JC Penney stock higher from a better results than expected


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

On an adjusted basis, net losses were $102 million, or 33 cents per share - which was worse than analysts' predictions for a net loss of 17 cents per share. Holding from $3.00 to $4.00 and gave the company a "neutral" rating in a research note on Friday, October 27th.

FILE - This Monday, Aug. 19, 2013, file photo shows a J.C. Penney store in Pembroke Pines, Fla.

Taking a broader look brokerage firms' analysts on the street with an expectant view have J.C. Penney Company Inc (NYSE:JCP) high price target of $15 and with a conservative view have low price target of $4. Holding in a report on Wednesday, August 16th. Deutsche Bank AG reiterated a buy rating on shares of J.C. Penney in a report on Monday, October 31st.

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 presently has an average rating of Hold and an average target price of $5.06. (NYSE:JCP) has became attention seeker from the inquisitor when it experienced a change of 9.56%.Whereas, in last 21 trading days was -20.98% and moved up in last 63 trading days of -30.03%.

The company had seen its current volume reaching at 0.71 million shares in the last trade. The company has a quick ratio of 0.24, a current ratio of 1.45 and a debt-to-equity ratio of 3.51. Holding Company has a 52 week low of $2.35 and a 52 week high of $10.74. It also posted a smaller-than-expected loss for the third quarter, all news that sent its shares soaring. Holding has a 1-year low of $2.35 and a 1-year high of $10.74.

Penney CEO Marvin Ellison said the company is encouraged by the same-store sales increase and that new apparel initiatives are showing improved sales since the second quarter in almost all merchandise categories. Holding's Q3 2018 earnings at ($0.46) EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $0.05 EPS and FY2019 earnings at $0.30 EPS.

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 shares were acquired at an average cost of $3.64 per share, with a total value of $491,891.40. Following the completion of the purchase, the chairman now directly owns 2,852,280 shares of the company's stock, valued at approximately $9,925,934.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. For example, we can find out a public company's profit margin, which lets us know how much of a company's net sales revenue was retained as earnings - which we calculate by dividing net income by total sales revenue.

In Asian markets, Japan's Nikkei Stock Average fell 0.82 percent, Hong Kong's Hang Seng Index declined 0.05 percent, China's Shanghai Composite Index climbed 0.14 percent and India's BSE Sensex gained 0.19 percent. Following the transaction, the chief financial officer now directly owns 72,645 shares in the company, valued at $262,974.90.

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