Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
9/14 note
J.C. Penney Company, Inc. Holding Company (NYSE:JCP) has been assigned a consensus rating of “Hold” from the twenty-six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $5.65.
9/12 note
From Yahoo Finance article
"JCPenney’s fiscal 2017 sales are expected to fall 1.5% to $12.4 billion in fiscal 2017. Analysts expect the company’s adjusted EPS to come in at $0.43 in fiscal 2017—up from $0.08 in fiscal 2016."
For what its worth ????
Thur am news
Fin channel talking about the great retail comeback this morning.
The heard will be coming. Pumpers are starting the pump
Purchased at $3.62
Thats two officers buying so far
Normally thats a good sign but news keeps telling the world Amazon going to take over
I think its time to short amazon
When folks figure out its cheaper to buy thru store and have it picked up at store Amazon will take a hit??
Price jump
If correct the purchase today by Chairman of 100.000 started the rally up ???
Interesting article
JCPenney Stock Continues to Fall after Its Fiscal 2Q17 Results
JCPenney Stock Continues to Fall after Its Fiscal 2Q17 Results
Why Did JCPenney’s Losses Widen in Fiscal 2Q17?
By Sharon Bailey | Aug 16, 2017 6:44 am EDT
JCPenney (JCP) reported a loss per share of $0.09 on an adjusted basis in fiscal 2Q17, which ended on July 29, 2017. Analysts were expecting the company’s fiscal 2Q17 loss to come in at $0.05 per share. JCPenney’s adjusted loss per share in fiscal 2Q17 was also higher than its adjusted loss of $0.05 per share in fiscal 2Q16.
What impacted the bottom line?
JCPenney’s adjusted loss per share was higher on a year-over-year basis in fiscal 2Q17 due to the impact of inventory liquidation at its closing stores. In fiscal 2Q17, JCPenney closed and liquidated inventory in 127 of the 138 stores that it intends to close in fiscal 2017.
Inventory liquidation offset 1.5% growth in the company’s fiscal 2Q17 sales. We’ll discuss JCPenney’s sales in Part 3 of this series.
Guidance intact
Despite the higher-than-expected loss in fiscal 2Q17, JCPenney kept its adjusted EPS guidance intact for fiscal 2017. The company expects its adjusted EPS to be $0.40–$0.65 for fiscal 2017. JCPenney delivered an adjusted EPS of $0.08 in fiscal 2016.
Agree dropping bad. Reason unknown??? Seems whole retail industry being driven down. Does not make sense?
Need to change to New Low $3.52 8/11
Listened to call.Did get a $.20 pop in stock price during call. They reafirmed guidence going forward of $40 to.65 cents cash flow.
Overall bad morning. Will take some time to regain losses
Yes I think they will post good news. Think it a combination of how presented and the news.
See getting a Nordstrum pop after hours? Up more after hours than the whole day.
Have to get up early tomorrow
Cheers all
After driving down then what and why?
If tomorrow earnings are good wont they get burnt?
Down premarket this am ??
Don't understand why JCP down this am after Kohls reports.
I thought we might get a little rub of due to good news?
Is Macys news dragging down?
Shorts pushing down one more time before great news tomorrow??
Cheers
Kohl's
Reported better than expected profit this am
Macy's appears down
Bummer
Looks like we are going to have another down day?? 2 down days in a row not good. Market it self is down?? may have some bearing ?????? Need to get back up to $5.50 and hold or go thru ???
Cheers
Decimal point in wrong place
$6.50 is better and more doable
Great day to be in JCP
Big ? is why dump and then charge back??
Think this is largest one day gain??since 7/13
WOW What a opening
Didn't expect that drop at open.
Had planed to buy back in being I hit my target last week on Fri's high.
Down so fast had trouble changing limit price fast enough to get in
So big question is will we pop back before earnings?
I think we will gain some back before the day is over and pop next day or 2 ????
Symbol
Is there a new symbol VNR trading on yet?
It would be interesting to determine what the institutions need in the way of a return on there money. I am sure they have a plan on when to sell?? I am thinking that like any good trader they go into a trade with certain expectations ?????????? Dont think they are in for just 1-2 % on there money???????????????
