J. C. Penney Company, Inc., through its subsidiary J. C. Penney Corporation, Inc., sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services. As of February 3, 2018, it operated 872 department stores in 49 states of the United States and Puerto Rico. The company also sells its products through its Website, jcpenney.com. J. C. Penney Company, Inc. was founded in 1902 and is based in Plano, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Department stores
Sub-IndustryDepartment Stores
SectorRetail/Wholesale
SymbolNYSE:JCP
CUSIP70816010
Phone972-431-1000
Debt
Debt-to-Equity Ratio3.43
Current Ratio1.63
Quick Ratio0.20
Price-To-Earnings
Trailing P/E Ratio8.91
Forward P/E Ratio-2.36
P/E GrowthN/A
Sales & Book Value
Annual Sales$12.51 billion
Price / Sales0.05
Cash Flow$1.9798 per share
Price / Cash0.99
Book Value$4.43 per share
Price / Book0.44
Profitability
EPS (Most Recent Fiscal Year)$0.22
Net Income$-116,000,000.00
Net Margins-0.43%
Return on Equity-8.98%
Return on Assets-1.34%
Miscellaneous
Employees98,000
Outstanding Shares314,290,000
Market Cap$634.87 million
J C Penney (NYSE:JCP) Frequently Asked Questions
What is J C Penney's stock symbol?
J C Penney trades on the New York Stock Exchange (NYSE) under the ticker symbol "JCP."
How were J C Penney's earnings last quarter?
J C Penney Company Inc (NYSE:JCP) posted its quarterly earnings results on Thursday, August, 16th. The department store operator reported ($0.38) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.32. The department store operator earned $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. J C Penney had a negative net margin of 0.43% and a negative return on equity of 8.98%. The firm's quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. View J C Penney's Earnings History.
When is J C Penney's next earnings date?
What price target have analysts set for JCP?
18 brokerages have issued 1-year price targets for J C Penney's stock. Their forecasts range from $1.00 to $10.00. On average, they expect J C Penney's share price to reach $3.0962 in the next twelve months. This suggests a possible upside of 58.0% from the stock's current price. View Analyst Price Targets for J C Penney.
What is the consensus analysts' recommendation for J C Penney?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for J C Penney in the last year. There are currently 4 sell ratings and 14 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for J C Penney.
What are Wall Street analysts saying about J C Penney stock?
Here are some recent quotes from research analysts about J C Penney stock:
- 1. According to Zacks Investment Research, "Shares of J. C. Penney have plunged and underperformed the industry in the past three months. The stock’s bearish run on the bourses can be attributed to continued dismal show in fiscal 2018. The second-quarter performance is the testimony of the same, wherein top line not only missed the Zacks Consensus Estimate but also fell year over year, while net loss widened and also fared unfavorably with the consensus mark. A contraction in gross margin also add to the woes. Cumulatively, these compelled management to slash fiscal 2018 view again. The company expects gross margin to remain under pressure on account of right sizing of inventory levels. The only bright spot in the quarter was comps growth of 0.3% for the first time in two years. We believe focus on enhancing the reach of national and private-label brands, store remodeling and refurbishment, merchandise initiatives, omni-channel endeavors and favorable pricing actions bode well." (8/21/2018)
- 2. Guggenheim analysts commented, "We lower our FY18/19 ests. to reflect a more conservative view on op. margin improvement. JCP also announced strategic realignment/expense reduction actions (360 job cuts; JCP ests. ~$20-25mn annual cost savings). We remain NEUTRAL." (3/2/2018)
- 3. Citigroup Inc analysts commented, "gained traction in any cohesive way," and the likelihood of any improvements in an already difficult environment is unlikely.For the most part, the company's strategy of focusing on home goods and appliances for the past year and a half has boosted comps by 200 to 300 basis points, the analyst said. However, this also implies that the rest of the business has weakened over the same time period. Also, big-ticket appliance sales come with a weaker margins profile and also sends a mixed message to apparel, accessories and footwear consumers, which accounted for 80 percent of sales in 2016."Do women think of buying clothes at the same place they buy a fridge?" (10/30/2017)
Are investors shorting J C Penney?
