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JC Penney; Equifax — CORPORATE REPORT
12 November 2017, 01:43 | Lionel James
JC Penney rallies as FQ3 not as bad as feared
Holding and gave the company a "hold" rating in a report on Friday, August 11th. Citigroup Inc. increased their price objective on shares of J.C. Penney Company, Inc. Holding from a "sell" rating to a "hold" rating in a report on Tuesday, October 17th.
Ellison said on Friday that J.C. Penney will not need to liquidate inventory again in the fourth quarter. Our growth strategies and new apparel initiatives led to sequential comp sales improvement in almost all merchandise categories in the third quarter, giving us confidence that our overall strategy and transformation is beginning to take hold. Holding in a research note on Thursday, September 14th. Holding presently has an average rating of Hold and a consensus target price of $5.06. Holding (NYSE:JCP) traded up $0.42 during mid-day trading on Monday, hitting $3.17. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.45 and a quick ratio of 0.24. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. JCP now has a profit margin of -0.90%. The company reported the earnings of $-0.09/Share in the last quarter where the estimated EPS by analysts was $-0.05/share. Holding had a positive return on equity of 10.55% and a negative net margin of 0.94%. When it comes to net revenue, the average estimate from a total of 19 analysts is 2.74 billion - compared to $2.86 billion posted in the year-ago period. And after closing 138 stores, total sales fell 1.8 percent to $2.81 billion, which shows how unproductive some stores had become.
A good method of evaluating a public company's profitability is by taking a look at its Earnings per Share (EPS) performance. "Holding Company (JCP) a $4.00 Price Target" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this report on another site, it was illegally stolen and republished in violation of USA & global copyright & trademark law. (JCP) was a Hold - from a survey of 14 analysts. Past 5 years growth of J.C. Penney Company Inc (NYSE:JCP) observed at 9.37%, looking forward for the next 5 years it has a strong prediction of -28% over growth.
In related news, Chairman Marvin R. Ellison purchased 100,000 shares of the company's stock in a transaction on Friday, August 18th. Following the acquisition, the director now directly owns 518,970 shares of the company's stock, valued at approximately $1,889,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The disclosure for this purchase can be found here.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Also, Director Paul J. Brown acquired 25,000 shares of J.C. Penney Company, Inc. Holding during the second quarter worth about $311,000. Piedmont Investment Advisors LLC purchased a new position in J.C. Penney Company, Inc. Holding by 12.8% during the 1st quarter. J.C. Penney Co. has a 1-year low of $6.00 and a 1-year high of $11.99. GA ADV now owns 37,200 shares of the department store operator's stock valued at $330,000 after buying an additional 1,000 shares in the last quarter. Holding by 10.6% in the second quarter. GA ADV raised its position in shares of J.C. Penney by 2.8% in the second quarter. Holding during the 2nd quarter valued at $190,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of J.C. Penney Company, Inc.
Packers Cut TE Martellus Bennett
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