JC Penney Holding On To Strong Gain In Afternoon Trading

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

Citigroup Inc. increased their price objective on shares of J.C. Penney Company, Inc. Holding and gave the company a "hold" rating in a report on Friday, August 11th.

During the third quarter of the year, J C Penney Company Inc reported losses per share of 33 cents. Its book value per share for the most recent quarter is $3.72 while its price to book ratio for the same period is 0.74, as for as the company's cash per share for the most recent quarter is $0.94, however its price to cash per share ratio for the same period is 2.93. Shikiar Asset Management Inc. raised its position in shares of J.C. Penney by 4.4% in the second quarter. Holding in a research note on Tuesday, July 4th.

The Details: J. C. Penney Company, Inc. Holding in a research note on Thursday, September 14th. Riley Analysts Give J.C. Penney Company, Inc. Meanwhile, the average 12-month price target from Wall Street analysts is now $3.72, this means that the stock is underpriced by 32.527%.

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Understanding Profitability at J. C. Penney Company, Inc. Holding (NYSE JCP) opened at $3.18 on Monday.

Penney's stock price, was trading higher in the pre-market. 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. The Return on Equity (ROE) value stands at -9.6%.

In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for J. C. Penney Company, Inc.as 2.74 Billion.

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Looking forward, the company expects comparable store sales to be between -1.0% and 0.0%; cost of goods sold is expected to be up 100 to 120 basis points compared to 2016; selling, general and administrative expenses are projected to decrease 1.0% to 2.0% and free cash flow is forecasted to be between $200 million and $300 million. (NYSE:JCP) by 0.4% during the third quarter, Holdings Channel reports. During the same quarter in the previous year, the business earned ($0.21) EPS. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright legislation. "Holding Company (JCP) a $4.00 Price Target" was reported by TrueBlueTribune and is owned by of TrueBlueTribune.

In related news, CFO Jeffrey A. Davis purchased 50,000 shares of the firm's stock in a transaction on Tuesday, August 22nd. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Following the completion of the acquisition, the director now directly owns 68,123 shares of the company's stock, valued at $246,605.26. The disclosure for this purchase can be found here. Holding will post 0.06 earnings per share for the current year. Insiders bought a total of 310,135 shares of company stock valued at $1,111,391 over the last ninety days.

Several hedge funds and other institutional investors have recently modified their holdings of the company.

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TRADEMARK VIOLATION WARNING: "J.C. Penney Company, Inc". Quinn Opportunity Partners LLC increased its stake in J.C. Penney Company, Inc. Our growth strategies and new apparel initiatives led to sequential comp sales improvement in almost all merchandise categories in the third quarter, giving us confidence that our overall strategy and transformation is beginning to take hold. The stock was acquired at an average price of $3.64 per share, for a total transaction of $491,891.40.

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