JC Penney is bright spot for retail this week

JCPenney

Citigroup Inc. downgraded J.C. Penney Company, Inc. At the moment, the average analyst rating for JCP is Hold. Telsey Advisory maintained it with "Outperform" rating and $11.0 target in Monday, January 9 report. Also, Director Paul J. Brown acquired 25,000 shares of J.C. Penney Company, Inc.

In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 3.

Department store chain J.C. Penney Co Inc reported same-store sales above its estimates, helped by an overhaul of women's apparel and higher demand for home goods and Sephora beauty products. The company has experienced volume of 4,624,566 shares while on average the company has a capacity of trading 3.51M share. J. C. Penney Company, Inc. One of the more popular combinations is to use the 50-day and 200-day moving averages. The stock was acquired at an average cost of $3.48 per share, with a total value of $348,000.00. (NYSE: ANF) has grabbed attention from the analysts when it experienced a change of 3.92% in the last trading session to close at $12.18. The firm's revenue was up 1.5% on a year-over-year basis. research analysts forecast that J.C. Penney Company, Inc.

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.

USA department stores have worked hard this year to rein in inventory and build better delivery services. Holding has a 1-year low of $2.35 and a 1-year high of $10.74.


J.C. Penney president and CEO Marvin Ellison at the J.C. Penney store at Stonebriar Centre in Frisco, Texas, on March 31, 2015.

In other news, EVP John Joseph Tighe III sold 38,756 shares of the business's stock in a transaction that occurred on Friday, November 18th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 310,135 shares of company stock valued at $1,111,391 over the last quarter.

Penney, similar to many other retailers, heavily discounted apparel in the third quarter to clear room for holiday merchandise. 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. There's heightened competition from rival e-commerce site JD.com, which has partnerships with Tencent Holdings Ltd. and Baidu Inc.to drive traffic.

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%. Previously Lumber Liquidators Holdings Inc (NYSE:LL) reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.07 by $0.23 with surprise factor of 328.6%. 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.

Related news:

Hot News

isis-killer-beheading-video-story-top Equifax breach will continue to take financial toll on company, executives warn
Nov 11, 2017 - 00:54
Equifax estimated a range of additional costs between $56 million and $110 million to continue providing the free services. The company expects revenue of $825 million to $835 million, compared to the average analyst forecast of $833.65 million.

isis-killer-beheading-video-story-top Stephon Marbury, Jimmer Fredette get in the altercation you've always wanted
Nov 11, 2017 - 00:53
Stephon Marbury doesn't look like he's happy about Jimmer Fredette making waves in the Chinese Basketball Association. Fredette was driving for a layup late in the third quarter when Marbury tried to stop him from scoring.

isis-killer-beheading-video-story-top Aly Raisman Accuses Former USA Gymnastics Doctor Larry Nassar Of Sexual Abuse
Nov 11, 2017 - 00:37
He also faces charges in state court in MI , largely related to claims that he digitally penetrated women during medical exams. Larry Nassar , USA Gymnastics is appalled that anyone would exploit a young athlete or child in the manner alleged".

isis-killer-beheading-video-story-top List of Veterans Day events and deals
Nov 11, 2017 - 00:26
Outback Steakhouse will also donate to Operation Homefront from November 8 through January 2, 2018 to support military families. National Park Service is waiving fees at most of its day-use recreation sites over the Veterans Day holiday weekend.

isis-killer-beheading-video-story-top Streaming Service Coming Next Year
Nov 11, 2017 - 00:25
The news was announced by Walt Disney Company chairman and CEO Bob Iger during a quarterly earnings call with investors on Thursday.

isis-killer-beheading-video-story-top Corephotonics sues Apple over dual camera technology patents
Nov 10, 2017 - 01:54
Apple's dual cameras have put it back on top spots in reviews and benchmarks, making it a potentially lucrative target. The Israeli startup , however, is known to a few investors, including Samsung Ventures, Foxconn, and MediaTek.

isis-killer-beheading-video-story-top SSE and Npower in energy merger talks
Nov 10, 2017 - 01:51
The other four major suppliers are British Gas, Scottish Power - which is owned by Spain's Iberdrola, E.On and EDF. Innogy confirmed the two were in "advanced exclusive discussions".

isis-killer-beheading-video-story-top High expectations as NE set to host first GST meet
Nov 10, 2017 - 01:50
The GST Council has been meeting every month since the Goods and Services Tax ( GST ) regime came into effect on July1. At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent.

isis-killer-beheading-video-story-top Twitter Increases Character Limits To 280
Nov 10, 2017 - 01:46
Only select users had access to the expanded character count during an initial roll out over the past month. Twitter Inc (NYSE: TWTR ) users across the world are now able to express themselves with more characters.

isis-killer-beheading-video-story-top Cleveland Browns: Josh Gordon declares himself 'clean and sober'
Nov 10, 2017 - 01:44
After his first day back, Gordon posted a video on Instagram sharing shots of the practice field and he said, "The first day back in the building went great".

isis-killer-beheading-video-story-top Hammerson plc 16.7% Potential Upside Indicated by Liberum Capital
Nov 10, 2017 - 01:43
The Firm operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The stock of Starbucks Corporation (NASDAQ:SBUX) has "Outperform" rating given on Wednesday, September 28 by Wedbush.

isis-killer-beheading-video-story-top Russian offered to send prostitutes to Trump's hotel room
Nov 10, 2017 - 01:37
Stuart Sears , Schiller's lawyer, said versions of his client's leaked testimony "are blatantly false and misleading". Schiller claimed he viewed the offer as a joke and responded, "We don't do that type of stuff".

isis-killer-beheading-video-story-top Patriots claim Martellus Bennett off waivers
Nov 10, 2017 - 01:13
Kendricks has caught eight passes for 126 yards and one touchdown while Rodgers has caught four passes for 43 yards. The New England Patriots have claimed the tight end on waivers, ESPN's Adam Schefter reported, citing a source.

isis-killer-beheading-video-story-top Louis CK Accused of Masturbating in Front of Women
Nov 10, 2017 - 01:09
When the NY Times asked C.K.to address the allegations at the Toronto Film Festival in September, he brushed them off. CK has also canceled his scheduled appearance for Friday (November 10) on The Late Show With Stephen Colbert .

isis-killer-beheading-video-story-top GOP tax bill would kill deduction for student loan interest
Nov 10, 2017 - 01:08
Another possible good news for the fight against the House GOP's move to repeal the federal tax credit for electric vehicles. Millions of Americans would lose the ability to deduct up to $2,500 in student loan interest under the Republican tax bill.