J C Penney saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 135,577,846 shares, an increase of 3.3% from the August 15th total of 131,239,763 shares. Based on an average daily volume of 21,144,540 shares, the days-to-cover ratio is presently 6.4 days. Currently, 44.2% of the shares of the company are sold short. View J C Penney's Current Options Chain.
Who are some of J C Penney's key competitors?
Some companies that are related to J C Penney include Dillard's (DDS), Hudson's Bay (HBC), LIVEPOL/BRSH MXN (ELPQF), Hudson's Bay (HBAYF), Myer (MYR), Debenhams (DEB), McColl's Retail Group (MCLS), Sears (SHLD), Sears Hometown and Outlet Stores (SHOS), Aumake International (AU8), Laura Ashley (ALY), Sears Canada (SRSCQ), SHOPRITE HOLDIN/S (SRGHY) and WOOLWORTHS HOLD/GDR (WLWHY).
Who are J C Penney's key executives?
J C Penney's management team includes the folowing people:
- Mr. Jeffrey A. Davis, Exec. VP & CFO (Age 55)
- Mr. Andrew S. Drexler, Sr. VP, Chief Accounting Officer & Controller (Age 47)
- Ms. Therace M. Risch, Exec. VP and Chief Information & Digital Officer (Age 45)
- Mr. Michael Robbins, Exec. VP of Private Brands & Supply Chain (Age 52)
- Ms. Brandy L. Treadway J.D., Sr. VP & Gen. Counsel (Age 43)
Who are J C Penney's major shareholders?
J C Penney's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.29%), Contrarius Investment Management Ltd (4.65%), Newport Trust Co (4.39%), Aristotle Fund L.P. (1.98%), Strs Ohio (1.78%) and Bank of New York Mellon Corp (1.66%). Company insiders that own J C Penney stock include Javier G Teruel, Jeffrey A Davis, John Joseph Tighe III, Marvin R Ellison and Paul J Brown. View Institutional Ownership Trends for J C Penney.
Which major investors are selling J C Penney stock?
JCP stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, California Public Employees Retirement System, Hodges Capital Management Inc., Municipal Employees Retirement System of Michigan, Gabelli Funds LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp and First Dallas Securities Inc.. View Insider Buying and Selling for J C Penney.
Which major investors are buying J C Penney stock?
JCP stock was bought by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, BlackRock Inc., Aristotle Fund L.P., Strs Ohio, Schwab Charles Investment Management Inc., IPG Investment Advisors LLC, Newport Trust Co and BNP Paribas Arbitrage SA. Company insiders that have bought J C Penney stock in the last two years include Javier G Teruel, Jeffrey A Davis, Marvin R Ellison and Paul J Brown. View Insider Buying and Selling for J C Penney.
How do I buy shares of J C Penney?
Shares of JCP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is J C Penney's stock price today?
One share of JCP stock can currently be purchased for approximately $1.96.
How big of a company is J C Penney?
J C Penney has a market capitalization of $634.87 million and generates $12.51 billion in revenue each year. The department store operator earns $-116,000,000.00 in net income (profit) each year or $0.22 on an earnings per share basis. J C Penney employs 98,000 workers across the globe.
What is J C Penney's official website?
How can I contact J C Penney?
J C Penney's mailing address is 6501 LEGACY DRIVE, PLANO TX, 75024. The department store operator can be reached via phone at 972-431-1000 or via email at [email protected]
MarketBeat Community Rating for J C Penney (NYSE JCP)
MarketBeat's community ratings are surveys of what our community members think about J C Penney and other stocks. Vote "Outperform" if you believe JCP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe JCP will underperform the S&P 500 over the long term. You may vote once every thirty days.
