JC Penney Company Inc Stock Surges on Surprising Q3 Earnings

Penney store in Pembroke Pines Fla. J.C. Penney Co. Inc. reports earnings Friday Nov. 10 2017

This is down roughly 2% from its revenue of $2.86 billion reported in the third quarter of 2016. Holding from $3.00 to $4.00 and gave the company a neutral rating in a research report on Friday, October 27th. Hedge funds and other institutional investors own 71.99% of the company's stock. Creative Planning raised its position in shares of J.C. Penney by 7.5% in the second quarter. In the most recent financial results released by J. C. Penney Company, Inc., for the quarter ending on 2017-07-31, the company posted EPS of -0.09. The Stock now has a Weekly Volatility of 11.28% and Monthly Volatility of 7.06%. Investors Asset Management of Georgia Inc. Adjusted earnings were $1.53 per share. Holding by 33.6% during the 1st quarter. Tudor Investment Corp ET AL increased its stake in J.C. Penney Company, Inc. Geode Capital Management LLC boosted its holdings in J.C. Penney Company, Inc. "Holding Company (NYSE:JCP) Given a $4.00 Price Target at Cowen and Company" was originally posted by StockNewsTimes and is owned by of StockNewsTimes. The company had a trading volume of 4,191,987 shares. The stock exchanged hands 24.56 Million shares versus average trading capacity of 18.92 Million shares, yielding a market cap of $919.46 Million. The company's 50 day moving average is $9.31 and its 200-day moving average is $9.20.

J.C. Penney reported some good news from its third quarter: a 1.7 percent increase in same-store sales that beat forecasts and a smaller loss than expected.

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J.C. Penney Company Inc (NYSE:JCP)'s revenue estimates for the current quarter are $2.74 Billion according to 19 number of analysts, for the current quarter the company has high revenue estimates of $2.87 Billion in contradiction of low revenue estimates of $2.61 Billion. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. The Return on Equity (ROE) value stands at -9.6%. Total net sales fell 1.8% to $2.81 billion from $2.86 billion a year ago. It ended the quarter with inventory that's 8.8 percent below a year ago. Citigroup Inc. lifted their target price on shares of J.C. Penney Company, Inc. Analyst had projected a 43 cents loss.

In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 3. 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 report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of "Hold" and an average target price of $5.06.

Mueller investigation involves member of Congress for the first time
On November 8, Flynn published an op-ed piece in The Hill that called Gulen "a shady Islamic mullah" and a "radical Islamist". The December meeting about Gulen was also reported Friday by NBC, which cited people familiar with the probe.

In other news, Director Paul J. Brown acquired 25,000 shares of the business's stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $3.64 per share, for a total transaction of $491,891.40.

J. C. Penney Company, Inc is a holding company. (JCP) has an operating margin of 1.70%. The Company's business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices.

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