J. C. Penney Company, Inc. (JCP) Reaches $3.80 After 5.00% Up Move; Dreyfus High Yield Strategies Fund Has 2.5 Sentiment

February 15, 2018 - By David Stenberg

The stock increased 0.47% or $0.01 during the last trading session, reaching $3.18. About 72,280 shares traded. Dreyfus High Yield Strategies Fund (DHF) has risen 9.06% since February 15, 2017 and is uptrending. It has underperformed by 7.64% the S&P500.

The stock of J. C. Penney Company, Inc. (NYSE:JCP) is a huge mover today! The stock increased 2.98% or $0.11 during the last trading session, reaching $3.8. About 4.08M shares traded. J. C. Penney Company, Inc. (NYSE:JCP) has declined 40.00% since February 15, 2017 and is downtrending. It has underperformed by 56.70% the S&P500.The move comes after 8 months positive chart setup for the $1.18 billion company. It was reported on Feb, 15 by Barchart.com. We have $3.99 PT which if reached, will make NYSE:JCP worth $59.20M more.

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $30,149 activity.

Sit Investment Associates Inc holds 0.08% of its portfolio in Dreyfus High Yield Strategies Fund for 860,053 shares. Fernwood Investment Management Llc owns 30,900 shares or 0.07% of their US portfolio. Moreover, Shaker Financial Services Llc has 0.05% invested in the company for 29,000 shares. The New Jersey-based Brave Asset Management Inc has invested 0.03% in the stock. Dumont & Blake Investment Advisors Llc, a New Jersey-based fund reported 11,570 shares.

J. C. Penney Company, Inc., through its subsidiary J. The company has market cap of $1.18 billion. C. It currently has negative earnings. Penney Corporation, Inc., sells merchandise through department stores.

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on February, 23. They expect $0.42 EPS, down 34.38% or $0.22 from last year’s $0.64 per share. JCP’s profit will be $130.86 million for 2.26 P/E if the $0.42 EPS becomes a reality. After $-0.33 actual EPS reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -227.27% EPS growth.

Investors sentiment increased to 1.19 in 2017 Q3. Its up 0.40, from 0.79 in 2017Q2. It improved, as 45 investors sold J. C. Penney Company, Inc. shares while 51 reduced holdings. 38 funds opened positions while 76 raised stakes. 222.21 million shares or 0.72% more from 220.63 million shares in 2017Q2 were reported. Schwab Charles Management owns 3.51 million shares. 455,722 were reported by Commerzbank Aktiengesellschaft Fi. Tower Cap Lc (Trc) invested in 0% or 12,035 shares. Brown Brothers Harriman holds 0% or 100 shares. Huntington Bank holds 0% in J. C. Penney Company, Inc. (NYSE:JCP) or 2,042 shares. City stated it has 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). Gotham Asset Mngmt Llc invested 0.09% in J. C. Penney Company, Inc. (NYSE:JCP). 5.52 million are held by Contrarian Limited Liability Com. Maverick Capital reported 220,560 shares stake. Wells Fargo And Mn invested in 1.40 million shares or 0% of the stock. Sei Invests reported 765 shares. Bluestein R H owns 10,000 shares for 0% of their portfolio. Nationwide Fund Advsr accumulated 196,319 shares. Lpl Financial Ltd reported 75,849 shares. 44,301 were accumulated by Cibc Asset Management.

Among 29 analysts covering J.C. Penney Company (NYSE:JCP), 3 have Buy rating, 5 Sell and 21 Hold. Therefore 10% are positive. J.C. Penney Company had 83 analyst reports since July 22, 2015 according to SRatingsIntel. Robert W. Baird maintained J. C. Penney Company, Inc. (NYSE:JCP) on Thursday, August 31 with “Hold” rating. The company was maintained on Sunday, August 16 by Deutsche Bank. Goldman Sachs maintained it with “Sell” rating and $9 target in Monday, March 28 report. Susquehanna initiated the shares of JCP in report on Friday, February 10 with “Positive” rating. Guggenheim initiated J. C. Penney Company, Inc. (NYSE:JCP) on Friday, September 30 with “Neutral” rating. Deutsche Bank downgraded J. C. Penney Company, Inc. (NYSE:JCP) on Monday, May 15 to “Hold” rating. As per Tuesday, January 5, the company rating was upgraded by Citigroup. The rating was upgraded by Nomura to “Neutral” on Thursday, December 10. The firm has “Neutral” rating by Northcoast given on Monday, October 30. The rating was upgraded by Credit Suisse to “Neutral” on Friday, January 29.

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By1 David Stenberg

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