JC Penney Company, Inc. Provides Statement On Strategic Advisors

Galtero Lara
Julio 21, 2019

J C Penney has a 1 year low of $0.80 and a 1 year high of $2.65.

Shares of JCP stock traded down $0.18 during trading hours on Friday, hitting $0.90.

JCP has been the subject of several research reports. After having $-0.46 EPS previously, J. C. Penney Company, Inc.'s analysts see -34.78 % EPS growth.

Among 2 analysts covering JC Penney (NYSE:JCP), 0 have Buy rating, 0 Sell and 2 Hold. Zacks Investment Research's earnings per share averages are an average based on a survey of research analysts that that provide coverage for J C Penney. (NYSE:JCP). Tyvor Ltd has 1.48% invested in J. C. Penney Company, Inc. (NYSE:JCP) to report $-0.30 EPS on August, 15.They anticipate $0.08 EPS change or 21.05 % from last quarter's $-0.38 EPS.

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Net sales for the quarter ended May 4 were $2.4 billion, a 5.6% decrease from the comparable quarter the prior year. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. J C Penney's quarterly revenue was down 5.6% on a year-over-year basis.

A number of equities analysts recently weighed in on JCP shares. This stock has fallen a long way, and it seems that nothing short of a miracle could save it. The stock now has a consensus rating of "Sell" and an average target price of $2.53.

Jersey Central Power & Light Co (NYSE:JCP) institutional sentiment increased to 0.94 in 2019 Q1. The business's fifty day moving average price is $1.09. The company has a quick ratio of 0.24, a current ratio of 1.51 and a debt-to-equity ratio of 4.75. The company has a market capitalization of $342.17 million, a P/E ratio of -0.96 and a beta of 1.58. 22,275,543 shares of the company's stock traded hands, compared to its average volume of 4,543,145. Following the transaction, the director now directly owns 1,045,903 shares in the company, valued at approximately $1,024,984.94. The company was maintained on Friday, March 1 by FBR Capital. Moreover, Masters Capital Management Llc has 0.56% invested in the company for 7.00 million shares. J. C. Penney Company, Inc. Geode Capital Management LLC now owns 3,180,439 shares of the department store operator's stock worth $3,307,000 after acquiring an additional 167,783 shares during the last quarter. The stock was purchased at an average cost of $0.98 per share, for a total transaction of $218,950.62. GA ADV grew its position in shares of J C Penney by 12.6% during the first quarter. BlackRock Inc. now owns 43,382,574 shares of the department store operator's stock worth $45,118,000 after acquiring an additional 991,873 shares during the period. Marshall Wace North America L.P. bought a new stake in J C Penney in the 1st quarter worth approximately $41,000. "Although we recognize that J.C. Penney continues to maintain good liquidity, with about $1.75 billion of revolver availability and cash, our downgrade to Caa1 stable reflects the reality that leverage remains extremely elevated as the company embarks on its turnaround", Moody's wrote in a June 17 note.

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