October 18, 2017

JC Penney Company Inc (JCP) Sees Management Shakeup

15 July 2017, 04:03 | Winston Chapman

JC Penney Company Inc (JCP) Sees Management Shakeup

Penney plans toy store additions for holidays

USA retail giant J.C. Penney is rolling out toy shops across all of its more than 1,000 department stores. Northwestern Mutual Wealth Management Co has 0% invested in J C Penney Company Inc (NYSE:JCP). Holding Company in a report on Monday, May 15th. J C Penney Company Inc (NYSE:JCP) has declined 40.00% since July 14, 2016 and is downtrending.

The retailer this week said it was expecting second-quarter sales to significantly improve from the first quarter. Moreover, Hodges Capital Management Inc. has 2.42% invested in the company for 6.32 million shares. Finally, Oppenheimer Holdings, Inc. restated a "hold" rating on shares of J.C. Penney Company, Inc. Holding Company had its "neutral" rating reiterated by analysts at Piper Jaffray. The stock presently has an average rating of "Hold" and an average target price of $7.10. Holding Company by 33.1% in the first quarter. The company's 50 day moving average price is $4.70 and its 200-day moving average price is $6.17. Holding Company earned a news impact score of 0.27 on Accern's scale. Teachers Advisors LLC increased its position in shares of J.C. Penney Company, Inc. Finally, Norges Bank acquired a new position in shares of J.C. Penney Company, Inc.

A number of other equities research analysts have also issued reports on JCP.

The announcement comes four months after the company finalized plans to shutter 138 of its stores - leaving fewer than 1,000 locations open. Holding Company (NYSE:JCP) traded down 0.80% during mid-day trading on Thursday, reaching $4.94.

J.C. Penney quietly tested its increased selection of toys in stores during last year's holiday shopping season and the response was extremely positive for them, said the J.C. Penney executive. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock valued at $103,000 after buying an additional 4,205 shares in the last quarter. TIAA CREF Investment Management LLC now owns 5,753,065 shares of the department store operator's stock valued at $35,439,000 after buying an additional 1,125,837 shares during the last quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator's stock worth $122,000 after buying an additional 9,068 shares in the last quarter.

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Shares of J.C. Penney Company, Inc. Holding Company in a report on Tuesday, July 4th. However, if we look at the company's share performance in the past one year it has been impacted by lower-than-expected top-line performance in the past five quarters and weakness in apparel. "Overweight" signal reported by 2 and "Underweight" rating was suggested by 0. Holding Company from a "hold" rating to a "sell" rating in a report on Wednesday. The Average Volume of the company is 19.04 Million, while the Volume of the company in the last trading session was 22.04 Billion. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, July 27, 2017 at 8:00 a.m. The department store operator reported $0.06 EPS for the quarter, beating the Zacks' consensus estimate of ($0.21) by $0.27. This forecast is a point estimate that provides investors with a benchmark against which to directly compare stock price in the short run.Target prices made by analysts employed by large brokers, who have access to a greater resource pool, are more likely to be met over the 12-month forecast period. J.C. Penney Company, Inc. Holding Company will post $0.49 earnings per share for the current year. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of global trademark and copyright legislation.

About J.C. Penney Company, Inc.

Press coverage about J.C. Penney Company, Inc.

TRADEMARK VIOLATION NOTICE: "1,409,000 Shares in J.C. Penney Company, Inc". Blackrock Institutional Na has 0.01% invested in J C Penney Company Inc (NYSE:JCP).

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