JC Penney; Equifax — CORPORATE REPORT

Penney store in Pembroke Pines Fla. J.C. Penney Co. Inc. reports earnings Friday Nov. 10 2017

"You're going to see in our new holiday campaign a huge emphasis on value and price", J.C. Penney CEO Marvin Ellison said on a call to discuss earnings, noting that where the retailer did not have a centralized pricing strategy just over a year ago, it would now be aggressive on pricing online and in stores. The biggest holder now is Mr. Marvin R. Ellison who owns 2,852,280 shares (0.92% of those outstanding), whilst Mr. Allen Questrom holds 1,856,228 (0.60% of shares outstanding) and Myron E. Ullman, III holds 1,273,424 (0.41% of shares outstanding). These holdings make up 72.91% of the company's outstanding shares. GA ADV raised its position in shares of J.C. Penney by 2.8% in the second quarter. The stock presently has an average rating of "Hold" and an average target price of $11.44.

Shares of J.C. Penney Company, Inc. IBM Retirement Fund now owns 31,071 shares of the department store operator's stock valued at $276,000 after buying an additional 467 shares in the last quarter. Quotient Investors LLC acquired a new position in J.C. Penney during the second quarter valued at approximately $1,316,000.

J.C. Penney's net loss widened to $128 million, or 41 cents per share, in the quarter ended October 28, from $67 million, or 22 cents per share, a year earlier, partly because of the heavy discounting. Holding has a 1-year low of $2.35 and a 1-year high of $10.74.

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A good method of evaluating a public company's profitability is by taking a look at its Earnings per Share (EPS) performance. Despite this decline, it still came in above analysts' revenue estimate of $2.74 billion for the third quarter of the year. The disclosure for this purchase can be found here. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark law. Riley Analysts Give J.C. Penney Company, Inc. Insiders bought a total of 310,135 shares of company stock valued at $1,111,391 over the last ninety days. Our growth strategies and new apparel initiatives led to sequential comp sales improvement in almost all merchandise categories in the third quarter, giving us confidence that our overall strategy and transformation is beginning to take hold.

Shares of J.C. Penney Co. IL increased its stake in J.C. Penney Company, Inc. Holding by 10.6% in the second quarter. Holding by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after acquiring an additional 4,205 shares in the last quarter. There's heightened competition from rival e-commerce site JD.com, which has partnerships with Tencent Holdings Ltd. and Baidu Inc.to drive traffic. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.

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