Don't Chase the JC Penney Company Inc Stock Earnings Rally


J C Penney is scheduled to report earnings before the open on Friday Nov. 10

(JCP) will report its next earnings on Nov 10 BMO. The monthly stock performance comes in at -20.98%.

JCP has been the topic of a number of other research reports. Finally, Piper Jaffray Companies set a $3.00 price objective on shares of J.C. Penney Company, Inc. Firm's net income measured an average growth rate of 14.90%. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. Also, Director Paul J. Brown acquired 25,000 shares of J.C. Penney Company, Inc.

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Some buy side analysts are also providing their Analysis on J. C. Penney Company, Inc., where 1 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 18 said it's a HOLD, 0 reported it as Underperform and 1 analysts rated the stock as Sell. The stock's average target of $9.75 is 272.14% above today's ($2.62) share price. About 422,021 shares traded.

Depending on the earnings numbers reported, J. C. Penney Company, Inc.

After a recent look, shares have been seen -43.87% from the 200-day moving average, and -22.94% from the 50-day moving average.

Sprint Corporation (NYSE:S) market capitalization at present is $23.77B at the rate of $6.17 a share.

Analysts had been expecting the worst: Two week ago, Penney cut its annual forecast and estimated that third quarter same-store sales would inch up 0.6% to 0.8%.

Penney's total net sales fell 1.8 % to $2.81 billion in the quarter, ended October 28, better than analysts' estimates of $2.77 billion. It ended the quarter with inventory that's 8.8 percent below a year ago. Inc. are soaring today - up almost 15 percent, to $3.16 as of 11:45 a.m. ET - after the firm posted a surprising same-store sales gain of 1.7 percent in the third quarter. Shares of J.C. Penney surged after the chain store posted quarterly revenue and same-store sales growth that topped Wall Street estimates, a pleasant surprise that came after a late-October warning that its quarterly growth would be hurt by promotional activity created to shift stubborn inventory. The stock was bought at an average cost of $3.62 per share, with a total value of $90,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.02% of the company's stock. Ellison acknowledged to analysts on a call Friday that J.C. Penney was behind in chasing the active and casual clothing trend, and is using analytics to understand shoppers' behavior. Chartwell Investment Partners LLC now owns 7,433,289 shares of the department store operator's stock worth $66,008,000 after buying an additional 2,429,635 shares in the last quarter. In it, J.C. Penney acknowledged that getting rid of old inventory and transitioning to a new women's apparel assortment was tougher than expected.

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%. During the key period of last 5 years, Sprint Corporation (NYSE:S) earnings per share growth remained at -73.48%. TCW Group Inc. raised its stake in J.C. Penney by 10.5% in the second quarter.

Several institutional investors and hedge funds have recently modified their holdings of JCP.

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