JC Penney (JCP) Receives News Impact Score of 0.10

JC Penney (JCP) Shares Gap Up to $4.16

JC Penney (JCP) Shares Gap Up to $4.16

J.C. Penney's weaker-than-expected sales growth also follows a rosy forecast from the retailer, which said in January it saw strong demand for home, beauty products and jewelry.

J.C. Penney laid off about 360 people, the company said Friday, part of the department store's plan to trim costs and simplify operations as more people shop online and mall traffic drops.

This stock (JCP) is ahead of its 52-week low with 66.81%. 957,600 were reported by Gamco Et Al. Prudential Public Limited Co has 0.01% invested in J. C. Penney Company, Inc. (NYSE:JCP) or 5.52M shares. American International Grp Incorporated accumulated 245,781 shares. Lpl Ltd Llc stated it has 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP) has a Shareholder Yield of -0.009785 and a Shareholder Yield (Mebane Faber) of 0.24789. First Mercantile Tru owns 0.1% invested in Envestnet, Inc. It improved, as 45 investors sold JCP shares while 51 reduced holdings.

Regarding the management changes, the company said Mike Amend, executive vice president of Penney's omnichannel business, is leaving. It also increased its holding in Avon Prods Inc (NYSE:AVP) by 936,286 shares in the quarter, for a total of 2.84M shares, and has risen its stake in Delaware Enhanced Gbl Div & (NYSE:DEX). This is up 1.8 % from its revenue of $3.96 billion from the same time previous year.

Saba Capital Management Lp, which manages about $7.93 billion and $986.86M US Long portfolio, upped its stake in Templeton Emerg Mkts Income (TEI) by 1.82 million shares to 2.20M shares, valued at $25.46 million in 2017Q3, according to the filing. (JCP) has made its way to a 12-month decline of -37.18%. It has underperformed by 56.70% the S&P500.The move comes after 5 months negative chart setup for the $1.25 billion company. Therefore 10% are positive. J C Penney has a 1 year low of $2.35 and a 1 year high of $6.40. $6's average target is 38.57% above currents $4.33 stock price. The Volatility 3m of J. C. Penney Company, Inc. Atlantic Securities downgraded J. C. Penney Company, Inc. (NYSE:JCP) on Monday, October 30 to "Neutral" rating. CytomX Therapeutics had 4 analyst reports since November 2, 2015 according to SRatingsIntel.

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Short Ratio of stock is 3.94. The company operates in the Consumer Cyclical sector with a market capitalization of 1.22 Million. Jefferies has "Hold" rating and $7 target. Cowen set a $4.00 target price on shares of J C Penney and gave the company a "hold" rating in a report on Thursday, November 30th. The rating was upgraded by Evercore on Wednesday, August 5 to "Hold". The company was maintained on Monday, March 28 by Goldman Sachs. Amalgamated Comml Bank holds 0% in J. C. Penney Company, Inc.

Monster Beverage Corporation (NASDAQ:MNST)'s stock on Tuesday traded at beginning with a price of $ 65.90 and when day-trade ended the stock finally slumped -2.49% to reach at $64.17. J C Penney earned a media sentiment score of 0.11 on Accern's scale.

Penney's ongoing turnaround efforts include liquidating excess apparel inventory, closing unprofitable stores and growing its private-label lines. Ipg Investment Advsrs Ltd Liability Corp reported 0.03% in J. C. Penney Company, Inc. It is expecting earnings per share for the year to range from 5 cents to 25 cents.

It also restructured its group, regional, district and store support teams, noting that while "the vast majority of impacted associates" took new positions within the stores, the retailer was able to cut about 230 positions. Stock Rose 17% in January" published on February 05, 2018 as well as Seekingalpha.com's news article titled: "JC Penney: "We Could See Some Unexpected Results" with publication date: "February 13, 2018.

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