Any body know some professional traders that could enlighten us?????????
Cheers
Dream on
I think $6-7 would be nice before earnings.
Starting to think we wont get much of a pop with earnings because it has all ready run up a lot in anticipation???
I think earnings will show some improvement but still have the debt to deal with. There is a future but think it is a couple more years out???
Throw in a world event and all bets are of.
Cheers
Party over??
Looks like been knocked down but not coming back as strong.
Everyone leave?
Think we have seen last big sell of going into earnings??
Might get one more little sell of?
If get big sell of some one has info that not going to be good??IMO
Cheers
Contrarian play
Motly fool callingJCP contrarian play
The bears often compare JC Penney to Sears Holdings (NASDAQ:SHLD). But I think that comparison is unfair -- JC Penney is implementing numerous turnaround strategies, while Sears is mostly treading water by closing stores.
On the surface, JC Penney's numbers look weak -- its revenue rose 3% in fiscal 2015, but fell 1% in 2016. Comps growth remained flat last year. Wall Street is expecting top line declines for both 2017 and 2018. On the bright side, JC Penney posted its a full-year profit in 2016, thanks to cost-cutting and streamlining strategies, and its earnings should stay in the black for the next two years.
JC Penney plans to boost sales by expanding its home improvement and athletic apparel departments, offering more plus-size apparel, and upgrading its website and analytics capabilities. It also added toy shops, unveiled a B2B program for selling furnishings to hotels, and expanded its Sephora in-store locations. This scattershot strategy might widen its moat against Amazon, but it remains an uphill battle.
Nonetheless, JC Penney looks very cheap at 0.1 times sales and 19 times forward earnings. If the retailer can stop its bleeding, as Wall Street's forecasts suggest, it could be an impressive comeback play.
Vote
Recieved in mail vote for Directors and more stock options for directors etc
Hope evey one votes NO untill this company becomes profitable.
Dont think a down hill ride deserves a pay increase
VOTE NO NO NO NO NO
CNBC Notes
This am CNBC half time report had Dan Tesley on via phone discusing JCP. Good news as a top pick for her due to sales up and good new CEO
Est from panel was $7
Also see a Zacks report up talking good about JCP
Also appears to be lot of short covering
Cheers all
There went our dividend
Agree
? do we hold going into earnings?
Seems a lot of antisipation for better times driving stock?
I dont care what they throw as long as stock goes up.
Has been good 10 days
Maybe we should get them to throw a small dividend to get the party started?
Cheers
Headwind
Not a nice sign this am??
Bearish flow noted in J C Penney(JCP) with 3,002 puts trading, or 3x expected. Most active are Aug-17 5 puts and 7/28 weekly 5.5 calls, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 5.47, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 11th
What is your time frame??
Looks like the $5.15 resistance will be chalange?
Only thing that will make this pop good is GOOD earnings
Big question is weather to hold going into earnings??????????
Cheers
End of day
Looks like some one sold lots stock end of day but funny just before close and after hours stock got bought back in large lots
I think we have seen the lows for today and going forward untill earnings?
Unless market gets spoked for some reason ????
Crystal Ball
Crystal ball and wigie board said go at 4.88
Love charts
Now It can go back up on way to earnings in 3 weeks?
Any theory on whisper numbers and when they will start to rumor out
Down to ?
Well has been interesting day
Took out day low, then Mon low, curently working on Fri low of $4.88.
Will it hold?
Cheers
Going to break $5
Looking like buyers are getting fewer????
Bottoms at $5.02, 5.01 and now 5
Volume seems down ??
I see last min of trading a 102,789 share dump then 3 min into after hours a 191,595 dump. Interesting
The daily volume was down for the day also
Monday will be interesting
cheers
Agree, will buy back in JCP after good corection.
I do think JCP will post good numbers for this stage of there recovery
Cheers
Tend to agree, but waiting for good down day in market to see if holds.
Hope it has one more down day to get back in and ride into earnings
cheers
Think it will fade back down to 4.60 next couple days???