Economy

JC Penney same-store sales rose double what Wall Street expected

JC Penney same-store sales rose double what Wall Street expected

The firm's price-to-sales ratio was noted 0.72 in contrast with an overall industry average of 1.62.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Department stores, which are heavily dependent on clothing sales, are seeing more competition there as Amazon expands further into fashion and off-price chains like T.J. Maxx add more stores. The Company's department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website. Its quick ratio for the most recent quarter is 1.20. During the key period of last 5 years, Sprint Corporation (NYSE:S) earnings per share growth remained at -73.48%.

The company shows its Return on Assets (ROA) value of -1.3%.

Dividends is a reward scheme, that a company presents to its shareholders. Sprint Corporation (NYSE:S) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. During the same quarter in the previous year, the business posted ($0.45) EPS. Blackrock Inc. owns $94.58 million in J. C. Penney Company, Inc., which represents roughly 10.29% of the company's market cap and approximately 16.98% of the institutional ownership. To measure price-variation, we found JCP's volatility during a week at 11.28% and during a month it has been found around 7.06%. Meanwhile the stock weekly performance was subdued at -4.04%, which was down for the month at -14.19%.

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For the third quarter, cost of goods sold, which excludes depreciation and amortization, was $1.85 billion, or 66.0 % of sales, compared to $1.80 billion, or 62.8 % of sales in the same period a year ago.

While an overnight 18% pole-vault may sound like a victory worth celebrating, for a stock like JCP, which was down 67% year-to-date heading into earnings, it's barely a blip on the radar.

Several analysts have released their opinion on J. C. Penney Company, Inc. The firm has a market capitalization of $975.73, a P/E ratio of 6.28 and a beta of 0.53. A total number of 9 analysts provided estimations over revenues. Insiders purchased 310,135 shares of company stock valued at $1,111,391 over the last quarter. A popular tool among technical stock analysts is the moving average. (NYSE:JCP) shares have been recently spotted -74.21% away from the 52-week high, and 17.87% away from the 52-week low mark. At recent session, the prices were hovering between $2.5 and $2.83. Moving averages can be very useful for identifying peaks and troughs. The ADX was introduced by J. Welles Wilder in the late 1970's and it has stood the test of time. After a recent look, the 14-day ATR for Vaporbrands International Inc (VAPR) is resting at 0.00.

Northcoast Research cut shares of J.C. Penney Company, Inc. (NYSE:JCP)'s RSI (Relative Strength Index) is 47.46.


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