J.C. Penney (JCP) CFO Hannah Comments on Conf. Call; Says Transformed Stores Generate 2x Revs of Unchanged

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Go back to J.C. Penney (JCP) CFO Hannah Comments on Conf. Call; Says Transformed Stores Generate 2x Revs of Unchanged

Nomura Securities Slashes Numbers on J. C. Penney (JCP), Co. Many Need to Draw on Revolver

November 13, 2012 8:44 AM EST

Nomura 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 EST

On 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

J.C. Penney (JCP) Hits Multi-Year Lows as Patience Wears Thin

November 12, 2012 11:10 AM EST

Shares of J.C. Penney (NYSE: JCP) are trading at lows not seen since early 2009. Today's downturn extends Fridays losses which came on the heels of disappointing third quarterly earnings and dismal sales numbers that are exacerbated fears that the company's so-called turnaround isn't materializing.
... More

J.C. Penney Co., Inc. (JCP) Posts Wide Q3 Loss of $0.93; Sales Light of Views

November 9, 2012 7:02 AM EST

J.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