JCP - J. C. Penney Company, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
0.1819
0.0000 (0.00%)
At close: 4:00PM EDT
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Bearishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.2363
Open0.1670
Bid0.0000 x 900
Ask0.0000 x 900
Day's Range0.1670 - 0.2325
52 Week Range0.1112 - 1.2600
Volume0
Avg. Volume38,587,184
Market Cap58.56M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 22, 2020 - May 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Barrons.com

    Buy Lululemon Stock — It Won’t Be Hurt by the ‘Mall Apocalypse’

    In fact not having stores in the mall is often seen as a positive catalyst in itself for brands. Expect that to continue, says Raymond James. Analyst Matthew McClintock reiterated a Strong Buy rating and $335 price target on Lululemon (ticker: LULU) Friday, writing that the athletic apparel company isn’t overexposed to the malls and won’t be hurt by their pain.

  • There’s No Good Reason for Long-Term Investors to Buy Luckin Stock
    InvestorPlace

    There’s No Good Reason for Long-Term Investors to Buy Luckin Stock

    As of June 29, Beijing-based coffee retailer Luckin Coffee (OTCMKTS:LKNCY) got delisted from the NASDAQ Exchange. Now, Luckin stock is a penny stock that may also be a bankruptcy-candidate.Source: Keitma / Shutterstock.com There has recently been increased day trading interest in shares of potentially bankrupt companies, such as Hertz Global (NYSE:HTZ), JCPenney (OTCMKTS:JCPNQ), and Whiting Petroleum (NYSE:WLL). As a result many analysts are wondering if equity markets have become over-speculative in the post-coronavirus world.It might be time for investors to accept the reality that some companies are bankrupt and their stocks are not worth their hard-earned cash. Although Luckin Coffee has not yet declared bankruptcy, investors may be better off if they look for better companies for their long-term portfolios.InvestorPlace - Stock Market News, Stock Advice & Trading Tips How Luckin Stock Got DelistedThe Xiamen-based company started operations in Oct. 2017. Since its early days, Luckin stock has been touted as the Starbucks (NASDAQ:SBUX) of China. * The 7 Best Stocks to Invest in Right Now In May 2019, the company went public in the U.S. as an American Depositary Receipt (ADR) at an opening price of $25. Luckin Coffee offered 33 million American Depository Shares in its IPO. And it raised $571.2 million through the IPO.In China, listing requirements are in general quite strict and lengthy. Chinese stock exchanges would have required Luckin to have been profitable over the three years prior to the proposed IPO date. In other words, it could have not listed in China. The group possibly initially chose the U.S. due to easier listing requirements for ADRs.The LK share price hit an all-time high of $50.38 on Jan. 17. But the story has changed and gone literally downhill since then. On April 2, management said that it was investigating reports that senior executives and employees fabricated transactions totaling $310 million (or 2.2 billion RMB). It also urged investors to not rely on its previous financial statements for the nine months ended September 30, 2019.As a result, Luckin stock tanked from a closing price of $26.20 on April 1 to an opening price of $4.91 the next morning. Then trading got halted on April 7, when the share price was at $4.39.On April 27, the headquarters of the scandal-hit chain was raided by regulators in China. And the stock started trading again on May 20. In late June, the company notified shareholders of the delisting.Finally, in recent days, shareholders voted out its chairman Charles Lu, who was also a co-founder. However, the issue of trust is likely to linger over Luckin Coffee for a long time to come. It would also mean the company would find it extremely difficult to raise fresh capital, at least in the U.S. Where to Invest for the Love of Coffee in ChinaMany know China as a nation of tea-drinkers. But coffee consumption has also begun to take off in the country. That consumer trend was in part behind the initial interest behind Luckin stock.Are you an investor who would like to take invest in the potentially lucrative market of coffee in a land of 1.4 billion residents? Then you may want to do due diligence on SBUX stock. Starbucks has over 4,300 stores across China.On April 28, the Starbucks chain released Q2 Fiscal 2020 results that said its quarterly global same-store sales fell 10%. Americas and U.S. comparable store sales declined 3%. For the quarter, adjusted earnings per share came at 32 cents. Revenue was $6 billion, a decline of 5% from the prior year due to lost sales related to the viral pandemic.Starbucks management also warned that third-quarter results would take a larger hit from the COVID-19 outbreak, even though sales in China were recovering.Starbucks opened 255 net new stores in the quarter, which means a 6% YoY unit growth. At the end of the period, it had 32,050 stores globally, of which 51% and 49% were company-operated and licensed, respectively.So far in 2020, SBUX stock is down about 15.5%. Long-term investors may consider buying dips on SBUX stock, especially if it goes toward $70 or lower. I regard it as one of the best dividend-paying stocks to buy, especially in a long-term portfolio. The current dividend yield stands at 2.3%. The Bottom Line on Luckin StockFollowing a major revenue fraud, the rather short trading history of Luckin stock in the U.S. seems to have come to a halt. But there are other ways to invest in the growing consumer markets in China.In addition to the Seattle-based coffee chain Starbucks which has established Chinese operations, investors may also consider researching China ETFs. Examples would include the Global X MSCI China Consumer Discretionary ETF (NYSEARCA:CHIQ), the VanEck Vectors ChinaAMC SME-ChiNext ETF (NYSEARCA:CNXT), or the Xtrackers MSCI All China Equity ETF (NYSEARCA:CN).Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. As of this writing, Tezcan did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post There's No Good Reason for Long-Term Investors to Buy Luckin Stock appeared first on InvestorPlace.

