The drop has been caused by downgrades only. I love the way these analysts point to past drops and completely ignore the downgrades that occurred at the time the stock price dropped. February earnings will far exceed expectations and JCP will rise signifigantly. "Regardless of the drop in revenue, the company managed to outperform against the industry average of 4.0%. Since the same quarter one year prior, revenues slightly dropped by 0.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share."
My biggest fear is that there will come a time when they actually get it right. Every quarter they miss by a mile. Why should this quarter be any different? JCP has already plunged. If the analysts are as wrong as they have been in the recent past, JCP will soar. When I've been in my local JCP this past month, they were always crowded.