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. Morgan Stanley upgraded the shares of JCP in report on Monday, February 13 to "Equal-Weight" rating.
Penney, similar to many other retailers, heavily discounted apparel in the third quarter to clear room for holiday merchandise. A rating of 4 or 5 would indicate a Sell. Holding and gave the stock a "hold" rating in a research report on Friday, October 27th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. J.C. Penney has a variety of initiatives in place to offset these headwinds, but they haven't been sufficient recently. (NYSE:JCP) advice adding it to buy candidate list. The company has a current ratio of 1.45, a quick ratio of 0.24 and a debt-to-equity ratio of 3.51. The company has managed to keep price to sales ratio of 0.06 against an industry average of 4.80.
Macy's reported on Thursday that its comparable sales for the third quarter had slipped 3.6 percent year over year. JCP now has a profit margin of -0.90%. The average estimate of Wall Street analysts had projected -0.05. During the same quarter previous year, the firm posted ($0.05) earnings per share.
Full-year comp sales are now seen at flat to negative 1%. They expect $-0.18 EPS, up 14.29% or $0.03 from last year's $-0.21 per share. If you are reading this report on another site, it was illegally stolen and republished in violation of USA & global copyright & trademark law. Furthermore on 10/30/17 Northcoast Research "Downgrades" the stock to Neutral at $0.More news: Taylor Swift's 'Reputation' Includes a Fiery Kanye West Feud Anthem
More news: Aly Raisman says she was sexually abused by U.S. national team doctor
More news: Taylor Swift's Cats Can't Wait for 'Reputation' to Drop Either
In other J.C. Penney Company, Inc.
Lumber Liquidators Holdings Inc (NYSE:LL) shares traded on -6.25% below secure line and closed at $28.81. Following the transaction, the chief financial officer now directly owns 72,645 shares in the company, valued at $262,974.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. The stock was purchased at an average cost of $3.64 per share, with a total value of $491,891.40. Moreover, Orca Investment Management Llc has 1.2% invested in the company for 276,464 shares. Corporate insiders own 1.02% of the company's stock. Institutional investors and hedge funds own 87.09% of the company's stock. Holding by 11,522.1% in the first quarter.
J. C. Penney Company, Inc is a holding company. TCW Group Inc. raised its stake in J.C. Penney by 10.5% in the second quarter. Finally, Bank of New York Mellon Corp grew its position in shares of J.C. Penney Company, Inc. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.
About J.C. Penney Company, Inc. In it, J.C. Penney acknowledged that getting rid of old inventory and transitioning to a new women's apparel assortment was tougher than expected.