  • Macy’s Stock Won’t Have a V-Shaped Recovery
    InvestorPlace

    Macy’s Stock Won’t Have a V-Shaped Recovery

    Macy's (NYSE:M) was already struggling before the novel coronavirus. And it's safe to say the retailer will continue to struggle. Macy's stock may have bounced back a bit from its March selloff lows. But, it's hard to see shares rallying even higher from here.Source: Joe Tabacca / Shutterstock.com First, it was big-box stores that captured a great deal of its legacy market share. But now, with the rise of e-commerce, the department store giant faces another major competitive threat. Add in high debt, lease liabilities and a bloated cost structure. Put it all together, and it looks like tough times will continue.The recent outlook looks bad, but a post-lockdown rebound could help the company's performance in the short term. Yet, as a long-term opportunity, look elsewhere.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGranted, the situation may not be as dire as seen with J.C. Penney (OTCMKTS:JCPNQ). However, it's tough to see shares retracing past highs (above $20 per share) anytime soon. It'll be a surprise if shares could bounce back to the double-digits realm (shares trade for around $6.60 today).With this in mind, there are better ways to play a post-pandemic retail recovery. Why There's No Magic With Macy's StockIt's not fair to judge Macy's stock on its first-quarter results. With Q1 falling in the midst of the pandemic, it's no surprise the company saw sales plummet to $3.03 billion from $5.5 billion in the year-ago quarter. Earnings plummeted from 44 cents per share in Q1 2019, to an adjusted loss of $2.03.These massive top and bottom-line declines were in line with analyst expectations. But, the latest bit of bad news isn't the recent results. It's the near-term guidance.Retail overall may be recovering, as seen with the 18% boost in retail sales in the month of May. However, with this company, don't expect similar results. * The 7 Best Stocks to Invest in Right Now Last week, the company released its current outlook. For the second half of 2020, it expects brick-and-mortar sales to be 35% below prior year results. The company's e-commerce growth somewhat softens the blow. But, overall sales from July to December are set to fall between 20% and 25% from 2019 levels.So, when will Macy's return to normal? That is to say, when will it retrace prior sales levels? The company expects that won't happen until late 2021 or early 2022.Simply put, forget about the weak long-term prospects (more below) for this legacy retailer. Even a short-term rebound is out of the question.With high fixed costs and overhead, a big sales drop doesn't bode well for earnings in the upcoming quarters. And with the company's troubles continuing to accelerate, it remains possible a "game over" scenario could play out in the years to come. Things Look Even Bleaker Long TermIf you bought Macy's stock at the height of the pandemic, you probably had a winning trade. Even after the aforementioned bad news, shares are up more than 56% from their lows. Yet, there's likely no more upside left on the table.Why? If you thought the short-term prospects for Macy's look bad, consider the long-term prospects. In short, the company's business model is not sustainable. Firstly, its stores are too big. Its largely mall-based locations were built for another era, before big-box stores and e-commerce started to dominate retail.Secondly, its cost structure doesn't work in today's retail landscape. It needs much higher levels of sales to cover its existing overhead. Without it, expect losses to continue. Thirdly, the company is saddled with an excess of long-term obligations.Outstanding long-term debt totals $5 billion. Long-term lease liabilities add up to another $3 billion in obligations. For comparison, Macy's stock only has a market capitalization of $2.1 billion.Granted, you can point to its large real estate portfolio, and claim the company has sufficient "margin of safety." Yet, this illiquid portfolio of mall anchors and downtown properties may be less of a lifeline than you think. Especially with the pandemic depressing commercial real estate demand.Remember, J.C. Penney and Sears (OTCMKTS:SHLDQ), both owned significant amounts of retail real estate. But that wasn't enough to keep either one out of Chapter 11. The Bottom Line: Avoid Macy's StockSure, not all brick-and-mortar retail is struggling. Names like Best Buy (NYSE:BBY) will continue to thrive no matter what lies ahead. But for retail dinosaurs like Macy's? It's a bleaker picture. That's true both in the short term, and the long term.With sales not expected to bounce back until more than a year from now, expect losses to continue. And, saddled with a bloated cost structure and large long-term liabilities, the company may not recover.That's not to say Macy's is the next J. C. Penney. But, Macy's stock is by no means a great long-term investment. Look elsewhere for opportunity, and avoid M shares completely.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now. As of this writing, Matt did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Macy's Stock Won't Have a V-Shaped Recovery appeared first on InvestorPlace.

