JCP - J. C. Penney Company, Inc.

NYSE - NYSE Delayed price. Currency in USD
0.3200
+0.0496 (+18.34%)
At close: 4:02PM EDT

0.3435 +0.02 (7.34%)
Pre-market: 7:38AM EDT

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Previous close0.2704
Open0.2999
Bid0.3200 x 2900
Ask0.0000 x 1400
Day's range0.2850 - 0.3269
52-week range0.2600 - 1.4400
Volume9,715,867
Avg. volume8,459,428
Market cap102.714M
Beta (5Y monthly)1.94
PE ratio (TTM)N/A
EPS (TTM)-0.8400
Earnings date18 May 2020 - 24 May 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date04 Apr 2012
1y target est0.61
  • Retailers Wish You'd Be Back Shopping By Easter
    Bloomberg

    Retailers Wish You'd Be Back Shopping By Easter

    (Bloomberg Opinion) -- Donald Trump wasn’t alone in hoping everyone’s lives could get back to normal by Easter weekend.Retailers’ decisions to furlough hundreds of thousands of U.S. retail workers this week underscore that store closures are set to go on for much longer than initially anticipated. Closings in many major markets around the world will remain in place through next weekend and beyond, wreaking havoc with the prime spring shopping season.Hennes & Mauritz AB said on Friday that net sales fell by 46% in March from the year earlier. It expects a loss in its second quarter. The extended closures will now affect crucial pre-Easter shopping period, worth about $25 billion to U.S. retailers, according to GlobalData. While people may still indulge in filling their children’s baskets with chocolate eggs to create some holiday cheer in this difficult time, crackdowns on even the smallest of gatherings mean they won’t be planning big fancy meals, nor refreshing their bunny-and-chick-themed decorations.  What’s more, consumers can’t take advantage of the long holiday weekend in much of Europe to start shopping for the latest trends for summer. That’s a blow because it typically kicks off the period when consumers refresh their wardrobes, home decorations and gardens for the warmer months. If temperatures soar, that can normally set non-food retailers fair for the coming quarter.  From there, people’s diaries would typically be chock full with weddings, graduations and parties, plenty of reasons to update one’s wardrobe. But the novel coronavirus has radically changed all of that, eliminating pretty much any reason to dress for success. It’s estimated that half of couples planning weddings in the U.S. this year are looking to postpone them, according to data from the Wedding Report. The graduation season has been thrown into question. More than 80 U.S. colleges and universities have either canceled, postponed or been turned their 2020 commencement ceremonies into virtual gatherings. View this post on Instagram A post shared by Nordstrom (@nordstrom) on Apr 2, 2020 at 5:40pm PDTThat means everything from floral dresses to pastel hued shoes may have to be offloaded. Discounting to clear unwanted stock means the crisis is likely to last well into the second quarter, and possibly beyond.There’s another reason why the impact on may be bigger than initially feared: Some online demand has evaporated. Retailers have to ensure workers processing internet orders observe strict social distancing rules. So far British online fashion group Asos Plc, which generated 13% of its sales from the U.S., has kept its warehouses in Atlanta, Berlin and the U.K. open, albeit with longer delivery times. But rival fashion chain Next Plc has stopped taking online orders while it reconfigures its distribution centers. This would be in line with its worst case scenario of the business being closed for four weeks, cutting full-year sales by 1 billion pounds ($1.2 billion).No wonder store chains have shifted to cash preservation mode. H&M said it was taking a number of initiatives, from cutting working hours to seeking rent reductions, to try to cope. In the U.S., hundreds of thousands of staff are being temporarily laid off, with chains such as Macy’s Inc., J.C. Penney Co., Kohl’s Corp. and Gap Inc. halting pay for much of their workforce while preserving some benefits. The longer the hiatus in consumer spending, the more likely that some retailers and restaurants just won’t open their doors again. Others may decide to radically cut down on their brick-and-mortar locations. U.S. department stores, already grappling with the shift to online and mostly lackluster product selections, look particularly challenged.But even companies that do emerge relatively unscathed could find recovery just as demanding. Consumers who have kept their jobs will likely be eager to splash out on holiday and work attire when they’re finally able to move about freely and go back to the office, purchases they can fund with money saved during lockdown on everything from gym memberships and dining out.The question is whether any pent up demand will be enough to alleviate lost sales from those who have been temporarily laid off, or worse, made redundant. Individuals in fear of losing their jobs, or being forced to take pay cuts, are likely to save more. So consumer-facing companies need to brace themselves for a long haul.  It’s going to be some time before stores reopen, and even longer before they get back to any semblance of normality.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coronavirus could wipe out department stores: former Apple store chief
    Yahoo Finance

    Coronavirus could wipe out department stores: former Apple store chief

    Ron Johnson, who is the former CEO of J.C. Penney and architect of Apple's retail stores, gives his take on the future of department stores during coronavirus.

