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. According to these analysts, the Low Revenue Estimate for J. C. Penney Company, Inc.is 2.61 Billion and the High Revenue Estimate is 2.87 Billion. They are projecting Next Quarter growth of -4.7%.
Ellison said on Friday that J.C. Penney will not need to liquidate inventory again in the fourth quarter. Holding in a research report on Thursday, September 14th. 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.
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. The firm has a market cap of $860.75, a price-to-earnings ratio of 6.93 and a beta of 0.53. The company has a current ratio of 1.45, a quick ratio of 0.24 and a debt-to-equity ratio of 3.51.
J.C. Penney's net loss widened to $128 million, or 41 cents per share, in the quarter ended October 28, from $67 million, or 22 cents per share, a year earlier, partly because of the heavy discounting. 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. J.C. Penney's quarterly revenue was down 1.4% on a year-over-year basis.
Net loss widened to $128 million, or 41 cents per share, in the quarter ended October 28, from $67 million, or 22 cents per share, a year earlier.
Several research analysts have recently issued reports on the company. The original version of this article can be viewed at https://stocknewstimes.com/2017/11/11/j-c-penney-company-inc-holding-company-jcp-given-a-4-00-price-target-at-cowen-and-company.html. 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. However, it was a boon for JCP stock by beating out Wall Street's losses per share estimate of 43 cents for the quarter. Holding news, Director Javier G. Teruel bought 135,135 shares of the business's stock in a transaction that occurred on Tuesday, August 22nd. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Following the completion of the purchase, the chief financial officer now owns 72,645 shares in the company, valued at approximately $262,974.90. The disclosure for this purchase can be found here. Piedmont Investment Advisors LLC purchased a new position in shares of J.C. Penney Company, Inc. Insiders acquired 310,135 shares of company stock valued at $1,111,391 in the last ninety days. Rhumbline Advisers raised its position in J.C. Penney Company, Inc. 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 purchasing an additional 2,600 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of J.C. Penney Company, Inc. Holding in the second quarter worth about $5,140,000. Adjusted earnings were $1.53 per share.
Shares of J.C. Penney Co. Holding by 10.6% in the second quarter. Finally, BidaskClub upgraded shares of J.C. Penney Company, Inc. However the six-month change in the insider ownership was recorded 5.13%, as well as three-month change in the institutional ownership was recorded -0.11%. Geode Capital Management LLC boosted its holdings in J.C. Penney Company, Inc.
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