Published: Tue, November 14, 2017
Culture | By Stewart Greene

Penney Company, Inc. (NYSE:JCP) Underpriced by 12.7%


(JCP) was a Hold - from a survey of 14 analysts. Telsey Advisory Group lifted their price objective on shares of J.C. Penney from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Monday, August 15th. Holding from a "buy" rating to a "hold" rating in a research note on Saturday, August 12th.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J C Penney Company Inc for 8.01 million shares. The stock of Target Corporation (NYSE:TGT) earned "Hold" rating by Stifel Nicolaus on Wednesday, August 9. For the most recent period which ended on N/A, J C Penney Company Inc's EPS was reported as $N/A. In taking a look at the company's valuation, the firm's price to earnings ratio stands at {}.

J.C. Penney (NYSE:JCP) traded up 1.53% during midday trading on Tuesday, reaching $9.95. Holding from $5.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. At the moment, the average analyst rating for JCP is Hold. Grassi Investment Management increased its position in J.C. Penney by 53.3% in the second quarter. Holding by 3.1% in the 2nd quarter. The market capitalization of the company is at $985.24 Million. JCP's profit will be $158.98 million for 1.59 P/E if the $0.51 EPS becomes a reality. The 9 months bullish chart indicates low risk for the $7.67 billion company. During the same quarter previous year, the business posted ($0.45) earnings per share. In the last earnings report the EPS was $-0.41 with 310.74M shares outstanding. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. The firm's revenue was down 1.8% compared to the same quarter a year ago.

On the other hand J.C. Penney Company Inc (NYSE:JCP) has Relative Strength Index (RSI 14) of 45.11 along with Average True Range (ATR 14) of 0.26. The analysts estimated mean EPS at -0.15 while the high and low EPS estimate stand at 0.11 and -0.27 respectively.

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The company is trading up by 2.52% since yesterday's close of 3.17 and has one of the biggest price gains of the day.

In other news, Director Paul J. Brown acquired 25,000 shares of the business's stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $9.33, for a total value of $361,593.48. Following the completion of the transaction, the director now owns 518,970 shares in the company, valued at approximately $1,889,050.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Sell-side research firms now have a consensus one year price target of ${{t8}} on the stock according to First Call. Teachers Retirement System Of THE State Of Kentucky owns 123,280 shares with a value of $470,000. The disclosure for this purchase can be found here.

Hedge funds have recently made changes to their positions in the business. Finally, Pinebridge Investments L.P. bought a new stake in J.C. Penney Company, Inc. The 1-year high was reported on Nov, 13 by Barchart.com. The stock of J C Penney Company Inc (NYSE:JCP) has "Positive" rating given on Friday, February 10 by Susquehanna. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock valued at $141,000 after buying an additional 2,600 shares during the period. GA ADV increased its position in J.C. Penney by 2.8% in the second quarter. Holding by 7.3% in the first quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator's stock valued at $190,000 after buying an additional 5,000 shares during the period.

Investors are a little more bearish on shares of the company of late at least if you consider the increase in short interest. Holding by 11.6% in the first quarter.

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