  • Bloomberg

    Warren Buffett’s See’s Candies Furloughs Retail Workers

    (Bloomberg) -- Warren Buffett’s See’s Candies, which closed stores across the country to help contain the coronavirus, is now furloughing its retail workers.The candy maker, which has more than 240 retail locations in the U.S., will provide health benefits for eligible employees until the end of May, the company said Wednesday in a statement. See’s, which Buffett’s Berkshire Hathaway Inc. purchased in 1972, said it’s been paying employees for all scheduled hours over the past two weeks even as it was closing stores in areas such as California.See’s employed a total of 2,488 workers at the end of 2019, according to Berkshire’s annual report, although it’s unclear how many of those are affected by the furloughs.Employers across the country, including J.C. Penney Co. and Macy’s Inc., have furloughed workers in response to plummeting consumer spending, with cities throughout the U.S. telling people to stay at home and ordering businesses closed to stem the spread of the highly contagious virus. A record 3.28 million people filed for unemployment insurance in the week ended March 21, a figure that could be surpassed when new data is released Thursday.Buffett’s Berkshire, which has footholds in industries from insurance to energy, also owns scores of retailers, including jewelers, a party-supply company and a network of auto dealerships.“Closing our retail shops has taken a big toll at a critical time for See’s,” Chief Executive Officer Pat Egan said in the statement. “This decision was wrenching, but not being able to sell our product led us to this point.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • J.C. Penney Extends Closures, Furloughs Workers Amid Coronavirus
    Zacks

    J.C. Penney Extends Closures, Furloughs Workers Amid Coronavirus

    J.C. Penney (JCP) is extending store closures due to the growing coronavirus spread. The company is also furloughing most store hourly associates from Apr 2.

  • Coronavirus update: The coronavirus case count is surging as testing capacity increases worldwide
    Yahoo Finance

    Coronavirus update: The coronavirus case count is surging as testing capacity increases worldwide

    The coronavirus case count is surging as testing capacity increases worldwide

  • Economic recovery after the coronavirus hinges on one factor: former Bank of England governor
    Yahoo Finance

    Economic recovery after the coronavirus hinges on one factor: former Bank of England governor

    What will the global economic recovery from the coronavirus look like? Yahoo Finance speaks with former Bank of England Governor Mervyn King.

  • Coronavirus wreaks havoc on J.C. Penney's future
    Yahoo Finance

    Coronavirus wreaks havoc on J.C. Penney's future

    It's getting downright ugly for two of America's biggest department stores because of the coronavirus.

  • J.C. Penney furloughs staff, extends store closures amid pandemic
    Reuters

    J.C. Penney furloughs staff, extends store closures amid pandemic

    Furloughed employees will continue to receive full health benefits and many are eligible to receive state unemployment benefits, the company said, adding it would extend store closures until it was safe to reopen. Many of the Penney's workers in supply chain and logistics centers were previously furloughed on March 20, and those furloughs will continue, the company said.

  • Business Wire

    JCPenney Extends Store Closures and Provides Business Updates

    J. C. Penney Company, Inc. (NYSE: JCP) today announced it will extend the temporary closure of its stores and business offices due to the Coronavirus.

  • Penney (JCP) Down 44.6% Since Last Earnings Report: Can It Rebound?
    Zacks

    Penney (JCP) Down 44.6% Since Last Earnings Report: Can It Rebound?

    Penney (JCP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Coronavirus: 'There's going to be a generalized crushing of retailers in America'
    Yahoo Finance

    Coronavirus: 'There's going to be a generalized crushing of retailers in America'

    A new dire warning on the state of retail amidst the coronavirus outbreak from veteran investment banker Peter Solomon.

  • Taubman Shuts Properties to Contain Coronavirus Outbreak
    Zacks

    Taubman Shuts Properties to Contain Coronavirus Outbreak

    Closure of Taubman Centers (TCO) properties comes in line with the global efforts to contain the coronavirus pandemic.

