As of June 30th, there was short interest totalling 120,923,000 shares, a drop of 6.8% from the May 30th total of 129,811,800 shares. Based on an average daily trading volume, of 7,960,000 shares, the days-to-cover ratio is now 15.2 days. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock.
The stock traded at 98 cents per share at time of publication. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.51 and a quick ratio of 0.24.More news: ESPN reasserts political talk policy after attack on Trump
Department stores like J.C. Penney are trying to reinvent themselves in an era when Americans are buying more online, or turning to discounters like T.J. Maxx for clothing.
The stock has a market capitalization of $342.16 million, a P/E ratio of -0.95 and a beta of 1.58. The business's fifty day moving average price is $1.09. Finance News" published on January 10, 2019 as well as Finance.Yahoo.com's news article titled: "Penney (JCP) Up 19.8% Since Last Earnings Report: Can It Continue? (NYSE:JCP) to report $-0.30 EPS on August, 15.They anticipate $0.08 EPS change or 21.05 % from last quarter's $-0.38 EPS. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.49 billion. Since late 2018, the stock has traded below or slightly above $1 amid management turmoil at the company and a challenging retail environment. The business's revenue was down 5.6% compared to the same quarter a year ago. On average, research analysts expect that J C Penney will post -1.06 earnings per share for the current year.
Several equities research analysts have recently commented on JCP shares. The stock's average target of $1.90 is 115.88% above today's ($0.8801) share price.More news: Videos of Cats Watching the "Cats" Trailer Are Going Viral
In other J C Penney news, Director Javier G. Teruel bought 223,419 shares of the firm's stock in a transaction that occurred on Thursday, June 6th. Following the purchase, the director now owns 1,045,903 shares in the company, valued at $1,024,984.94. Raymond James Financial Services Advisors Inc. now owns 38,407 shares of the department store operator's stock worth $40,000 after purchasing an additional 23,287 shares during the period. GA ADV grew its position in shares of J C Penney by 12.6% during the first quarter. SG Americas Securities LLC now owns 3,885,428 shares of the department store operator's stock worth $5,789,000 after acquiring an additional 3,806,804 shares during the period. The ratio improved, as 73 hedge funds increased or started new stock positions, while 78 decreased and sold equity positions in J C Penney Co Inc. Spark Investment Management LLC raised its position in shares of J C Penney by 83.7% in the first quarter.More news: Eagles agree to terms to re-sign RB Sproles