March 23, 2018

Penney Company, Inc. (NYSE:JCP) Underpriced by 12.7%

14 November 2017, 06:07 | Winston Chapman

When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report. Telsey Advisory Group lifted their price objective on shares of J.C. Penney from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Monday, August 15th. Previously J.C. Penney Company Inc (NYSE:JCP) reported $-0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.43 by $0.1 with surprise factor of 23.3%. Holding and gave the company a "hold" rating in a report on Friday, August 11th.

Shares of J.C. Penney Co. Holding from a "buy" rating to a "hold" rating in a research note on Saturday, August 12th. Finally, US Bancorp DE increased its stake in J.C. Penney Company, Inc.

On October 30 analysts at B. Riley released guidance on JCP with a rating of "Hold" and price target of $4.00.

When considering a stock buy, many investors seek to know what Wall Street analysts are saying about the company - by looking at the average analyst rating, for example. Sell-side research firms now have a consensus one year price target of ${{t8}} on the stock according to First Call.

BMO Capital Markets lowered the price target on October 30 cutting the projection from $4.00 to $2.75 and stated a "Market Perform" rating. JCP now has a profit margin of -0.90%. The firm has a market cap of $985.05, a P/E ratio of 11.32 and a beta of 0.53. The department store operator reported ($0.33) EPS for the quarter, topping analysts' consensus estimates of ($0.43) by $0.10. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.50, compared to 0.64 reported in the same quarter a year ago. Equities analysts predict that J.C. Penney will post $0.06 earnings per share for the current year.

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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.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of United States and global trademark and copyright law. Insider ownership increased by a total of 343243 shares, which suggests that JCP's key executives are feeling more optimistic about the outlook for the stock. Also, CFO Jeffrey A. Davis acquired 50,000 shares of the business's stock in a transaction that occurred on Tuesday, August 22nd. 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Holding stock in a transaction dated Friday, August 18th. (JCP)'s shares. The total value of these holdings, in millions, is $705. Vetr cut shares of J.C. Penney from a "buy" rating to a "hold" rating and set a $10.02 price objective on the a research report on Monday, August 15th. The disclosure for this purchase can be found here. During the same period previous year, the company earned ($0.21) earnings per share.

Hedge funds have recently made changes to their positions in the business.

Shares of J.C. Penney Company, Inc. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after acquiring an additional 4,205 shares during the period.

Amalgamated Bank trimmed its position by selling 503 shares a decrease of 1.2% in the quarter. IL raised its position in J.C. Penney Company, Inc. Holding (NYSE JCP) opened at $3.17 on Monday. Quinn Opportunity Partners LLC raised its position in J.C. Penney Company, Inc. Holding by 6.8% in the first quarter. Tudor Investment Corp ET AL increased its stake in J.C. Penney Company, Inc. Holding by 7.3% in the first quarter. (JCPenney), launched on January 22, 2002, is a holding company.

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