Baird’s price objective suggests a potential upside of 26.83% from the stock’s current price.
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J. C. Penney Company, Inc.is a holding company. On a relative basis, the stock has outperformed the S&P 500 by 11.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. Dimensional Fund Advisors LP increased its position in shares of J.C. Penney by 92.6% in the fourth quarter.
Monster Worldwide, Inc. (NYSE:MWW) showed bearish move with loss of -2.12% after exchanging volume of 2.74 million shares in last trading session ended on 8/22/2016. LLC acquired a new position in shares of J.C. Penney during the fourth quarter valued at approximately $3,096,000. Invictus RG purchased a new stake in J.C. Penney during the first quarter worth approximately $103,000. Finally, Armistice Capital LLC increased its position in shares of J.C. Penney by 83.8% in the fourth quarter.
J.C. Penney (NYSE:JCP) last announced its quarterly earnings data on Friday, August 12th.
On Thursday Morgan Stanley maintained its target price on J.C. Penney Company (NYSE:JCP) shares issuing the company with a “Underweight” rating. As of recent closing trade, the ask price and the bid price remained at 10.26 and 10.25 respectively. The corporation has a market capitalization of US$3.15 Billion.
The company’s price sits 14.22% above from its 50-day moving average of $9.30 and 19.06% far from the stock’s 200-day moving average which is $9.15. Over the same time span, the stock notched a high price of US$11.99 and its minimum level reached was US$6. The company earned $2.92 billion during the quarter, compared to analyst estimates of $2.93 billion. The company’s revenue was up 1.5% compared to the same quarter a year ago. Now shares have been rated as “Buy” from 5 Analysts.
A number of FactSet analysts shared their views about the current stock momentum.
Previously on 8/15/2016, Telsey Advisory reported about J.C. Penney Company (NYSE:JCP) raised the target price from $12.00 to $13.00.
Analysts’ mean recommendation for J. C. Penney Company, Inc.’s (JCP) stands at 2.50. The company net profit margin is 8.70% and gross profit margin is 28.20%. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. The Corporation has average brokerage recommendation (ABR) of 2.47 based on consensus of the brokerage firms issuing ratings.
J.C. Penney also plans to increase private label penetration to between 65% and 70%, up from 52%, and focus on national brands like Nike (NKE).
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For the quarter ending 2016-07-31, J C Penney Company Inc (NYSE:JCP) posted actual EPS of $-0.05.
