What are analysts'price targets for J C Penney's stock?
5 analysts have issued 12 month price targets for J C Penney's stock. Their forecasts range from $1.00 to $2.00. On average, they expect J C Penney's share price to reach $1.42 in the next twelve months.
Is J C Penney (JCP) a good stock to buy?
J C Penney has received 58.50% “outperform” votes from our community. MarketBeat's community ratings are surveys of what our community members think about J C Penney and other stocks.
What is the ticker symbol for JCPenney?
J C Penney trades on the New York Stock Exchange (NYSE) under the ticker symbol "JCP."
How much money does J C Penney make a year?
J C Penney has a market capitalization of $0.00 and generates $11.17 billion in revenue each year. The department store operator earns $-268,000,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis. How many employees does J C Penney have?
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Is JCP stock worthless now?
Investors can still trade JCP — it's currently at around $0.20 — during the bankruptcy proceedings, but the stock is still at risk of becoming worthless....How far JCP stock has fallen.DatePriceFebruary 2019$1.30February 2020$0.7511 more rows•May 18, 2020
Will JCPenney stock go back up?
JCP Stock Is Unlikely to Recover And its debt levels have been among the highest within the retail sector. Thus, it is unlikely that JCPenney, the retail business, will soon come back under its own name.
Will JCPenney survive?
Some felt that the firm was too crippled and damaged to survive. The retailer even abandoned its Plano, Texas corporate campus. But the company has proven those skeptics wrong. JCPenney is still open.
Why is JCPenney stock so low?
J.C. Penney (JCPN. Q) has struggled with weak sales and profitability for nearly a decade due to a failed makeover attempt and falling mall traffic. The COVID-19 pandemic was the last straw for the long-suffering department store chain, forcing it to file for bankruptcy in May.
How is JCPenney doing 2022?
The company would close about 192 stores by February next year, and about 50 stores in 2022. Following a comprehensive review of our retail footprint, we announced several phases of store closures in 2020 and 2021, resulting in the liquidation of 175 JCPenney locations.
Can I buy JCPenney stock?
JCPenney is now owned by Simon Property Group and Brookfield Asset Management; as a result, the new JCPenney is a private company. It no longer trades on any stock exchange and reports only to its new owners. Let me clarify this.
Did Shaq buy JCPenney?
O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok.
Is JCPenney going broke?
Covid-19 was the straw that broke the company's back after 118 years in business. After more than a century in business, J.C. Penney filed for bankruptcy protection. It paid out millions of dollars to top executives right before it happened. Thousands of workers lost their jobs.
Is JCPenney's buying out Kohl's?
Simon Property Group and Brookfield Asset Management, owners of JCPenney, bid $8.6 billion ($68 a share) to buy Kohl's. If the offer is accepted, the brands will continue to operate as separate stores. However, the owners would combine operations to cut overall business costs.
Can penny stock make you rich?
Penny stocks are viewed as a way to get rich because they tend to have high percentage returns. You can't deny it — the math on owning these stocks is psychologically attractive, particularly for inexperienced traders. For example, imagine that you have $1,000. If you decide to buy one stock with all $1,000.
How is JCP doing now?
Mired in the troubles of the department store sector plus missteps of its own, the retailer finally collapsed into bankruptcy in 2020. The company emerged from that with new owners, yet another new CEO and, now, a new marketing campaign with the hopeful slogan “Shopping is back!”
Is JCPenney profitable?
For instance, JCPenney reportedly hasn't turned a profit since 2010, and its annual sales have fallen every year since 2016. The chain lost $1.3 billion in 2020's first 10 months, up 345 percent from the already high $295 million of red ink it saw in the same period the previous year.
How were J C Penney's earnings last quarter?
J C Penney Company Inc (NYSE:JCP) released its earnings results on Thursday, February, 27th. The department store operator reported $0.13 EPS for t...
Who are J C Penney's key executives?
J C Penney's management team includes the following people: Ms. Therace M. Risch , Exec. VP and Chief Information & Digital Officer (Age 46) Mr....
Who are some of J C Penney's key competitors?
Some companies that are related to J C Penney include Old COPPER (JCPNQ) , McColl's Retail Group (MCLS) , Laura Ashley (ALY) , AuMake Internati...
What other stocks do shareholders of J C Penney own?
Based on aggregate information from My MarketBeat watchlists, some companies that other J C Penney investors own include Ford Motor (F) , Bank of...
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 much money does J C Penney make?
J C Penney (NYSE:JCP) has a market capitalization of $0.00 and generates $11.17 billion in revenue each year. The department store operator earns $...
How many employees does J C Penney have?
J C Penney employs 90,000 workers across the globe.
What is J C Penney's official website?
The official website for J C Penney is www.jcpenney.com .
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 v...
About J C Penney
J. C. Penney Company, Inc., through its subsidiary J. C. Penney Corporation, Inc., sells merchandise through department stores.
Headlines
You (yes you!) can now buy Sports Illustrated-branded clothing at JCPenney!
J C Penney (NYSE:JCP) Frequently Asked Questions
J C Penney Company Inc (NYSE:JCP) posted its quarterly earnings data on Thursday, February, 27th. The department store operator reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.19.
A group of shareholders is trying to convince a bankruptcy judge that the company is still solvent, but that's not what the evidence says
J.C. Penney ( JCPN.Q ) has struggled with weak sales and profitability for nearly a decade due to a failed makeover attempt and falling mall traffic. The COVID-19 pandemic was the last straw for the long-suffering department store chain, forcing it to file for bankruptcy in May.
Shareholders want a seat at the table
Last Wednesday, a group of J.C. Penney shareholders filed a motion requesting that the bankruptcy court judge appoint an official shareholders' committee. This would put the company on the hook for covering substantial legal and research fees to fight for shareholders' interests during the bankruptcy proceeding.
Business results are weak, and cash flow is not what it seems
One piece of the shareholders' argument is that J.C. Penney's go-forward business could be worth approximately $10 billion: more than the value of its liabilities. Yet this estimate relies heavily on rosy projections made by management around the time of the bankruptcy filing.
Asset values are lower than they seem and falling
J.C. Penney's shareholders also claim that the company's liquidation value exceeds its liabilities. This view is built upon misconceptions, too.
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This Kind of Dabbling is a Sign of Boredom
Unless you’re looking for a capital loss to offset capital gains, buying stock in a bankrupt company is almost always a losing proposition.
The Bottom Line on JCPenney
Cramer has spoke out against the stupidity of investors buying bankrupt stocks, and I applaud him for doing so. I always like to say that investors have options. Buying bankrupt companies shouldn’t be one of them.
