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Liberty Media – Series C Liberty Formula One (FWONK) Reaches $38.77 After 8.00% Up Move; JC Penney Co (JCP)'s ...

Liberty Media – Series C Liberty Formula One (FWONK) Reaches $38.77 After 8.00% Up Move; JC Penney Co (JCP)'s ...

Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.34 and $1.5 respectively.

Past 5 years growth of ANF observed at -48.50%, and for the next five years the analysts that follow this company is expecting its growth at 18.00%. Firm's net income measured an average growth rate of 14.90%. Holding from a "hold" rating to a "sell" rating in a research report on Wednesday, October 11th.

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Analysts have given a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Investors didn't have much hope for J.C. Penney's (NYSE: JCP) third-quarter earnings report after the department store operator released a terrible financial update in late October. Following the completion of the purchase, the director now directly owns 518,970 shares of the company's stock, valued at approximately $1,889,050.80. The mean target price as estimated by the analysts for the company has been recorded at $5.44. Many traders will use a combination of moving averages with different time frames to help review stock trend direction.

Sprint Corporation (NYSE:S) market capitalization at present is $23.77B at the rate of $6.17 a share.

EU Commission: Βudget surplus, lower public debt and unemployment in Greece
The commission projected headline inflation to slow to 1.4 percent in 2018 and to tick slightly higher to 1.6 percent in 2019. Investment on the other hand is set to be sustained by the residential construction sector, which will grow further in 2018.

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.

Overall, total revenues declined 1.8 percent, to $2.8 billion, besting analysts' forecasts for revenues of $2.7 billion. At one point in the past year, the shares traded as low as $0.37 but has recovered 170.27% since then.

Penney's net loss almost doubled to $128 million from $67 million a year earlier, due to the inventory clearance as well as, among other things, store closing costs. Revenue, on the other hand, scored 4.95% growth from the previous quarter, coming up with $2.84 billion. The shares were acquired at an average cost of $3.64 per share, with a total value of $491,891.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. First Dallas Securities Inc. owns 478,750 shares or 1.63% of their USA portfolio.

Large investors have recently added to or reduced their stakes in the stock.

ILLEGAL ACTIVITY NOTICE: "J.C. Penney Company, Inc". The shares went down by -29.1% in value last month. There's heightened competition from rival e-commerce site JD.com, which has partnerships with Tencent Holdings Ltd. and Baidu Inc.to drive traffic. BlackRock Institutional Trust Company N.A. raised its stake in J.C. Penney by 20.0% in the second quarter. The stock's price to sales ratio for trailing twelve months is 0.26 and price to book ratio for the most recent quarter is 0.72, whereas price to cash per share for the most recent quarter are 2.01. Finally, Deutsche Bank AG raised their target price on J.C. Penney Company, Inc. Bank of New York Mellon Corp now owns 3,689,064 shares of the department store operator's stock valued at $17,154,000 after purchasing an additional 329,909 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in J.C. Penney Company, Inc.

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