisors Inc. raised its position in J.C. Penney Company, Inc. Holding (NYSE JCP) opened at $3.17 on Monday. The firm has a market cap of $985.05, a P/E ratio of 11.32 and a beta of 0.53. For the current quarter J.C. Penney Company Inc (NYSE:JCP) has high EPS estimates of $0.73 in contradiction of low EPS estimates of $0.3. (JCP) stock directed -64.02% toward a lower level throughout a year ago and swapped -5.37% toward a weak spot during past one month. J.C. Penney Company Inc (NYSE:JCP)'s price to free cash flow for trailing twelve months is 6.6. In the last earnings report the EPS was $-0.41 with 310.74M shares presently outstanding. A total number of 18 analysts provided estimations over revenues. (JCP) has an operating margin of 1.70%. For the current year the company's revenue estimates are $12.41 Billion compared to low analyst estimates of $12.1 Billion and high estimates of $12.63 Billion according to the prediction of 19 analysts.
In other J.C. Penney Company, Inc.
A few notable investment firms have updated their holdings.
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In the market the company is trading up by 2.52% since yesterday's close of 3.17 and has one of the biggest price gains of the day. Holding and gave the company a "hold" rating in a research note on Friday, August 11th. The shares were purchased at an average cost of $3.62 per share, for a total transaction of $90,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. $47's average target is -10.46% below currents $52.49 stock price.
In related news, Director Javier G. Teruel acquired 135,135 shares of the stock in a transaction on Tuesday, August 22nd. The disclosure for this purchase can be found here. GA ADV now owns 37,200 shares of the department store operator's stock valued at $330,000 after buying an additional 1,000 shares during the period. Also, Director Paul J. Brown bought 25,000 shares of J.C. Penney Company, Inc. The 1-year high was reported on Nov, 13 by Barchart.com. The original version of this news story can be accessed at https://baseballnewssource.com/markets/j-c-penney-company-inc-holding-company-jcp-posts-earnings-results-beats-expectations-by-0-10-eps/1767644.html. Prudential Financial Inc. now owns 189,502 shares of the department store operator's stock worth $1,167,000 after acquiring an additional 12,060 shares in the last quarter.
BMO Capital Markets lowered the price target on October 30 cutting the projection from $4.00 to $2.75 and stated a "Market Perform" rating.
Amalgamated Bank trimmed its position by selling 503 shares a decrease of 1.2% in the quarter. Legal & General Group Plc grew its position in J.C. Penney Company, Inc. Finally, IBM Retirement Fund increased its position in J.C. Penney by 1.5% in the second quarter. Holding by 1.7% in the 2nd quarter. Institutional investors own 71.99% of the company's stock. Holding Company (JCP) now the company's industry has 62.04 P/E and the sector P/E is 19.97. The Company's 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.