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News For JCP From The Last 14 Days Check below for free stories on JCP the last two weeks. |
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| May 23, 2013 |
| 14:58 EDT |  | JCP | J.C. Penney May volatility at eight-month lows
J.C. Penney overall option implied volatility of 52 is below its 26-week average of 62 according to Track Data, suggesting decreasing price movement. |
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| May 22, 2013 |
| 16:12 EDT |  | JCP | J.C. Penney enters into new $2.25B credit facility
J. C. Penney Company announced that its wholly owned subsidiary, J. C. Penney Corporation, has entered into a new five-year $2.25B senior secured term loan credit facility. The size of the facility was increased from the $1.75B anticipated in the commitment letter the company announced on April 29. |
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| May 21, 2013 |
| 08:56 EDT | | JCP | J.C. Penney announces successful tender, consent solicitation for debentures
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| May 20, 2013 |
| 10:23 EDT | | JCP | J.C. Penney advances after analyst hikes price target to $27
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| 10:11 EDT |  | JCP | On The Fly: Analyst Upgrade Summary
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| 08:16 EDT | | JCP | Follow-up: J.C. Penney upgraded to Buy from Hold at Maxim
Maxim upgraded J.C. Penney on expectations the company's strategy changes under new CEO Mike Ullman will drive traffic. The firm said its recent channel checks indicate that store traffic has increased and it raised its price target for shares to $27 from $16.50. |
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| 08:03 EDT | | JCP | J.C. Penney upgraded to Buy from Hold at Maxim
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| 07:30 EDT |  | JCP | J.C. Penney price target lowered to $7 from $12 at BMO Capital
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| May 17, 2013 |
| 10:55 EDT | | JCP | J.C. Penney drops after results miss expectations
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| 09:48 EDT |  | JCP | J.C. Penney falls after earnings miss, levels to watch
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| 08:35 EDT | | JCP | J.C. Penney reiterated as a Sell at Northcoast
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| 07:47 EDT | | JCP | J.C. Penney situation should only improve from here, says RW Baird
Baird believes there are several reasons why J.C. Penney's situation should only improve from here including better recent trends, prudent pricing and promotion, easy comps, and the re-introduction of in-demand product for fall. Baird maintains its Neutral rating and $19 price target pending further details on the company's new strategy. |
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| 07:11 EDT |  | JCP | J.C. Penney CEO says needs time to fix problems, Reuters reports
J.C. Penney CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, reports Reuters.Reference Link |
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| 06:28 EDT | | JCP | J.C. Penney CEO likely to make substantial progress, says Deutsche Bank
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| 06:06 EDT | | JCP | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. |
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| 05:50 EDT | | JCP | J.C. Penney price target raised to $20 from $15 at Citigroup
Citigroup raised its price target for J.C. Penney to $20 following the company's Q1 results while keeping a Neutral rating on the stock. Citi says it is encouraged by new CEO Mike Ullman's strategic plan, which it expects will improve same-store-sales. |
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| May 16, 2013 |
| 18:56 EDT | | JCP | On The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations. |
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| 18:03 EDT | | JCP | J.C. Penney says Q1 traffic down 6% vs. year ago
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| 16:42 EDT | | JCP | J.C. Penney down 30c, or 1.60%, to $18.49 after earnings miss estimates
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| 16:37 EDT | | JCP | J.C. Penney reports Q1 gross margin 30.8% of sales vs. 37.6% a year ago
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| 16:31 EDT |  | JCP | J.C. Penney reports Q1 adjusted EPS ($1.31), consensus (86c)
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| 15:14 EDT | | JCP | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. |
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| 13:52 EDT | | JCP | J.C. Penny May 19 straddle priced for 8% move into Q1
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| 11:40 EDT | | JCP | Stocks with call strike movement; FSLR JCP
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| 08:00 EDT | | JCP | J.C. Penney shares more expensive than they look, says Wells Fargo
Although J.C. Penney's market cap is $4.2B, its enterprise value, including its net debt, is $7.4B, according to Wells Fargo. That is very similar to 2010 levels, when the retailer's EPS was $1.38, according to the firm. Wells notes that the stock would be trading at 15.1 times earnings even if the company generates $1.26 in EPS sometime in the future, and it keeps an Underperform rating on the shares. |
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| May 15, 2013 |
| 11:45 EDT | | JCP | Stocks with call strike movement; JCP BBY
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| 08:48 EDT | | JCP | J.C. Penney recommended at Buckingham
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| 05:56 EDT | | JCP | J.C. Penney board supporting new CEO, not Ackman, NY Post reports
Bill Ackman has lost influence over J.C. Penney's (JCP) board after failing to quickly replace the company's new CEO Mike Ullman, New York Post reports, citing sources. Ackman approached a number of candidates about the position, including Foot Locker (FL) CEO Ken Hicks, but the board was not interested, the paper adds. Reference Link |
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| May 14, 2013 |
| 16:24 EDT | | JCP | J.C. Penney real estate appraised at $4.06B, Reuters says
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| 15:29 EDT | | JCP | J.C. Penney stores, real estate appraised at $4.06B, Reuters reports
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| 15:13 EDT | | JCP | J.C. Penny May 19 straddle priced for 8.5% move into Q1
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| 14:12 EDT | | JCP | J.C. Penney upgraded to Neutral from Underperform at BofA/Merrill
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| 11:51 EDT | | JCP | Stocks with call strike movement; JCP BBY
J.C. Penney (JCP) June 21 call volatility increased 2% to 60, Best Buy (BBY) June 31 call option implied volatility decreased 2% to 59 according to IVolatility. |
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| 09:12 EDT | | JCP | J.C. Penney increases tender offer consideration to $1,400
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| May 13, 2013 |
| 11:30 EDT | | JCP | J.C. Penney May volatility elevated at 96 into Q1
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| 09:50 EDT | | JCP | J.C. Penney pops higher in early trading, levels to watch
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| 09:11 EDT | | JCP | J.C. Penney feedback indicates a sales pickup, sa Cleveland Research
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| May 10, 2013 |
| 13:26 EDT | | JCP | S&P assigns J.C. Penney term loan 'B' issue-level rating
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| 10:00 EDT |  | JCP | On The Fly: Analyst Downgrade Summary
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| 07:25 EDT | | JCP | J.C. Penney downgraded to Sell from Neutral at Northcoast
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