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JC Penney Company Inc (JCP) A Look at Technical Overview

15 November 2017

"Further, higher debt level also raises a concern". The legal version of this article can be viewed at

The Details: J. C. Penney Company, Inc. Holding and gave the company a "hold" rating in a report on Monday, October 30th.

Short traders are feeling a little more bearish on J.C. Penney Company Inc recently if you take note of the rise in short interest. The company was upgraded on Thursday, August 17 by M Partners.

COPYRIGHT VIOLATION NOTICE: "J.C. Penney Company, Inc". Holding from $5.50 to $6.50 and gave the company a hold rating in a report on Tuesday, August 8th. Holding from a "hold" rating to a "sell" rating in a report on Monday, October 30th.

In other J.C. Penney Company, Inc.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J C Penney Company Inc for 8.01 million shares.

Among 26 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 3 Sell and 16 Hold.

Equity analyst BMO Capital Markets lowered the price target on October 30 changing the forecast from $4.00 to $2.75 and issued a "Market Perform" rating. Finally, Morgan Stanley grew its stake in J.C. Penney Company, Inc. Holding has a 12-month low of $2.35 and a 12-month high of $10.74.

While having a peek at profitability ratios J.C. Penney Company Inc (NYSE:JCP) has trailing twelve month gross margin at 35.2%, its trailing twelve month operating margin stands at 1.7% whereas its trailing twelve month net profit margin spots at -0.9%. Holding (NYSE:JCP) last posted its earnings results on Friday, November 10th. They expect $0.51 earnings per share, down 20.31% or $0.13 from last year's $0.64 per share. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.50, compared to 0.64 reported in the same quarter past year.

Shares of J.C. Penney Company Inc (NYSE:JCP) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 16 while industry rank of the company by ABR is out of 265. In contrast to the year ago quarter EPS was at -0.05.

ILLEGAL ACTIVITY WARNING: This piece was posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and worldwide copyright law. Holding from a positive rating to a neutral rating and set a $3.00 target price for the a research report on Tuesday, October 31st.

In related news, Director Paul J. Brown purchased 25,000 shares of J.C. Penney Company, Inc. Deutsche Bank AG reiterated a "buy" rating and set a $12.00 price objective on shares of J.C. Penney in a research report on Monday, August 15th. The value of the position overall is up by 14.6%. Following the purchase, the director now directly owns 518,970 shares of the company's stock, valued at $1,889,050.80. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. The shares were sold at an average price of $9.33, for a total value of $361,593.48. Following the completion of the transaction, the chairman now owns 2,852,280 shares of the company's stock, valued at approximately $9,925,934.40. The disclosure for this purchase can be found here.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $985.24M.

Here are a few substantial investment firms who have updated their positions. As of quarter end Wells Fargo & Company/mn had bought a total of 15,094 shares growing its stake by 616.1%. Holding by 5.6% during the first quarter.

JC Penney Company Inc (JCP) A Look at Technical Overview