Northcoast Research Comments on J.C. Penney Company, Inc. Holding Company’s Q4 2018 Earnings (JCP)

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) – Stock analysts at Northcoast Research cut their Q4 2018 earnings per share estimates for shares of J.C. Penney Company, Inc. Holding in a research report issued to clients and investors on Monday. Northcoast Research analyst K. Szafraniec now expects that the department store operator will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.54. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for J.C. Penney Company, Inc. Holding’s FY2019 earnings at $0.25 EPS.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.10. J.C. Penney Company, Inc. Holding had a positive return on equity of 7.60% and a negative net margin of 1.43%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the business posted ($0.21) earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This news story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/11/14/northcoast-research-comments-on-j-c-penney-company-inc-holding-companys-q4-2018-earnings-jcp.html.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised J.C. Penney Company, Inc. Holding from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a research note on Thursday, August 10th. Deutsche Bank AG reaffirmed a “hold” rating and set a $5.00 target price (down previously from $6.50) on shares of J.C. Penney Company, Inc. Holding in a research note on Monday, August 14th. B. Riley reaffirmed a “buy” rating and set a $4.30 target price on shares of J.C. Penney Company, Inc. Holding in a research note on Wednesday, August 16th. BidaskClub cut J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Jefferies Group LLC set a $4.00 target price on J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. J.C. Penney Company, Inc. Holding currently 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, hitting $2.95. The stock had a trading volume of 33,105,700 shares, compared to its average volume of 19,328,244. J.C. Penney Company, Inc. Holding has a 12 month low of $2.35 and a 12 month high of $10.74. The company has a market capitalization of $985.05, a PE ratio of 11.32 and a beta of 0.53. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.16 and a current ratio of 1.44.

In other news, Director Javier G. Teruel purchased 135,135 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $3.64 per share, with a total value of $491,891.40. Following the purchase, the director now directly owns 518,970 shares of the company’s stock, valued at $1,889,050.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Brown purchased 25,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $3.62 per share, with a total value of $90,500.00. Following the completion of the purchase, the director now directly owns 68,123 shares in the company, valued at $246,605.26. The disclosure for this purchase can be found here. Insiders have bought a total of 310,135 shares of company stock valued at $1,111,391 over the last ninety days. Company insiders own 1.02% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its stake in shares of J.C. Penney Company, Inc. Holding by 12.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock worth $141,000 after purchasing an additional 2,600 shares in the last quarter. Blair William & Co. IL raised its stake in shares of J.C. Penney Company, Inc. Holding by 3.1% during the 2nd quarter. Blair William & Co. IL now owns 33,625 shares of the department store operator’s stock worth $156,000 after purchasing an additional 1,000 shares in the last quarter. Quinn Opportunity Partners LLC raised its stake in shares of J.C. Penney Company, Inc. Holding by 13.9% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator’s stock worth $190,000 after purchasing an additional 5,000 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of J.C. Penney Company, Inc. Holding during the 2nd quarter worth about $190,000. Finally, US Bancorp DE increased its holdings in shares of J.C. Penney Company, Inc. Holding by 1.7% during the 2nd quarter. US Bancorp DE now owns 63,629 shares of the department store operator’s stock valued at $296,000 after acquiring an additional 1,054 shares during the last quarter. 70.46% of the stock is owned by institutional investors.

About J.C. Penney Company, Inc. Holding

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.

Earnings History and Estimates for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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