Thursday, 23 November, 2017

JC Penney Company Inc. Holding Company

Preston Stone | 14 November, 2017, 18:34

On October 30 analysts at B. Riley released guidance on JCP with a rating of "Hold" and price target of $4.00. The brokerage now has a "hold" rating on the department store operator's stock. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. Grassi Investment Management increased its position in J.C. Penney by 53.3% in the second quarter. Goldman Sachs initiated the shares of LW in report on Wednesday, February 8 with "Neutral" rating. BMO Capital Markets set a $3.00 target price on shares of J.C. Penney Company, Inc. Holding in a research report on Monday, August 14th. Holding from a "sell" rating to a "hold" rating in a research note on Saturday, August 26th.

Among 26 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 3 Sell and 16 Hold. Holding in a research report on Thursday, August 3rd. The average twelve-month price objective among brokers that have issued a report on the stock in the past year is $11.46. Finally, BidaskClub raised shares of J.C. Penney Company, Inc.

In the market the company is trading up by 2.52% since yesterday's close of 3.17 and has one of the biggest price gains of the day. (JCP) now has 310740 shares outstanding, which means that its market capitalization is $985.24M. The company has a debt-to-equity ratio of 3.51, a quick ratio of 0.24 and a current ratio of 1.45. Holding from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $7.00 to $5.00 in a report on Friday, August 11th. Holding (NYSE:JCP) last announced its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.43) by $0.10, Bloomberg Earnings reports. The firm's revenue was down 1.8% on a year-over-year basis. Among active positions in the latest quarter, 126 holders increased their positions by a total of 47.02 million shares, 143 holders decreased the positions by a total of 49.35 million shares, and 54 holders held their positions. Holding will post 0.06 EPS for the current year. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and global copyright law.

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This particular stock's 5-day moving average is 2.67, its 20-day moving average is 3.10 and its 100-day moving average is 4.08. This works out to a net decrease in ownership of 2.33 million shares, and suggests that institutions are feeling bearish about the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Meanwhile, the average 12-month price target from Wall Street analysts is now $3.63, this means that the stock is underpriced by 12.672%. Amalgamated Bank now owns 41,702 shares with a value of $159,000. The disclosure for this purchase can be found here.

In related news, Director Javier G. Teruel acquired 135,135 shares of the stock in a transaction on Tuesday, August 22nd. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock. GA ADV increased its position in J.C. Penney by 2.8% in the second quarter. Holding by 33.6% in the first quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock worth $152,179,000 after purchasing an additional 24,491,676 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in J.C. Penney Company, Inc. Holding by 5.6% during the 1st quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock worth $141,000 after acquiring an additional 2,600 shares during the period. Holding by 502.5% during the 2nd quarter. The firm now has a "neutral" rating on the department store operator's stock. Holding by 13.9% in the second quarter. Finally, Pinebridge Investments L.P. bought a new stake in J.C. Penney Company, Inc. Holding during the 2nd quarter worth about $190,000.

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