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14 November 2017, 08:42 | Jodi Jackson
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The stock of Target Corporation (NYSE:TGT) has "Buy" rating given on Monday, November 9 by Citigroup. Wall Street is only getting more bullish on the stock, with 2 of analysts who cover JCP having a buy-equivalent rating. J.C. Penney Company Inc (NYSE:JCP) has a market cap of $916.86 Million and the number of outstanding shares have been calculated 310.8 Million. The firm earned "Hold" rating on Monday, September 18 by Stifel Nicolaus.
In other J.C. Penney Company, Inc. Holding and gave the stock a hold rating in a research report on Friday, August 11th. Also, Director Paul J. Brown bought 25,000 shares of J.C. Penney Company, Inc. Holding in a research report issued to clients and investors on Monday. Shikiar Asset Management Inc. increased its position in J.C. Penney by 4.4% in the second quarter. Its last month's stock price volatility remained 1.73% which for the week approaches 1.64%. Holding from a sell rating to a hold rating in a research note on Monday.
Ratings analysis reveals 50% of J. C. Penney's analysts are positive.
However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Total debt to equity ratio of the company for most recent quarter is 3.72 whereas long term debt to equity ratio for most recent quarter is 3.51. The lowest price the stock reached in the last trading day was $28.19 and compares with the $19.67 52-week low. Holding (NYSE:JCP) last issued its earnings results on Friday, November 10th. The department store operator reported ($0.21) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.21).
J.C. Penney Company Inc (NYSE:JCP) has average revenue estimates of $2.77 Billion, compared to low analyst estimates of $2.72 Billion and high estimates of $2.91 Billion for the current quarter. They expect $0.51 earnings per share, down 20.31% or $0.13 from last year's $0.64 per share. During the same quarter past year, the firm earned ($0.21) EPS. analysts expect that J.C. Penney Company, Inc. Holding's FY2019 earnings at $0.25 EPS.
TRADEMARK VIOLATION WARNING: This piece was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and global copyright & trademark law. The legal version of this report can be read at investing/j-c-penney-co-jcp-given-average-recommendation-of-hold-by-analysts/1117825.html. Holding stock in a transaction dated Monday, August 21st. Following the completion of the transaction, the chairman now owns 2,852,280 shares in the company, valued at approximately $9,925,934.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The stock was acquired at an average cost of $3.62 per share, with a total value of $90,500.00. The stock had a trading volume of 33,105,700 shares, compared to its average volume of 19,328,244. The disclosure for this purchase can be found here. The business's revenue was down 1.8% on a year-over-year basis.
Consequently J.C. Penney Company Inc (NYSE:JCP)'s weekly and monthly volatility is 10.45%, 7.24% respectively. BMO Capital Markets lowered their price objective on shares of J.C. Penney Company, Inc. Holding by 3.1% during the 2nd quarter. Prudential Financial Inc. now owns 189,502 shares of the department store operator's stock worth $1,167,000 after acquiring an additional 12,060 shares in the last quarter. Quinn Opportunity Partners LLC increased its stake in J.C. Penney Company, Inc.
Among new and sold out positions, 40 holders initiated new positions by a total of 13.63 million shares and 69 holders exited their positions by a total of 21.85 million shares. This works out to a net decrease in ownership of 2.33 million shares, and suggests that institutions are feeling bearish about the stock.
J. C. Penney Company, Inc is a holding company. US Bancorp DE now owns 63,629 shares of the department store operator's stock valued at $296,000 after acquiring an additional 1,054 shares during the last quarter. Finally, US Bancorp DE increased its stake in J.C. Penney Company, Inc. Holding by 11.6% in the first quarter. IBM Retirement Fund now owns 31,071 shares of the department store operator's stock valued at $276,000 after buying an additional 467 shares during the period.
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