Department store giant J.C. Penney is planning to close 130 to 140 stores and two distribution centers. J.C. Penney told investors Friday that it would shutter the locations over the next few months, Fortune reports. The figures represent …
J.C. Penney Co. Inc. (NYSE: JCP) stock soared 25% in after-hours trading today after the company reported a first-quarter earnings per share (EPS) loss of $1.16 on $2.8 billion in revenue. That beat consensus estimates that had JCP pegged …
BTIG analyst William Frohnhoefer issued a "buy" rating, making him one of the few analysts to recommend purchasing J.C. Penney's stock. Frohnhoefer also set a price target of $22 per share. That's more than 40% higher from where J.C. …
Penney’s stock closed down 1.4% to $13.17. Since Ackman’s announcement, volumes of J.C. Penney stock being borrowed to sell it short has climbed to the highest level on record as tracked by SunGard’s Astec Analytics, which …
The Thomson Reuters First Call FY2012/FY2013 EPS estimates for JCP are $1.61 to $1.90, and each looks about 5% low, according to my analysis. Stock Category: JC Penney is ideal for those investors seeking a moderate-risk, consumer …
J.C. Penney Company, Inc. (NYSE:JCP) is raising as much as $932 million from selling equity. The embattled department store chain is offering 84 million shares of its common stock to the public for $9.65 per share. According to J.C. …
Shares of J.C. Penney (JCP) rose more than 5% Monday and are on track to close at their highest price since last September. The stock is now up nearly 20% in 2014. The stock is also doing as well as much healthier competitors …
J.C. Penney Co.'s depressed stock regained some ground Tuesday after the company said it was “making solid progress in its turnaround.” In a self-issued report card, the department store chain said it anticipates that it will have more than …
There are plenty of jitters heading into J.C. Penney\’s quarterly release after the close of the market Wednesday. The stock traded down 1.2% in a broadly higher market. It was also among the most actively traded stocks in the retail sector, …