(NYSE:JCP) in a research report sent to investors on Monday morning. Ameriprise Financial Inc. now owns 1,629,688 shares of the department store operator's stock valued at $7,577,000 after purchasing an additional 789,312 shares during the last quarter. Vetr upgraded shares of J.C. Penney from a buy rating to a strong-buy rating and set a $10.35 price objective on the stock in a report on Monday, October 3rd. "We expect 29% to 35% year-over-year increase in gross merchandise volume growth for this event, as the company benefits from strong online consumer demand driven by aggressive Tmall promotions, a large increase in participating global brands, and contribution from the New Retail marketing effort", wrote analysts led by Youssef Squali.
Sprint Corporation (NYSE:S) market capitalization at present is $23.77B at the rate of $6.17 a share. Firm's net income measured an average growth rate of 14.90%.
Data source: J.C. Penney Q3 earnings report. They issued a neutral rating on the stock.
Investors didn't have much hope for J.C. Penney's (NYSE: JCP) third-quarter earnings report after the department store operator released a awful financial update in late October.
On a more encouraging note, free cash flow was roughly flat on a year-over-year basis, as J.C. Penney's inventory reduction efforts offset the negative impact of posting lower earnings. Extending back, their 50-Day Simple Moving Average is -14.35%, looking even further back, their 200-Day Simple Moving Average stands at -37.74%. The shares were acquired at an average price of $3.62 per share, with a total value of $90,500.00.
According to analysts J.C. Penney Company Inc (NYSE:JCP)'s minimum EPS for the current quarter is at $-0.31 and can go high up to $-0.1.
J.C. Penney Co. reported a loss of $128 million, or 41 cents, for the quarter.
Lumber Liquidators Holdings Inc (NYSE:LL) has average revenue estimates of $261.66 Million, compared to low analyst estimates of $257.8 Million and high estimates of $265.7 Million for the current quarter. Now it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%.
J.C. Penney's third quarter comparable store sales came in above its own forecast as the department store retailer cited home products as among the top performers in the three month period ended October 28. Holding news, Chairman Marvin R. Ellison purchased 100,000 shares of the stock in a transaction on Friday, August 18th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock. Finally, Quantitative Investment Management LLC bought a new stake in J.C. Penney Company, Inc.
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