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JC Penney rallies as FQ3 not as bad as feared

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JCPenney

Holding (NYSE:JCP) last posted its earnings results on Thursday, November 9th.

Since the start of the New Year, J. C. Penney Company, Inc. They expect $-0.38 EPS, down 179.17% or $0.86 from last year's $0.48 per share.

JCP has been the topic of a number of other research reports. The company was upgraded on Friday, December 2 by Bank of America.

Adam Levine-Weinberg owns shares of J.C. Penney.

Citigroup "Maintained" J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 10/31/17 to Sell with price target of $3.

J.C. Penney Company, Inc. The company's beta value is at 0.48. The lowest target is $8.5 while the high is $11.0. The company has a quick ratio of 0.24, a current ratio of 1.45 and a debt-to-equity ratio of 3.51.

J.C. Penney Co. reported a loss of $128 million, or 41 cents, for the quarter. After $-0.13 actual EPS reported by Liberty Media Corporation - Series C Liberty Formula One for the previous quarter, Wall Street now forecasts 192.31% negative EPS growth. This was better than the $0.40 to $0.45 estimate that the company had provided in its guidance update, but worse than its $0.21 per share loss a year earlier. Likewise, the downbeat performance for the last quarter was -25.75% and for the full year it was -13.22%. If you are viewing this piece of content on another website, it was stolen and republished in violation of global copyright and trademark laws. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of worldwide trademark and copyright law. After a recent check, company stock has been trading near the $2.77 mark.

As of 1540 GMT, shares had gained 15.73% to $3.20 each. Following the completion of the purchase, the chief financial officer now owns 72,645 shares in the company, valued at approximately $262,974.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Javier G. Teruel bought 135,135 shares of the stock in a transaction on Tuesday, August 22nd. It has a market cap of $811 Million. The disclosure for this purchase can be found here.

Institutional investors now hold around $557 million or 73.5% in JCP stock. Tudor Investment Corp ET AL increased its position in J.C. Penney Company, Inc. Rhumbline Advisers now owns 629,809 shares of the department store operator's stock worth $2,929,000 after acquiring an additional 60,340 shares during the period. Citigroup Inc. upped their target price on J.C. Penney Company, Inc. SG Americas Securities LLC grew its position in shares of J.C. Penney Company, Inc.

Data source: J.C. Penney Q3 earnings report.

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Can investors trust J.C. Penney's management?

J. C. Penney Company, Inc is a holding company.

Like many retailers, department stores have wrestled with weak sales as customers go online.

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