JC Penney Earnings Amid Q2 Weakness in Retail

JC Penney Earnings Amid Q2 Weakness in Retail

For the current year the company's revenue estimates are $12.2 Billion compared to low analyst estimates of $11.72 Billion and high estimates of $12.48 Billion according to 19 number of analysts. Holding Company (JCP) now the company's industry has 60.06 P/E and the sector P/E is 19.97. Holding Company (NYSE:JCP) remained flat at $5.39 during trading on Tuesday. About 46.00 million shares traded or 236.75% up from the average. J.C. Penney shares are down 11% for the last three months and 43.3% for the year so far. The liquidations weighed on the company's gross margin and earnings per share, and CEO Marvin Ellison said the charges were isolated to the second quarter.

Constellation Brands Incorporated (NYSE:STZ) had an increase of 1.21% in short interest. Indus Holding AG (ETR:INH) has 0.00% since August 10, 2016 and is. It has underperformed by 90.80% the S&P500. Foxhaven Asset Management Lp sold 527,800 shares as the company's stock declined 35.14% while stock markets rallied. The Firm is engaged in the business of acquiring, exploring and developing precious metal projects in the United States. It now has negative earnings. The short interest to JC Penney Company Incorporated's float is 38.66%.

Deutsche Bank "Maintained" J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 8/08/17 to Hold with price target of $6.5. Therefore 67% are positive.

J.C. Penney's stock was in free fall Friday after the besieged retailer turned in a mixed report for the second quarter. The last close places the company's stock about $5.91 off its 52 week high of $11.3 and $1.22 above the 52 week low of $4.17. Holding in a research report on Thursday, August 3rd. The brokerage presently has a "hold" rating on the department store operator's stock. Telsey Advisory Group raised their price target on J.C. Penney Company, Inc. Miller Tabak has "Buy" rating and $13 target. The rating was upgraded by Northcoast to "Buy" on Monday, April 4. (NYSE:STZ) has "Corporate" rating given on Wednesday, September 16 by FinnCap.

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J. C. Penney Company, Inc.is a holding company. Holding from a "hold" rating to a "buy" rating in a research report on Tuesday, August 1st.

Foxhaven Asset Management Lp, which manages about $761.64M and $1.33 billion US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 695,282 shares to 1.57 million shares, valued at $108.56 million in 2016Q4, according to the filing. Some chains, notably Nordstrom, have fought back by investing heavily in their own off-price stores and online presence. Ishares Tr (Put) (TLT) was reduced too.

Investors sentiment decreased to 1.63 in Q4 2016. Its down 0.09, from 1.07 in 2016Q3. Shares plummeted to a low not seen since before 1980, at least in early trading indications. 247.74 million shares or 5.69% less from 262.69 million shares in 2016Q3 were reported.

Analysts' mean recommendation for J. C. Penney Company, Inc. Finally, Janney Montgomery Scott LLC boosted its stake in shares of J.C. Penney Company, Inc. Ubs Asset Mngmt Americas holds 370,715 shares. Concert Wealth Management has 33,910 shares. Bankshares Of Montreal Can stated it has 56,724 shares. Nomura Asset Mgmt accumulated 12,100 shares. Raymond James Advsr holds 20,545 shares. Rosenblum Silverman Sutton S F Inc Ca has 53,750 shares. Delcath Systems, Inc. (DCTH) maintained activity of 96.73 million shares that trade hands on average basis while its relative volume is 0.46.

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