JC Penney Company, Inc. Holding Company (NYSE:JCP) stock to follow

This represents a decrease of -3% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks. The value of the investment in (JCP) went from $1,080,000 to $936,000 a change of $144,000 for the reporting period. BidaskClub downgraded shares of J.C. Penney Company, Inc. Holding and gave the stock a "hold" rating in a research note on Friday, August 11th. Holding in a report on Wednesday, August 16th. For the most recent period which ended on N/A, J C Penney Company Inc's EPS was reported as $N/A.

Price to Sale ratio of the company stands at 0.08 while Price to Book Ratio stands at 0.85. Holding from a "sell" rating to a "hold" rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $4.00 target price on shares of J.C. Penney Company, Inc.

On October 30 analysts at B. Riley released guidance on JCP with a rating of "Hold" and price target of $4.00.

The company has mean EPS estimate of -0.15 reported by 12 number of analyst for the quarter ending Current Qtr.(Jan2018). JCP now has a profit margin of -0.90%. Holding in the 1st quarter worth approximately $260,000. The stock of Target Corporation (NYSE:TGT) earned "Hold" rating by BMO Capital Markets on Wednesday, August 26. The analysts estimated EPS for the higher end at 0.68 and lower end at 0.51 while the year ago reported earnings per share was 0.

Consequently J.C. Penney Company Inc (NYSE:JCP)'s weekly and monthly volatility is 11.16%, 7.76% respectively. During current year the company's forecasts over growth are -25% while for the next year analysts' growth estimation is 200%.

In other J.C. Penney Company, Inc.

TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & global copyright laws. The correct version of this report can be viewed at https://stocknewstimes.com/2017/11/14/j-c-penney-company-inc-holding-company-jcp-pt-raised-to-4-00.html. Also, CFO Jeffrey A. Davis acquired 50,000 shares of the business's stock in a transaction that occurred on Tuesday, August 22nd. Following the completion of the transaction, the director now owns 518,970 shares in the company, valued at approximately $1,889,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Holding and gave the company a "hold" rating in a research note on Friday, August 11th. Legg Mason Asset Management Japan acquired 17,900 shares as Target Corp (TGT)'s stock declined 14.90%. The stock touched 52-week High of $10.74 on 12/08/16 and 52-week Low of $2.35 on 11/08/17. The disclosure for this purchase can be found here.

Several institutional investors have recently bought and sold shares of JCP. Grassi Investment Management increased its position in J.C. Penney by 53.3% in the second quarter. Holding by 1.7% in the 2nd quarter. The data from the past twelve months tells a similar story: insiders executed 43 buys and 13 sells, and ownership increased by a net of 1.72 million shares. Finally, Thrivent Financial For Lutherans grew its position in J.C. Penney Company, Inc. Holding by 12.8% in the 1st quarter. GA ADV increased its position in J.C. Penney by 2.8% in the second quarter. Holding (NYSE JCP) opened at $3.17 on Monday. US Bancorp DE now owns 63,629 shares of the department store operator's stock valued at $296,000 after buying an additional 1,054 shares during the period. Quinn Opportunity Partners LLC raised its position in J.C. Penney Company, Inc. Holding by 13.9% in the 2nd quarter. The total value of its holdings decreased 18.9%. (JCPenney), launched on January 22, 2002, is a holding company. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.

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