JC Penney Share Jump on Strong Sales

JC Penney Share Jump on Strong Sales

While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of 7.84%, where Monthly Performance is -20.98%, Quarterly performance is -30.03%, 6 Months performance is -39.56% and yearly performance percentage is -67.11%. Holding and gave the stock a "hold" rating in a report on Friday, August 11th. Past 5 years growth of J.C. Penney Company Inc (NYSE:JCP) observed at 9.37%, looking forward for the next 5 years it has a strong prediction of -28% over growth. Finally, Piper Jaffray Companies set a $3.00 price objective on shares of J.C. Penney Company, Inc. The firm has "Market Perform" rating given on Monday, October 30 by BMO Capital Markets. That was better than analyst estimates which had been lowered after Penney warned last month that it had to slash prices to clear out slow moving merchandise. Argus reissued a "hold" rating on shares of J.C. Penney in a research report on Tuesday, December 6th. Holding from a sell rating to a buy rating and set a $5.75 price target on the stock in a research report on Tuesday, July 18th.

On the other hand the company has Relative Strength Index (RSI 14) of 38.09 along with Average True Range (ATR 14) of 0.22, Consequently J.C. Penney Company Inc (NYSE:JCP)'s weekly and monthly volatility is 11.28%, 7.06% respectively. JCP now has a profit margin of -0.90%. Holding has a 12-month low of $2.35 and a 12-month high of $10.74. Holding (NYSE:JCP) last posted its earnings results on Thursday, November 9th. The department store chain's shares rose almost 15 percent after it reported a solid rise in sales at established stores and posted a smaller-than-expected loss for the third quarter. J.C. Penney had a negative return on equity of 4.66% and a negative net margin of 2.56%. And after closing 138 stores, total sales fell 1.8 percent to $2.81 billion, which shows how unproductive some stores had become. The business's revenue was down 1.8% on a year-over-year basis. sell-side analysts anticipate that J.C. Penney Company, Inc. Holding's revenue was down 1.8% compared to the same quarter previous year. equities research analysts expect that J.C. Penney Company, Inc. Bank of New York Mellon Corp's holdings in J.C. Penney were worth $31,781,000 at the end of the most recent reporting period. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/10/j-c-penney-company-inc-holding-company-jcp-pt-set-at-4-00-by-b-riley.html. If you are reading this report on another site, it was illegally stolen and republished in violation of USA & global copyright & trademark law. They often look for the average analyst rating.

Shares of J.C. Penney Company, Inc. Following the acquisition, the director now directly owns 518,970 shares of the company's stock, valued at approximately $1,889,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The stock was bought at an average price of $3.62 per share, with a total value of $90,500.00. Following the transaction, the chairman now owns 2,852,280 shares of the company's stock, valued at $9,925,934.40. The disclosure for this purchase can be found here.

League denies report Roger Goodell 'furious' at Jerry Jones, other NFL owners
Ezekiel Elliot has another hearing today at to consider his appeal for suspension and whether or not he will play this Sunday. Lockhart said "certainly neither the compensation committee or the league has been made aware of a lawsuit being filed".

Institutional investors have recently added to or reduced their stakes in the stock.

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