  • Zacks Market Edge Highlights: JC Penney, Ulta, Visa, Mastercard and Twitter
    Zacks

    Zacks Market Edge Highlights: JC Penney, Ulta, Visa, Mastercard and Twitter

    Zacks Market Edge Highlights: JC Penney, Ulta, Visa, Mastercard and Twitter

  • Coronavirus hits retailers: Store closures and reduced hours (Updated)
    Yahoo Finance

    Coronavirus hits retailers: Store closures and reduced hours (Updated)

    Here’s an up-to-date list of retailers that are closing stores, here in the U.S. and globally, due to the coronavirus.

  • Business Wire

    JCPenney Temporarily Closes Stores and Business Offices in Response to Coronavirus (COVID-19)

    JCPenney (NYSE: JCP) today announced temporary store closures in response to the evolving global Coronavirus (COVID-19) pandemic.

  • Coronavirus Stock Market Sell-Off: Should You Buy Now?
    Zacks

    Coronavirus Stock Market Sell-Off: Should You Buy Now?

    Stocks have quickly sold off but is it really capitulation or just a fake-out?

  • Are Options Traders Betting on a Big Move in J. C. Penney (JCP) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in J. C. Penney (JCP) Stock?

    Investors need to pay close attention to J. C. Penney (JCP) stock based on the movements in the options market lately.

  • Kim Kardashian shapewear line Skims gives Nordstrom a much-needed lift
    Yahoo Finance

    Kim Kardashian shapewear line Skims gives Nordstrom a much-needed lift

    Nordstrom stores wins with Kim Kardashian.

  • Business Wire

    JCPenney Launches Style on the Go Curbside Pickup at 50 Additional Locations

    JCPenney (NYSE: JCP) today announced that it will expand curbside pickup services to 50 additional locations across the U.S.

  • J. C. Penney (JCP) Stock Declines Despite Q4 Earnings Beat
    Zacks

    J. C. Penney (JCP) Stock Declines Despite Q4 Earnings Beat

    J. C. Penney (JCP) loses investors' faith on soft sales performance in fourth-quarter fiscal 2019 despite an earnings beat. For fiscal 2020, comps are likely to fall 3.5-4.5%.

  • J.C. Penney comparable sales outlook disappoints while earnings beat estimates
    Reuters

    J.C. Penney comparable sales outlook disappoints while earnings beat estimates

    Shares of the 117-year-old department store chain, which have lost 35% of their value this year, were down roughly 7% in morning trading. Plano, Texas-based Penney has struggled for years to excite consumers with its mid-priced range of apparel, and has lost a lot of shoppers to online behemoths like Amazon.com Inc and off-price retailers like TJX Cos Inc as it reworks its business strategy. Under Chief Executive Officer Jill Soltau, Penney has shut unprofitable stores, ditched selling major appliances last year to sharpen its focus on more profitable apparel sales, and is testing a new store model that includes a yoga studio, a videogame lounge and lifestyle workshops.

  • J.C. Penney (JCP) Surpasses Q4 Earnings and Revenue Estimates
    Zacks

    J.C. Penney (JCP) Surpasses Q4 Earnings and Revenue Estimates

    Penney (JCP) delivered earnings and revenue surprises of 262.50% and 1.48%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Beyond Meat, Best Buy earnings: What to know in markets Thursday
    Yahoo Finance

    Beyond Meat, Best Buy earnings: What to know in markets Thursday

    In a busy day for earnings announcements, investors will be paying close attention to reports from big box retailer Best Buy and Beyond Meat

  • Home Depot, Macy's, TJX Companies, Best Buy and JC Penney are part of Zacks Earnings Preview
    Zacks

    Home Depot, Macy's, TJX Companies, Best Buy and JC Penney are part of Zacks Earnings Preview

    Home Depot, Macy's, TJX Companies, Best Buy and JC Penney are part of Zacks Earnings Preview

  • J. C. Penney (JCP) Q4 Earnings to Reflect Soft Holiday Sales
    Zacks

    J. C. Penney (JCP) Q4 Earnings to Reflect Soft Holiday Sales

    J. C. Penney's (JCP) soft comps during the holiday season and the exit from major appliance and in-store furniture categories might have hurt fourth-quarter fiscal 2019 performance.

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