|Bid||1.45 x 28000|
|Ask||1.46 x 29200|
|Day's Range||1.44 - 1.53|
|52 Week Range||1.42 - 4.75|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 8, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.58|
Its short interest is about where it was during the worst of the Ron Johnson era, when that former Apple Inc. executive became CEO and made unpopular changes that devastated sales. If J.C. Penney doesn't manage to deliver real progress during the holiday spending blitz, I suspect already-fragile investor confidence is going to erode very quickly. For one, as I've noted previously, the strong economic backdrop should provide a powerful tailwind to the retail industry overall this holiday season.
Sears is closing stores again after filing for bankruptcy. J.C. Penney needs to seize this opportunity to gain market share and revitalize comp-sales growth.
Most analysts currently have a “hold” recommendation for JCPenney (JCP) stock. The mid-tier department store chain was rated a “hold” by 75%, or 12 out of 16, analysts covering the stock. JCPenney stock was rated a “sell” by four analysts as of October 12.
Can New CEO Bring JCPenney Back on Track? JCPenney (JCP) disappointed its investors with a higher-than-expected loss in the second quarter of fiscal 2018, which ended on August 4. The company’s second-quarter adjusted loss per share of $0.38 was way higher than analysts’ estimate of a loss per share of $0.06.
Lowe’s (ticker: LOW) has the best chance in more than a decade to close the gap with (HD) (HD), says Wedbush. Where we were: Lowe’s has long trailed behind its bigger rival, in large part due to self-inflicted problems. Where we’re headed: New leadership and shareholder activism may finally be the catalysts Lowe’s needs to make necessary changes, says Wedbush.
Sears Holdings has filed for bankruptcy protection and plans to shutter another 142 stores before the year is over. Analysts say J.C. Penney, Walmart, Kohl's and others should benefit from the department store chain's demise. With Sears Holdings SHLD filing for bankruptcy protection and planning to shutter another 142 stores before year-end, that leaves some market share up for grabs among the retailers' rivals, especially those in the business of selling appliances and tools.
Can New CEO Bring JCPenney Back on Track? A challenging retail environment forced JCPenney (JCP) to book markdowns in the second quarter, causing a contraction in the company’s gross margin during the quarter. JCPenney’s gross margin fell significantly to 33.7% in the second quarter of fiscal 2018 from 35.3% in the second quarter of fiscal 2017.
Can New CEO Bring JCPenney Back on Track? JCPenney’s (JCP) net sales declined 7.5% in the second quarter of fiscal 2018, which ended on August 4, causing a 6.0% fall in the net sales for the first half of fiscal 2018. JCPenney’s same-store sales increased 0.3% in the second quarter and 0.2% in the first half of fiscal 2018.
JCPenney (JCP) stock has risen 12.8% since the company announced the appointment of Jill Soltau as its new CEO on October 2. Investors welcomed the news of a new CEO who has about three decades of solid experience in the retail industry, which has included positions in companies like Shopko Stores, Sears (SHLD), and Kohl’s (KSS). Most recently, Jill Soltau was president and CEO of Jo-Ann Stores.
The retailing giant, which includes its eponymous department store and the Kmart discount chain, said Monday it has filed for Chapter 11 bankruptcy. It is set to close 142 unprofitable stores near the end of the year and Eddie Lampert, the financier who is its largest shareholder, is stepping down from his role as CEO. The company — formed by Lampert in a 2005 merger of two storied but struggling shopping empires — had been withering practically since its inception.
ANGI, J.C. Penney, Semtech, Mellanox and Vishay Intertechnology highlighted as Zacks Bull and Bear of the Day
Major indexes fell on October 10 due to investors’ fears about rising rates. The S&P 500 (SPY) fell 3.3%, while the Dow Jones fell 3.2% on October 10. However, JCPenney (JCP) stock rose 6.6% on October 10 due to news about the company extending its agreement with Synchrony Financial (SYF) regarding a marketing and servicing alliance for JCPenney’s credit card program. The amended agreement between the two companies extends the term of JCPenney’s credit card program until January 2027.
Shares of J. C. Penney were flying higher on news that it has expanded its strategic partnership with Synchrony while shares of Sears went to record lows on news that it may be preparing for bankruptcy. J. C. Penney Company, Inc. shares closed up 6.59% on about 30 million shares traded yesterday. It was a day of celebration for the apparel and home retail chain after the company announced a multi-year extension of their strategic partnership with Synchrony.
Synchrony (NYSE: SYF) and JCPenney (NYSE: JCP) today announced a multi-year extension of their strategic partnership bringing together data analytics and consumer financial services expertise to continue to offer JCPenney customers financing options and personalized customer experiences. Synchrony and JCPenney have partnered for nearly two decades to offer a private label credit card program and a JCPenney Mastercard Dual Card.
General Mills, JCPenney, and Procter & Gamble could all lose customers to Amazon’s growing portfolio of private label brands.
Investors need to pay close attention to J. C. Penney (JCP) stock based on the movements in the options market lately.