  • Moody's

    DBUBS 2011-LC3 Mortgage Trust -- Moody's affirms six and downgrades three classes of DBUBS 2011-LC3

    The ratings on five P&I classes were affirmed due to the pool's share of defeasance and the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), being within acceptable ranges. As of the June remittance statement, The Dover Mall and Commons loan was more than 60 days delinquent and the Albany mall loan was between 30 -- 59 days delinquent.

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    COMM 2014-CCRE14 Mortgage Trust -- Moody's affirms nine, confirms one and downgrades two classes of COMM 2014-CCRE14

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    Palisades Center Trust 2016-PLSD -- Moody's downgrades four CMBS classes of Palisades Center 2016-PLSD

    The ratings on Cl. A, Cl. B, Cl. C and Cl. D were downgraded due to an increase in Moody's LTV as a result of continued decline in performance since securitization, additional store closures, and further stress on the property ahead of the loan's April 2021 maturity date as a result of the temporary interior closure and re-opening uncertainty due to the coronavirus outbreak. Factors that could lead to a downgrade of the ratings include a decline in the performance of the loan or interest shortfalls.

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    J.P. Morgan Chase Comml Mtge Sec Tr 2012-LC9 -- Moody's affirms nine and downgrades three classes of JPMCC 2012-LC9

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    J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-LC9 -- Moody's affirms nine and downgrades three classes of JPMCC 2012-LC9

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  • J.C. Penney’s Key Weeks Ahead
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    J.C. Penney’s Key Weeks Ahead

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  • J.C. Penney Company, Inc. (JCP): Hedge Funds Saw This Coming
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  • Moody's

    COMM 2013-CCRE7 Mortgage Trust -- Moody's affirms nine and confirm three classes of COMM 2013-CCRE7

    The ratings on six principal and interest (P&I) classes were affirmed and the ratings on three P&I classes were confirmed due to the pool's share of defeasance and the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), being within acceptable ranges. The ratings on the interest only (IO) classes were affirmed based on the credit quality of the referenced classes.

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  • Moody's

    UBS-Citigroup Commercial Mortgage Trust 2011-C1 -- Moody's affirms six and downgrades five classes of UBSC 2011-C1

    The ratings on five of the P&I classes were affirmed due to the pool's share of defeasance and the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), being within acceptable ranges. The ratings on four P&I classes were downgraded due to higher anticipated losses and a decline in pool performance primarily driven by the increase in specially serviced loans secured by hotel and regional mall properties.

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    UBS Commercial Mortgage Trust 2012-C1 -- Moody's affirms six and downgrades four classes of UBSCM 2012-C1

    The ratings on five of the P&I classes were affirmed due to the pool's share of defeasance and the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), being within acceptable ranges. The rating on one of the IO classes, class X-A, was affirmed based on the credit quality of the referenced classes.

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    GS Mortgage Securities Trust 2013-GCJ14 -- Moody's affirms seven, confirms two and downgrades four classes of GSMS 2013-GCJ14

    The rating on the interest-only (IO) class, Class X-A, was affirmed based on the credit quality of its referenced classes. The rating on the exchangeable class, Class PEZ, was confirmed due to the credit quality of the referenced exchangeable classes.

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