JC Penney Company Inc Stock Sinks on Q4 Revenue Miss

JC Penney shares dive as profit forecast, same-store sales disappoint

The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold.

The stock increased 1.12% or $0.16 during the last trading session, reaching $14.45. About 21.32M shares traded or 32.78% up from the average.

Investors sentiment increased to 1.19 in 2017 Q3. It has underperformed by 3.99% the S&P500. The firm has a market capitalization of $1,349.10, a price-to-earnings ratio of -6.76, a price-to-earnings-growth ratio of 1.54 and a beta of 0.49.

Net income was $254.0 million, or 81 cents per share, up from $192.0 million, or 61 cents per share, year-over-year. It improved, as 45 investors sold J. C. Penney Company, Inc. shares while 51 reduced holdings. Revenue totaled $4.03 billion, up from $3.96 billion past year. Kinder Morgan, Inc. (KMI) finalized the Wednesday at price of $16.2 after traded 16953522 shares.

For the year, Penney reported a total sales decline of 0.3 percent to $12.51 billion. (NYSE:JCP) has declined 40.00% since March 1, 2017 and is downtrending.

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Its comparable-store sales rose 2.6 per cent in the fourth quarter ended February 3, missing analysts' average estimate of a 2.94 per cent increase. Its up 0.40, from 0.79 in 2017Q2. According to Wilder, any number above 70 should be considered overbought and any number below 30 should be considered oversold. 38 funds opened positions while 76 raised stakes. Bancshares Of America De owns 2.71M shares or 0% of their United States portfolio. (NYSE:ENV). The Florida-based Raymond James has invested 0% in Envestnet, Inc. (NYSE:JCP). Invesco Ltd accumulated 423,919 shares or 0% of the stock. Comerica Bancorp has invested 0.01% in J. C. Penney Company, Inc. Penney's more than 600 appliance departments, 500 mattress showrooms will help win market share, he said. Alley Company Ltd Llc holds 12,000 shares. Alliancebernstein Lp invested in 0% or 380,500 shares. (NYSE:JCP). Nelson Van Denburg And Campbell Wealth Grp Limited Liability reported 0% stake. Us Commercial Bank De holds 0% or 60,579 shares in its portfolio.

Summit Creek Advisors Llc, which manages about $971.18 million and $507.71M US Long portfolio, upped its stake in Grubhub Inc. Four equities research analysts have rated the stock with a sell rating and seventeen have given a hold rating to the company's stock. J.C. Penney Company had 83 analyst reports since July 22, 2015 according to SRatingsIntel. UBS maintained it with "Buy" rating and $63.0 target in Monday, October 9 report. Deutsche Bank maintained J. C. Penney Company, Inc. Buckingham Research has "Buy" rating and $12 target. UBS maintained Envestnet, Inc. (NYSE:JCP) or 7.53M shares. The rating was downgraded by Oppenheimer to "Perform" on Tuesday, January 3. J C Penney has a consensus rating of "Hold" and an average target price of $4.47. The stock of Envestnet, Inc. Comparable sales increased 0.1 %. (NYSE:ENV) on Friday, October 27.

In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 3. Therefore 10% are positive.

Why J.C. Penney Company, Inc. Pinnacle Advisory Group holds 0% or 15,200 shares. According to today's trading volume J. C. Penney Company, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. (NYSE:JCP) is -0.018551. This number is calculated by dividing net income after tax by the company's total assets. Cowen & Co has "Hold" rating and $4.0 target. (NYSE:JCP) rating on Monday, November 13.

J. C. Penney Company, Inc is a holding company. The legal version of this article can be viewed at https://weekherald.com/2018/03/02/j-c-penney-company-inc-jcp-stake-lessened-by-royce-associates-lp.html. The stock price moved with change of -18.31% to its 50 Day low point and changed -2.17% comparing to its 50 Day high point. They expect $0.45 earnings per share, down 29.69% or $0.19 from last year's $0.64 per share. 0 analysts call it Underweight, while 2 think it is Overweight.

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