Published: Tue, November 14, 2017
Entertaiment | By Paul Elliott

JC Penney Company, Inc. (JCP) Should Investors Listen?

JC Penney Company, Inc. (JCP) Should Investors Listen?

When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Wall Street analysts are predicting that J.C. Penney Company Inc (NYSE:JCP) will report earnings per share of $0.49 in their quarterly report. The stock has "Hold" rating by Deutsche Bank on Monday, August 17. Goldman Sachs initiated the shares of LW in report on Wednesday, February 8 with "Neutral" rating. Holding from a "hold" rating to a "sell" rating in a report on Wednesday, October 11th.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J C Penney Company Inc for 8.01 million shares. Finally, US Bancorp DE increased its stake in J.C. Penney Company, Inc.

On October 30 analysts at B. Riley released a research note on JCP stating a rating of "Hold" and setting a price target of $4.00. $47's average target is -10.46% below currents $52.49 stock price. California Public Employees Retirement System grew its position in J.C. Penney Company, Inc. (NYSE:JCP) have caught the attention of investors. JCP's profit will be $158.98M for 1.59 P/E if the $0.51 EPS becomes a reality. The 1-year high was reported on Nov, 13 by Barchart.com. The department store operator reported ($0.33) EPS for the quarter, topping analysts' consensus estimates of ($0.43) by $0.10. Out of the analyst recommendations 1 rate J.C. Penney Company Inc (NYSE:JCP) stock a Buy, 1 rate the stock Outperform, 18 rate Hold, 0 rate Underperform and 1 recommend a Sell.


Wall Street analysts, on average, are forecasting the company's EPS to be 0.50, compared to 0.64 reported in the same quarter previous year. The sell-side analysts are projecting earnings per share of ${{e9}} for the next fiscal quarter. Cowen and Company set a $6.00 price target on shares of J.C. Penney Company, Inc. Lamb Weston Holdings Inc (NYSE:LW) has 0.00% since November 13, 2016 and is.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Week Herald and is owned by of Week Herald. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law. Following the completion of the transaction, the chief financial officer now owns 72,645 shares in the company, valued at $262,974.90. The stock was purchased at an average cost of $3.62 per share, for a total transaction of $181,000.00. Creative Planning now owns 34,051 shares of the department store operator's stock valued at $302,000 after buying an additional 2,389 shares during the period. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

In other news, Chairman Marvin R. Ellison acquired 100,000 shares of the company's stock in a transaction on Friday, August 18th. The shares were sold at an average price of $9.33, for a total value of $361,593.48. The stock's average target of $9.75 is 200.93% above today's ($3.24) share price. The disclosure for this purchase can be found here. Insiders have purchased 310,135 shares of company stock worth $1,111,391 over the last three months.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive. Holding by 33.6% in the first quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock valued at $141,000 after buying an additional 2,600 shares during the period. IL raised its position in J.C. Penney Company, Inc. Holding by 3.1% in the 2nd quarter. Quinn Opportunity Partners LLC raised its position in J.C. Penney Company, Inc. As of quarter end American International Group Inc had bought a total of 13,477 shares growing its stake by 5.8%. Also, Director Paul J. Brown bought 25,000 shares of J.C. Penney Company, Inc. Holding by 7.3% in the first quarter. Holding Company (JCP) now the company's industry has 62.04 P/E and the sector P/E is 19.97. Its 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.

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