JC Penney Company, Inc. Holding Company (NASDAQ:JCP) To Report Earnings
03 Марта 2018, 06:12 | Gordon Grant
ASSOCIATED PRESS A Thanksgiving shopper checks the bargains at the J.C. Penney store at the Glendale Galleria in Glendale Calif. in 2017
Summit Creek Advisors Llc who had been investing in Envestnet Inc. for a number of months, seems to be less bullish one the $2.44 billion market cap company. Since 2011, Penney had reported consecutive losses, except for 2016, when it earned $1.0 million. Company fiscal year is ending in January and analysts' consensus recommendation is Hold for JCP and estimated EPS for next quarter is -0.61. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. ClearBridge Energy MLP Fund Inc. Envestnet, Inc. (NYSE:ENV) has risen 12.71% since March 1, 2017 and is uptrending. It has underperformed by 11.51% the S&P500. Insiders ownership held at 1.10%. (NYSE:ENV). Northern Trust Corporation holds 612,675 shares or 0.01% of its portfolio.
The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -1.13%, and has a solid year to date (YTD) performance of 24.05% which means that the stock is constantly adding to its value from the previous fiscal year end price. Carroll Associate Inc holds 0% or 25 shares in its portfolio.
For the fourth quarter ended February 3, J.C. Penney posted net income of $254 million, or 81 cents per diluted share, versus $192 million, or 61 cents per diluted share, in the year-before period. Therefore 10% are positive. As a result, J C Penney made a decision to reduce its supply chain network, which it feels "is oversized relative to its national store footprint", according to spokesman Carter English. The rating was maintained by Deutsche Bank on Tuesday, August 8 with "Hold". Susquehanna Bancshares downgraded shares of J C Penney from a "positive" rating to a "neutral" rating and set a $3.00 price target on the stock.in a research report on Tuesday, October 31st. Per-share earnings adjusted for one-time gains and costs were 57 cents, which is 12 cents better than Wall Street had expected, according to Zacks Investment Research.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. (NYSE:JCP). Melvin Ltd Partnership holds 5.40 million shares. Jefferies has "Hold" rating and $7 target.
Penney earlier reported that during November and December that same-store sales were up 3.4 percent. Its up 0.40, from 0.79 in 2017Q2.
Shares of J C Penney (NYSE JCP) opened at $4.21 on Wednesday. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Whitebox Advsrs Lc stated it has 154,288 shares or 0.02% of all its holdings. (JCP) has an Analysts' Mean Recommendation of 3, according to data compiled by Finviz. State Of Tennessee Treasury Department owns 372,055 shares. The rating was maintained by Telsey Advisory Group on Monday, May 15 with "Outperform". Its down 19.88% from 1.16M shares previously. 29,773 were reported by Proshare Lc. (NYSE:JCP). Lpl accumulated 75,849 shares. (NYSE:JCP). Verition Fund Management owns 55,175 shares.
J.C. Penney's stock was down about 12 percent Friday morning on the news. Investors Asset Of Georgia Ga Adv holds 51,185 shares. Jpmorgan Chase holds 0% or 225,148 shares. J.C. Penney Company had 83 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has relative volume of 2.42. 0 analysts call it Underweight, while 2 think it is Overweight.
Shares of J C Penney (NYSE JCP) opened at $3.92 on Friday.
What to Expect From J.C. Penney Company, Inc.
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. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range.
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