JC Penney Company Incorporated (NYSE:JCP) Shorted Shares Increased By 2.07%

J.C. Penney has been a turnaround story for more than three years, and this negative reaction to earnings pushed the stock into bottom-basement territory, solidly below the important $5 a share threshold. Finally, World Asset Management Inc boosted its stake in J.C. Penney Company, Inc. Louisiana State Employees Retirement Systems invested in 0.03% or 76,200 shares. Over the past 2 quarters, J. C. Penney Company, Inc. Teton Advsr owns 10,000 shares or 0% of their U.S. portfolio. Blackrock Inv Management Ltd Llc reported 265,428 shares. Its up 2.07% from 110.73 million shares, reported previously. One Trading Lp has 392,656 shares for 0.03% of their portfolio.

In terms of guidance for the 2017 full year, EPS are expected to be between $0.40 and $0.65, and comparable sales are expected to be in the range of -1% to 1%.

JCP has been the topic of several other research reports. Vanguard Group Inc. increased its position in J.C. Penney Company, Inc. Geode Cap Mngmt Ltd Liability Corporation accumulated 568,925 shares or 0.01% of the stock. As of the latest earnings report the EPS was $-0.36 and is projected to be $0.49 for the current year with 309,996,000 shares now outstanding. Holding (JCP) traded up 0.18% on Thursday, reaching $5.44. About 20,972 shares traded. It has underperformed by 56.70% the S&P500. It increased, as 26 investors sold CST Brands Inc shares while 76 reduced holdings. The department store operator reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.27. Company fiscal year is ending in December and analysts’ consensus recommendation is Outperform for XEC and estimated EPS for next quarter is $ 0.95. Holding (NYSE:JCP) last posted its quarterly earnings results on Friday, August 11th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of J.C. Penney Company, Inc. Ellison, who became CEO two years ago, called out home goods, jewelry, shoes, handbags, Sephora beauty shops and its salon business as better performers, but made no mention of appliances, a big bet by the former Home Depot (hd) executive, in his statement. Telsey Advisory Group raised their price objective on shares of J.C. Penney Company, Inc. Therefore 23% are positive. Northcoast Research also issued estimates for J.C. Penney Company, Inc. They presently have a $5.00 target price on the department store operator’s stock, down from their previous target price of $7.00.

On 10 August 2017, J C Penney Company Inc (NYSE:JCP) stock price started the day at $5.04 and moved between $4.68 – 5.04 to finally close at $4.71. Holding and gave the company a hold rating in a report on Saturday, May 13th. The company was maintained on Friday, May 6 by JP Morgan. Holding from a “buy” rating to a “hold” rating in a report on Monday. The stock of J C Penney Company Inc (NYSE:JCP) earned “Underweight” rating by Morgan Stanley on Thursday, August 18.

Nordstrom stood alone, reporting that its same-store sales rose in the most recent quarter, when it held its annual anniversary sale. Holding from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. (NASDAQ:SGYP)’s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The stock has “Hold” rating by Jefferies on Wednesday, August 2.