Shares of J C Penney Company Inc (NYSE:JCP) jumped 3.97% to reach at $9.16 during previous trading session. The company has experienced volume of 61.86M shares while on average the company has a capacity of trading 13.92M share.
J C Penney Company Inc (NYSE:JCP) on November 11, 2016 announced financial results for its third quarter ended Oct. 29, 2016.
For the third quarter, gross margin was 37.2 % of sales, a 10 basis point decline compared to the same period last year.
SG&A expenses for the quarter decreased $59 million to $888 million, or 31.1 % of sales, representing a 160 basis point improvement from last year. These savings were primarily driven by lower corporate overhead, incentive compensation and store controllable costs.
For the third quarter, the Company delivered a 42 % improvement in net loss over the prior year to $(67) million or $(0.22) per share. Adjusted earnings per share improved 54 % to a loss of $(0.21) per share for the third quarter this year compared to a loss of $(0.46) per share last year.
EBITDA improved $36 million to $172 million for the quarter, a 26 % improvement from the same period last year. Adjusted EBITDA improved 57 % to $174 million, a $63 million improvement from the same period last year.
J C Penney Company Inc (NYSE:JCP) holds the market capitalization of $2.97B along with 307.73M outstanding shares. During the last trade, stock’s minimum price has been reached out at $8.30 while the maximum trading price moved at $9.29. Currently the stock price is moving -23.60% off from the highest level of twelve months and +52.67% above from twelve months low. J C Penney Company Inc (NYSE:JCP) marked 52-week highest price level of $11.99 on 03/08/16 and 52-week lowest price level of $6.00 on 01/20/16. For the stock, price target value has been calculated at $11.88 based on calls of 20 experts. Stock’s minimum price target estimates has been figured out at $7.00 while the maximum price target forecast is established at $20.00.
As of current trade, J C Penney Company Inc (NYSE:JCP) has shown weekly upbeat performance of 11.71%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 4.21%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 37.54%. Shares of J C Penney Company Inc (NYSE:JCP) currently have an ABR of 2.53, derived from a total of 17 opinions. The company’s price sits 0.62% above from its 50-day moving average of $8.81 and 0.01% above from the stock’s 200-day moving average of $8.95. The company has Relative Strength Index (RSI 14) of 58.66 along with Average True Range (ATR 14) of 0.39. Its weekly and monthly volatility is 6.31%, 3.96% respectively. The company’s beta value is at 0.78.
J C Penney Company Inc (NYSE:JCP)’s price to sales ratio for trailing twelve months is 0.23 and price to book ratio for most recent quarter is 2.35, whereas price to cash per share for the most recent quarter is 6.71. J C Penney Company Inc (NYSE:JCP)’s price to free cash flow for trailing twelve months is 7.16. Its quick ratio for most recent quarter is 0.30 along with current ratio for most recent quarter of 1.50. Total debt to equity ratio of the company for most recent quarter is 3.95 whereas long term debt to equity ratio for most recent quarter is 3.65. J C Penney Company Inc (NYSE:JCP) has a Return on Assets of -3.50%. The company currently has a Return on Equity of -25.00% and Return on Investment of -1.80%.