JC Penney (JCP) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

ASSOCIATED PRESS           A Thanksgiving shopper checks the bargains at the J.C. Penney store at the Glendale Galleria in Glendale Calif. in 2017

222.21 million shares or 0.72% more from 220.63 million shares in 2017Q2 were reported. Jefferies initiated the shares of CTMX in report on Monday, November 2 with "Buy" rating.

While Penney at least reported growth over the holidays, the results suggest lost market share, given that the overall industry outpaced it with 4% growth, as did rivals such as Kohl's (kss) and Target (tgt). Looking at the stock's movement on the chart, J. C. Penney Company, Inc. recorded a 52-week high of $6.53. (NYSE:JCP). Employees Retirement Systems Of Ohio holds 0% or 68,365 shares in its portfolio. 957,600 were reported by Gamco Et Al. Rhumbline Advisers, Massachusetts-based fund reported 49,961 shares. New York-based Davidson Kempner Capital L P has invested 0.06% in J. C. Penney Company, Inc. Proshare Advsrs stated it has 0% in J. C. Penney Company, Inc. (NYSE:JCP) is -0.018551. This number is calculated by dividing net income after tax by the company's total assets. (NYSE:JCP). Lpl accumulated 75,849 shares. Driehaus Cap Mngmt Limited Company has invested 0.11% in Envestnet, Inc. (NYSE:JCP) has "Underweight" rating given on Monday, May 16 by Morgan Stanley. First Mercantile Tru owns 0.1% invested in Envestnet, Inc.

"As the Company continues to make progress on its strategic framework and implement new processes and organizational efficiencies, it is imperative that we maintain a thoughtful approach to managing expenses, while effectively supporting the needs of the business", added Ellison. The Piotroski F-Score of J. C. Penney Company, Inc. Same-store sales increased 2.6% for the period. JCP's profit would be $140.20M giving it 2.41 P/E if the $0.45 EPS is correct. (JCP) shares were closed at $3.92 a share in the latest session and the stock value loss nearly -9.47% since the beginning of this year. The Volatility 12m of J. C. Penney Company, Inc. (NYSE:JCP) has declined 40.00% since March 1, 2017 and is downtrending. It has underperformed by 56.70% the S&P500.The move comes after 5 months negative chart setup for the $1.25 billion company. Robert W. Baird set a $4.00 target price on shares of J C Penney and gave the stock a "hold" rating in a research report on Thursday, January 4th. Therefore 10% are positive.

In recent action, J. C. Penney Company, Inc. EPS growth percentage represents the annualized rate of net-income-per-share growth over the trailing one-year period for the stocks held by a stock. The Volatility 3m of J. C. Penney Company, Inc. Northcoast downgraded J. C. Penney Company, Inc. That was below the 2.9% analysts expected.

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The stock's current distance from 20-Day Simple Moving Average (SMA20) is 12.78% where SMA50 and SMA200 are 15.88% and 4.54% respectively. The company operates in the Consumer Cyclical sector with a market capitalization of 1.22 Million. (JCP) has been given an average price target of $3.95 from analysts, according to data collected by Finviz. The stock has "Hold" rating by Susquehanna on Tuesday, January 23. The company was maintained on Monday, March 28 by Goldman Sachs. (NYSE:JCP) on Friday, October 27 to "Neutral" rating. Penney previous year shuttered 138 stores and recently announced it was closing a distribution center.

J. C. Penney Company, Inc. the wholly-owned operating subsidiary of the Company is one of largest department store, drugstore, catalog, and e-commerce retailers. (NYSE:JCP) news were published by: Investorplace.com which released: "JC Penney Company Inc Isn't Ready For Investment Just Yet" on February 08, 2018, also Bizjournals.com with their article: "JC Penney to close eight stores and massive distribution center" published on February 13, 2018, 247Wallst.com published: "JC Penney Reported to Replace Full-Time Workers With Part-Timers" on February 28, 2018.

Penney has identified about 300 malls where other department stores may close, but only about 50 of those properties don't have the capital commitment to redevelop the property left vacant by an anchor's departure, he said.

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