JC Penney Company, Inc. Holding Company (NYSE:JCP) Updates Q3 Earnings Guidance

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JCP has been the topic of several recent analyst reports. Cowen and Company set a $6.00 target price on shares of J.C. Penney Company, Inc. Deutsche Bank AG reiterated a "buy" rating and set a $12.00 price objective on shares of J.C. Penney in a research report on Monday, August 15th. 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. Finally, Telsey Advisory Group lowered shares of J.C. Penney Company, Inc. Goldman Sachs initiated the shares of LW in report on Wednesday, February 8 with "Neutral" rating. The company had a rise in short interest of 10.30% as of the latest report on October 13, 2017. Tudor Investment Corp ET AL raised its position in J.C. Penney Company, Inc. The brokerage now has a hold rating on the department store operator's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $5.06. Creative Planning increased its position in J.C. Penney by 7.5% in the second quarter. Holding updated its FY18 guidance to $0.02-0.08 EPS. The stock was purchased at an average price of $3.48 per share, with a total value of $348,000.00. The company has a current ratio of 1.45, a quick ratio of 0.24 and a debt-to-equity ratio of 3.51. In the past 52 weeks the company's stock price has moved within the range of $2.35 to $10.74. The stock is now moving above its 20-Day Simple Moving Average of 1.99% with a 50-Day Simple Moving Average of -11.27 percent. Holding Company (NYSE:JCP) in a research report report published on Friday, October 27th. The department store operator reported ($0.21) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.21). Similarly, the company's last 5 years high P/E ratio is 2021.94 and low P/E is 2021.94, whereas, the industry's and sector's high P/E for the past year is 111.99 and 35.08 respectively and low P/E ratio for the last 5 years is 22.99 for the industry and 13.31 for the Sector. The value of the company's investment in J.C. Penney Company Inc decreased from $1,080,000 to $936,000 a change of $144,000 quarter to quarter. During the same quarter in the prior year, the business earned ($0.21) earnings per share. analysts predict that J.C. Penney Company, Inc.

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Let's have a look at some of the important valuation ratios of the J.C. Penney Company, Inc. Also, Chairman Marvin R. Ellison acquired 100,000 shares of the stock in a transaction on Friday, August 18th.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Following the transaction, the chairman now owns 2,852,280 shares of the company's stock, valued at approximately $9,925,934.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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In related news, Director Javier G. Teruel acquired 135,135 shares of the stock in a transaction on Tuesday, August 22nd. Insider ownership increased by a total of 343243 shares, which suggests that JCP's key executives are feeling more optimistic about the outlook for the stock. Grassi Investment Management now owns 18,400 shares of the department store operator's stock valued at $163,000 after buying an additional 6,400 shares during the period. The disclosure for this purchase can be found here. Corporate insiders own 1.02% of the company's stock.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Cambridge Investment Research Advisors Inc. lifted its position in J.C. Penney Company, Inc. Holding by 11,522.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after acquiring an additional 4,205 shares during the period. Holding by 3.1% in the second quarter. Holding by 12.8% during the 1st quarter.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive.

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