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Stock Market & Financial Investment News

News Breaks
January 18, 2013
11:31 EDTPVH, JCPPVH CEO: Izod sales at J.C. Penney on or ahead of plan, Bloomberg reports
PVH Corp. (PVH) CEO Manny Chirico said sales of its Izod brand at specialty "shop within a shop" stores within redesigned J.C. Penney (JCP) locations are "running on or ahead of plan," which Chirico called a "grand slam home run," according to Bloomberg, citing his comments at an investor conference. Chirico noted a measure of revenue per product at the J.C. Penney shops is 20% higher compared with other department stores through Jan. 12, the report said. Reference Link
News For JCP;PVH From The Last 14 Days
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May 15, 2015
07:05 EDTJCPJ.C. Penney upgraded to Market Perform from Underperform at BMO Capital
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May 14, 2015
16:19 EDTJCPOn The Fly: Top stock stories for Thursday
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16:00 EDTJCPOptions Update; May 14, 2015
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12:55 EDTJCPBulls, bears debate J.C. Penney after earnings report
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08:11 EDTJCPJ.C. Penney Q1 encouraging, but cash flow remains tough, says Baird
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07:44 EDTJCPJ.C. Penney Q1 beats on EBITDA despite sluggish sales, says UBS
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07:11 EDTJCPOptions expected to be active
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06:52 EDTJCPJ.C. Penney target upped to $15 after Q1 results at Piper Jaffray
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May 13, 2015
16:39 EDTJCPJ.C. Penney gross margin helped by penetration of private brands
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16:34 EDTJCPJ.C. Penney saw slowdown in late April versus its expectations
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16:28 EDTJCPJ.C. Penney sees FY15 free cash flow breakeven
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16:26 EDTJCPJ.C. Penney reports Q1 gross margin 36.4%
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16:13 EDTJCPJ.C. Penney narrows FY15 SSS view to up 4%-5% from up 3%-5%
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16:09 EDTJCPJ.C. Penney reports Q1 EPS (57c), consensus (77c)
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15:15 EDTJCPJ.C. Penney May 9 straddle priced for 8.2% movement into Q1
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15:04 EDTJCPNotable companies reporting after market close
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12:54 EDTJCPEarnings Watch: J.C. Penney sees Q1 SSS up 3.5%-4.5%
J.C. Penney (JCP) is scheduled to report first quarter earnings after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. J.C. Penney operates about 1,100 retail stores and jcp.com. EXPECTATIONS: Analysts are looking for a loss per share of (77c) on revenue of $2.87B, according to First Call. The consensus range for EPS is (96c)-(61c) on revenue of $2.78B-$2.92B. LAST QUARTER: J.C. Penney reported fourth adjusted earnings per share of breakeven against estimates for 11c, on revenue of $3.89B against estimates for $3.87B. Comparable store sales were up 4.4%. The company forecast fiscal year 2015 SSS up 3%-5% and said it expected gross margin to improve 50 to 100 basis points versus 2014 and free cash flow to be flat. On its Q4 earnings conference call, the company said that it expected Q1 sales to be impacted less than 1% due to the West Coast port slowdown. NEWS: On March 17, AdAge said Chief Marketing Officer Debra Berman would leave the company immediately. Later that day, Bloomberg reported that General Cousnel Janet Dhillon would also leave the company, which was confirmed by J.C. Penney on March 20. On April 28, J.C. Penney appointed Mary Beth West as executive vice president and Chief Customer & Marketing Officer, effective June 1. In an April regulatory filing, J.C. Penney said it became aware that a senior company official "inadvertently sent an e-mail communication to a securities analyst that contained non-public information regarding the company’s comparable store sales results for Q1 to date, which are approximately 6%." The company said it expects Q1 SSS up 3.5%-4.5%, which takes into account the shift of Easter into March. The retailer said it would introduce Sephora to 25 additional stores starting on May 1. In April, New York Attorney General Eric Schneiderman sent letters warning J.C. Penney and other retailers that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. STREET RESEARCH: Following the release of J.C. Penney's Q4 results, Deutsche Bank said J.C. Penney remained a "show me story" until liquidity is improved. Craig-Hallum said J.C. Penney's 2015 gross margin outlook supports its view the company's 2017 financial targets are "unattainable." In March, JPMorgan raised its price target for the retailer to $10 from $8 and said management expressed confidence in the company’s ability to reach its 2017 EBITDA target of $1.2B. Baird said J.C. Penney's business is on "more stable footing," but believes meaningful free cash flow growth will be challenging. PRICE ACTION: Over the last three months, J.C. Penney shares are up over 7.45%. In early afternoon trading ahead of Wednesday's Q1 report, J. C. Penney is down 2.5% to $8.66.
May 12, 2015
16:01 EDTJCPOptions Update; May 12, 2015
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11:37 EDTJCPStocks with call strike movement; TWTR JCP
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May 11, 2015
16:00 EDTJCPOptions Update; May 11, 2015
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