Thanks to a 0 sell/buy ratio, J. C. Penney Company, Inc. (NYSE:JCP) insider buying over the last three months picked up more than selling did. When insiders buy more shares of their company stock, it’s generally for one reason only: With inside knowledge of their company’s prospects, they expect the stock price to rise soon. JCP recorded 3 sales on the open market in the last three months. They sold nearly 16,022 shares while purchases amounted to 6,722,954 shares that period. Looking even further back to 12 months, corporate insiders offloaded 346,686 shares when buyers snapped up 8,901,753 shares. The 12-month’s totals signify about a 0.04-to-1 sell/buy ratio.
Davis Jeffrey A. gathered a total of 50 thousand shares of J. C. Penney Company, Inc. (JCP) at average share price of $3.62. This insider trade in the company took place on 08/22/2017. The total for the purchase was set at $181 thousand. After this transaction, the EVP, CFO account balance stood at 72.65 thousand shares. The stock lost -63.54 percent since that insider purchase. On 08/22/2017, Teruel Javier G, Director, purchased 135.14 thousand shares at a price per share of $3.64. This added 491.89 thousand shares to the insider’s fortune and the stock saw a -63.74 percent retreat in value since the news became public. This transaction left 518.97 thousand shares in the Director account.
On 08/21/2017, Director Brown Paul J performed a purchase transaction worth $90.5 thousand. This purchase at $3.62 each has added 25 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -63.54 percent decrease since the transaction was reported. The insider now is left with 68.12 thousand shares remaining in the account. Ellison Marvin R, who performs the Chairman and CEO job, bought 100 thousand shares for $348 thousand. The acquisition occurred on 08/18/2017 was priced at $3.48 per share. The share price plunged -62.07 percent since the reporting date. Ellison Marvin R now left with a stake of 2.85 million JCP stock worth $3.77 million after the insider buying.
The 12-month median price target for J. C. Penney Company, Inc. (JCP) assigned by the analysts stands at $1.5, which represents a return potential of 13.64 percent when compared to the closing price of the stock of $1.32 on Friday, January 11. The lowest price target for the stock is $0.5 — slightly more than -62.12 percent from JCP’s current share price. The stock will probably climb 6.06 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $2-month high price target. This represents a whopping 51.52 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 56.6 on daily chart, which may remain a cause for concern. If the price breaks below $1.21 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $1.36 mark may result into a pull-back move towards $1.39 level. The stock is currently hovering around the first support level of $1.27. Below this, the next support is placed in the zone of $1.21. Till the time, the JCP stock trades above this level, bulls have nothing to fear.
Shares of J. C. Penney Company, Inc. (JCP) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry JCP operates in has an average P/E of 65.3. Its P/E ratio went as low as 2021.94X and as high as 2021.94 over the 5-year span. Further, it is sporting a 0.03 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.67. 34.5 percent is the gross profit margin for J. C. Penney Company, Inc. and operating margin sits at 0.8 percent. Along with this, the net profit margin is -0.6 percent.
On 11th of January, J. C. Penney Company, Inc. (NYSE:JCP) shares ended higher after a volatile session. The shares accumulated 0.04 points or 3.13 percent at $1.32 with a light trade volume of 7.692 million shares. After opening the session at $1.28, the shares went as high as $1.34 and as low as $1.25, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $404 million and now has 305.83 million shares outstanding. J. C. Penney Company, Inc. (JCP) stock has lost -4.35 percent of market value in 21 trading days.
JCP stock has a trailing 3-year beta of 1.01, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.47 a share in the trailing twelve months. The stock’s value has surged 26.92 percent year to date (YTD) against a decline of -66.75 percent in 12 month’s time. The company’s shares still trade -72.21 percent away from its 1-year high of $4.75 and 43.48 percent up from 52-week low of $0.92. The average consensus rating on the company is 3.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.