News headlines about J.C. Penney Company, Inc. Holding (NYSE:JCP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. J.C. Penney Company, Inc. Holding earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the department store operator an impact score of 46.042968399517 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s rankings:
- B. Riley Comments on J.C. Penney Company, Inc. Holding Company’s Q1 2019 Earnings (JCP) (americanbankingnews.com)
- Northcoast Research Comments on J.C. Penney Company, Inc. Holding Company’s Q4 2018 Earnings (JCP) (americanbankingnews.com)
- 5 Things J.C. Penney Company, Inc.’s Management Wants You to Know (fool.com)
- JC Penney (JCP) Q3 Loss Narrower than Expected, Comps Gain – Nasdaq (nasdaq.com)
- J.C. Penney Surprises with Solid Comp Sales (finance.yahoo.com)
Several research analysts recently issued reports on the company. Zacks Investment Research lowered J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $5.00 target price on shares of J.C. Penney Company, Inc. Holding in a report on Thursday, August 3rd. BidaskClub upgraded J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Deutsche Bank AG lifted their target price on J.C. Penney Company, Inc. Holding from $5.50 to $6.50 and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Credit Suisse Group AG downgraded J.C. Penney Company, Inc. Holding to a “sell” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. J.C. Penney Company, Inc. Holding has an average rating of “Hold” and an average target price of $5.03.
J.C. Penney Company, Inc. Holding (NYSE JCP) traded down $0.22 during trading hours on Tuesday, reaching $2.95. The company’s stock had a trading volume of 33,105,700 shares, compared to its average volume of 19,328,244. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95. J.C. Penney Company, Inc. Holding has a 1-year low of $2.35 and a 1-year high of $10.74. The company has a market cap of $985.05, a P/E ratio of 11.32 and a beta of 0.53.
J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its quarterly earnings data on Friday, November 10th. The department store operator reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.10. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. J.C. Penney Company, Inc. Holding had a positive return on equity of 7.60% and a negative net margin of 1.43%. J.C. Penney Company, Inc. Holding’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.21) EPS. equities research analysts expect that J.C. Penney Company, Inc. Holding will post 0.06 EPS for the current fiscal year.
In related news, Chairman Marvin R. Ellison purchased 100,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $3.48 per share, for a total transaction of $348,000.00. Following the acquisition, the chairman now owns 2,852,280 shares in the company, valued at $9,925,934.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Javier G. Teruel bought 135,135 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of $3.64 per share, for a total transaction of $491,891.40. Following the acquisition, the director now directly owns 518,970 shares of the company’s stock, valued at $1,889,050.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 310,135 shares of company stock worth $1,111,391 in the last quarter. 1.02% of the stock is currently owned by insiders.
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J.C. Penney Company, Inc. Holding Company Profile
J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.
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