BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock valued at $152,179,000 after purchasing an additional 24,491,676 shares during the last quarter.
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During the third quarter of the year, J C Penney Company Inc reported losses per share of 33 cents. Holding and gave the company a "hold" rating in a report on Friday, August 11th.
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The Details: J. C. Penney Company, Inc.
J. C. Penney Company, Inc.is maintained at an average hold rating by 21 stock analysts, and there are at least 49.94% of shares outstanding that are now legally short sold. Holding and gave the company a "hold" rating in a research note on Sunday, October 29th. Holding Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.C. Penney Company, Inc. Finally, BidaskClub upgraded shares of J.C. Penney Company, Inc. Holding in a research note on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of "Hold" and an average target price of $5.06.
J.C. Penney Company Inc (NYSE:JCP) 52-week high price stands at $10.74 and low price stands at $2.35, its price distance from 52-week high is -74.39% while its distance from 52-week low price is 17.02%. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.45 and a quick ratio of 0.24. The stock has a market capitalization of $975.73, a price-to-earnings ratio of 6.28 and a beta of 0.53.
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J.C. Penney's net loss widened to $128 million, or 41 cents per share, in the quarter ended October 28, from $67 million, or 22 cents per share, a year earlier, partly because of the heavy discounting. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. Revenue of $2.81 billion beat expectations by $40 million, but declined 1.7% year over year. During the same quarter in the prior year, the firm earned ($0.45) EPS. Despite this decline, it still came in above analysts' revenue estimate of $2.74 billion for the third quarter of the year. Holding will post 0.06 earnings per share for the current fiscal year. In the most recent financial results released by J. C. Penney Company, Inc., for the quarter ending on 2017-07-31, the company posted EPS of -0.09. "Holding Company (JCP) a $4.00 Price Target" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece on another site, it was illegally copied and reposted in violation of US & worldwide copyright and trademark laws. Holding has a consensus rating of "Hold" and an average target price of $5.06. Penney needs a decent holiday quarter.
In related news, CFO Jeffrey A. Davis purchased 50,000 shares of the firm's stock in a transaction on Tuesday, August 22nd.
GST rates reduced to 18% from 28 % in 178 items
He also said the Council had been looking at the 28 percent tax slab and constantly rationalising items in it in lesser tax slabs. As expected earlier, the all-powerful council agreed to slash GST rates on restaurant bills from 18 per cent to 5 per cent.