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JCPenney reports a wider loss than expected, stock gets smoked

12 August 2017

The insider now directly owns 2,507,317 shares worth $11,809,463. With 1.73 million avg volume, 1 days are for NINTENDO COMPANY LTD ADR (OTCMKTS:NTDOY)'s short sellers to cover NTDOY's short positions. It closed at $48.53 lastly. Finally, Jefferies Group LLC restated a "hold" rating and issued a $7.00 price objective on shares of J.C. Penney Company, Inc. ValuEngine upgraded J.C. Penney Company, Inc.

July 12 investment analysts at Citigroup made no change to the company rating of "Neutral" and lowered the price target from $7.50 to $5.00. Holding from a "buy" rating to a "hold" rating in a report on Monday. On Monday, September 28 the stock rating was upgraded by Sterne Agee CRT to "Buy". The consensus rating is 2.5, suggesting the market has given up on the stock. The mean rating score for this stock is at 3.00. Holding from a reduce rating to a hold rating and set a $4.50 price objective on the stock in a report on Monday, June 26th. Quotient Investors Llc acquired 37,900 shares as Penney J C Inc (JCP)'s stock declined 35.14%. It tells an investor how quickly a company is increasing its revenues.

J. C. Penney Company, Inc is a holding company. Deutsche Bank AG lifted their price target on J.C. Penney Company, Inc. Vanguard Grp Inc Inc reported 289,550 shares.

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In terms of guidance for the 2017 full year, EPS are expected to be between $0.40 and $0.65, and comparable sales are expected to be in the range of -1% to 1%. 952,464 are owned by Gagnon Advisors Limited Liability Corp. Beta factor, which measures the riskiness of the security, was observed as 0.48.

As of the end of the quarter Nationwide Fund Advisors had sold a total of 336,918 shares trimming its holdings by 62.7%. Some chains, notably Nordstrom, have fought back by investing heavily in their own off-price stores and online presence. Concert Wealth Management Inc invested in 0.06% or 33,910 shares. Water Island has invested 5.21% in CST Brands Inc (NYSE:CST). The company has 0.12 value in price to sale ratio while price to book ratio was recorded as 1.21.

In a note, Neil Saunders, managing director of GlobalData, said that while Penney's second quarter performance was underwhelming, the company is moving in the right direction.

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J. C. Penney has with a one year low of $3.85 and a one year high of $11.30 and has a market capitalization of $0. The Firm is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. The Company's divisions include U.S. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. It was reported on Aug, 9 by Barchart.com. Holding (NYSE:JCP) have trended somewhat positive this week, according to Accern Sentiment. The firm has "Outperform" rating by Raymond James given on Wednesday, September 16. The company was downgraded on Tuesday, August 23 by Gabelli. These shares are worth $361,593 and were traded at $9.33 each.

Nordstrom, Inc. (NYSE:JWN)'s stock on Thursday traded at beginning with a price of $46.10 and when day-trade ended the stock finally declined -4.29% to reach at $44.87. It has underperformed by 56.70% the S&P500.

Holding's Q4 2018 earnings at $0.56 EPS. Its down 0.09, from 1.07 in 2016Q3. After having $0.06 EPS previously, J C Penney Company Inc's analysts see -216.67 % EPS growth. 57 funds opened positions while 87 raised stakes. The average volume stands around 18.04 million shares. Ubs Asset Mngmt Americas holds 370,715 shares. Sterling Capital Mgmt Llc stated it has 27,358 shares.

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To measure price-variation, we found LYV's volatility during a week at 4.52% and during a month it has been found around 2.18%. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

Heading into the earnings release, covering analysts have a consensus target price of $6.77 on J. C. Penney Company, Inc. shares. On average, equities analysts expect that J.C. Penney Company, Inc.

JCPenney reports a wider loss than expected, stock gets smoked