JC Penney's same-store sales come in above its estimates

Violet Tucker
November 11, 2017

Inc. are soaring today - up almost 15 percent, to $3.16 as of 11:45 a.m. ET - after the firm posted a surprising same-store sales gain of 1.7 percent in the third quarter. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Also, J. C. Penney Company, Inc. Holding by 5.6% in the first quarter.

The news stanched, at least for a moment, an extended selloff in company shares, which accelerated last month when the Plano, Texas-based chain warned that it would be forced to liquidate poor-selling merchandise. Holding in the second quarter worth $190,000. (JCP) stock directed -67.11% toward a lower level throughout a year ago and swapped -20.98% toward a weak spot during past one month.

Data source: J.C. Penney Q3 earnings report. Holding by 9.8% in the second quarter. First Dallas Securities Inc. owns 478,750 shares or 1.63% of their USA portfolio.

The Relative Volume of the company is 1.3 and Average Volume (3 months) is 18.92 million.

Oil prices traded mixed as Brent crude futures rose 0.05 percent to trade at $63.96 per barrel, while US WTI crude futures declined 0.07 percent to trade at $57.13 a barrel. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.45 and a quick ratio of 0.24. Adjusted earnings came in at a net loss of 33 cents a share.

Net sales fell about 2 percent to $2.81 billion but beat the average analyst estimate of $2.77 billion. Analysts anticipate that J.C. Penney will post $0.06 earnings per share for the current year. The firm's revenue was up 1.5% on a year-over-year basis. research analysts forecast that J.C. Penney Company, Inc.

'Send nudes': Facebook builds database to stop revenge porn
Prof Clare McGlynn, from Durham Law School, said that the United Kingdom should establish a similar organisation to Australia's e-safety commission.

Actual Headline: Sheep Recognize Obama
A sheep "model" of Huntington's disease has been bred, displaying similar brain and social changes as witnessed in human patients. The sheep were having two options in each step as a photo of celebrity face or another is of something else.

Twitter doubles length of tweets to 280 characters

JCP has been the topic of a number of analyst reports.

Additionally on 10/30/17 BMO Capital "Maintained" J.C. Penney Company Inc (NYSE:JCP) to Market Perform setting price target at $2.8 and on 10/30/17 B. Riley "Maintained" the stock to Neutral at $3.8. The Company ended the quarter with liquidity of approximately $2.0 billion. J.C. Penney has a variety of initiatives in place to offset these headwinds, but they haven't been sufficient recently. Holding in a research note on Thursday, September 14th. Holding has a 1-year low of $2.35 and a 1-year high of $10.74. Cambridge Investment Research Advisors Inc. raised its position in J.C. Penney Company, Inc. These guidelines do not hold true in all situations, but they are a good general aid in trading decisions.

Sales and earnings are also not as bad as analysts predicted.

Taking a broader look at the analyst consensus, according to 11 analysts Lumber Liquidators Holdings Inc (NYSE:LL)'s price will reach at $31.36 during 52 weeks. Holding stock in a transaction dated Monday, August 21st. Hedge funds and other institutional investors own 71.99% of the company's stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Brown purchased 25,000 shares of the firm's stock in a transaction that occurred on Monday, August 21st. The stock's market cap is $3.06 billion. Following the completion of the purchase, the chief financial officer now owns 72,645 shares in the company, valued at approximately $262,974.90. The disclosure for this purchase can be found here. The firm's revenue was down 1.4% compared to the same quarter previous year.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of worldwide copyright and trademark laws.

Other reports by Guamnewswatch

Discuss This Article