Retail Stock To Watch : J. C. Penney Company, Inc. (NYSE:JCP)

J. C. Penney Company, Inc. (NYSE:JCP) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $8.52, down by -0.12%, with a volume of 8,023,001 shares against an average volume for the last 30 days of 10,084,487.

J. C. Penney Company, Inc. (JCP) reported last quarter earnings figures on May 13th. The company announced actual earnings per share of $-0.57 against the consensus Street estimate of $-0.76. This represents a year-on-year increase of earning per share of $0.55 from corresponding quarter of last year. J. C. Penney Company, Inc. posted revenue of $2.86 billion.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

The company is currently valued at $2.6 billion and closed the last trading session at $8.52. The stock has 50-day moving average of $8.64 and a 200-day moving average of $7.95.

J. C. Penney Company, Inc. (NYSE:JCP) is currently trading 24.78% below its 52-week-high, 44.07% above its 52-week-low and in the range of $8.1-$9.39 over the past month. The 1-year range for the stock is $5.9-$11.3. J. C. Penney Company, Inc. (JCP) has a price to book ratio of 1.46 versus S&P 500 average of 2.84. The company’s share price has outperformed the S&P 500 year to date by over 28.8%.

J. C. Penney Company, Inc. (JCP) current short interest stands at 100,645,289 shares. It has increased by 0% from the same period of last month. Around 36.2% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 10,084,487 shares, the number of days required to cover the short positions stand at 9.6 days.

Stock Analyst Perspectives: Click here for a free Trend Analysis Report

There are currently twenty-five analysts that we track that cover JCP. Of those twenty-five, six have a buy rating, ten have a hold rating, and nine have a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $9.16 which represents an upside of 7.72% from the last closing price of $8.5.

Buckingham Research Group upgraded their recommendation tobuy on July 22nd, with a target price of $12, which represents an upside of 41.18% from the last closing price. Another research firm, Piper Jaffray, maintained their overweight stance on July 08th, with a target price of $15, which translates into an upside of 76.47%. Finally, EVA Dimensions upgraded their recommendation tooverweight on May 15th.

Company Profile

J.C. Penney Company, Inc., through a subsidiary, operates department stores in the United States and Puerto Rico. The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet. JCPenney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings.

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