JC Penney (JCP) Easy Comps Not Enough to Fix Industry Pressures - UBS
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Baird Upgrades J. C. Penney (JCP) to Outperform
May 16, 2016 6:36 AM EDTBaird upgraded J. C. Penney (NYSE: JCP) from Neutral to Outperform with a price target of $12.00 (from $11.00).
For an analyst ratings summary and ratings history on J. C. Penney click here. For more ratings news on J. C. Penney click here.
Shares of J. C. Penney closed at $7.58 yesterday.
... MoreCowen Cuts Price Target on J.C. Penney (JCP) Following 1Q earnings
May 13, 2016 2:33 PM EDTCowen maintained a Market Perform rating on J. C. Penney (NYSE: JCP), and cut the price target to $9.00 (from $11.50), following the company's 1Q earnings report. JCP reiterated its original EBITDA guidance of $1B and adjusted EPS to be positive as well as... More
J.C. Penney (JCP) puts were more active than calls into Q1 results and lower 2016 guidance
May 13, 2016 8:46 AM EDTJ.C. Penney (NYSE: JCP) is recently down 81c to $6.99 in the premarket after reporting less than expected Q1 revenue and lower than expected FY16 guidance. May call option implied volatility is at 304, May is at 122, June is at 70; compared to its 52-week range of 35 to 80.
... MoreJ.C. Penney (JCP) Says Same-Store Sales up Last Two-Weeks of April
May 13, 2016 8:37 AM EDTJ.C. Penney (NYSE: JCP) says comps rose in the last two-weeks of April. Same-store sales were also up in February, but down in March.
Comments come from the company's conference call on Friday.
... MoreJ.C. Penney (JCP) Tops Q1 EPS by 6c; Comps Fell 0.4%; FY16 Guidance Updated
May 13, 2016 7:32 AM EDTJ.C. Penney (NYSE: JCP) reported Q1 EPS of ($0.32), $0.06 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $2.81 billion versus the consensus estimate of $2.92 billion.
Comparable sales were (0.4) % for the first quarter.
Marvin R. Ellison, chief executive officer, said, "The first quarter was clearly challenging from a sales perspective. Although our business was not immune to the issues facing other retailers, I am pleased that we... More
