J.C. Penney (JCP) Hits Multi-Year Lows as Patience Wears Thin
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Nomura Securities Slashes Numbers on J. C. Penney (JCP), Co. Many Need to Draw on Revolver
November 13, 2012 8:44 AM ESTNomura Securities slashed estimates and its price target on Neutral-rated J. C. Penney (NYSE: JCP) from $26 to $18.
"Despite weak financial results, JCP is moving forward with its transformational strategy, albeit with some mid-course corrections," analyst , Paul Lejuez notes. "The hope is... More
From Worrying About a J. C. Penney (JCP) Turnaround to Worrying About Everything; DB Highlights 3 Things to Watch
November 12, 2012 3:03 PM ESTOn the back of weak earnings and just plain dismal sales, Friday's muted stock reaction in J. C. Penney (NYSE: JCP) suggested to shareholders a bottom might finally be in. Monday though has been different story. Shares of the baffled retailer are down 11.7 percent to a new three-year low as worries mount.
Analyst at Deutsche Bank said highlighted three points for investors to watch.
#1. Days Payable Outstanding (DPO) - The firm said DPO is "OK" for now, but bears monitoring. They comment: "We took a closer look at JCP's DPO... More
Credit Suisse Downgrades J. C. Penney (JCP) to Underperform
November 12, 2012 6:56 AM ESTCredit Suisse downgraded J. C. Penney (NYSE: JCP) from Neutral to Underperform.
For an analyst ratings summary and ratings history on J. C. Penney click here. For more ratings news on J. C. Penney click here.
Shares of J. C. Penney closed at $20.64 yesterday, with a 52 week range of $19.06-$43.18.... More
J.C. Penney (JCP) Cut to B- from B+by S&P, Outlook Stable
November 9, 2012 4:51 PM ESTJ.C. Penney Co., Inc. (NYSE: JCP) cut to B- from B+by S&P, outlook stable.... More
J.C. Penney (JCP) CFO Hannah Comments on Conf. Call; Says Transformed Stores Generate 2x Revs of Unchanged
November 9, 2012 9:00 AM ESTJ.C. Penney (NYSE: JCP) shares remain lower ahead of the bell Friday following fiscal third-quarter 2012 results issued ealier.
Executives are currently speaking on the company's quarterly conference call. The following is a brief summary ofCFO Ken Hannah's comments:JCP lost 2... More
J.C. Penney Co., Inc. (JCP) Posts Wide Q3 Loss of $0.93; Sales Light of Views
November 9, 2012 7:02 AM ESTJ.C. Penney Co., Inc. (NYSE: JCP) reported Q3 adjusted net loss of ($0.93), $0.86 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $3.27 billion.
Comparable store sales for the third quarter declined 26.1 percent and total sales decreased 26.6... More
