Consumer Company Stocks Climb as JC Penney Sales Rise - Consumer Roundup

Jon Howard
November 11, 2017

It has underperformed by 16.70% the S&P500.The move comes after 6 months positive chart setup for the $7.02 billion company.

The Details: J. C. Penney Company, Inc. Morgan Stanley upgraded the shares of JCP in report on Monday, February 13 to "Equal-Weight" rating. Holding from $5.50 to $6.50 and gave the stock a "hold" rating in a research report on Tuesday, August 8th. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $5.06. According to these analysts, the Low Revenue Estimate for J. C. Penney Company, 2.61 Billion and the High Revenue Estimate is 2.87 Billion. At the close of regular trading, its last week's stock price volatility was 17.79% which for the month reaches 36.3%. Guggenheim initiated J C Penney Company Inc (NYSE:JCP) on Friday, September 30 with "Neutral" rating. It also posted a smaller-than-expected loss for the third quarter, all news that sent its shares soaring. The Company's 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.

J. C. Penney Company, maintained at an average hold rating by 21 stock analysts, and there are at least 49.94% of shares outstanding that are now legally short sold. The shares were sold at an average price of $9.33, for a total transaction of $361,593.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

As regular trading ended, EV Energy Partners, L.P. (EVEP) stock brought in a -$0.07 drop to $1.

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Other large investors have also added to or reduced their stakes in the company.

Understanding Profitability at J. C. Penney Company, Inc. The shares went down by -29.1% in value last month.

J.C. Penny stuck to its forecast of per-share profits of between 2 and 8 cents for the year, way down from an earlier outlook of between 40 cents to 65 cents.

While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of 7.84%, where Monthly Performance is -20.98%, Quarterly performance is -30.03%, 6 Months performance is -39.56% and yearly performance percentage is -67.11%. It also posted a smaller-than-expected loss for the third quarter, all news that sent its shares soaring. TCW Group Inc. raised its stake in J.C. Penney by 10.5% in the second quarter. If J.C. Penney can deliver another quarter of comp sales growth while stabilizing gross margin, investors might finally gain confidence that J.C. Penney's weak 2017 was just an anomaly. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock worth $141,000 after buying an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 87.09% of the company's stock.

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