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JCP

J.C. Penney

$3.08

0.17 (5.84%)

07:37
05/17/18
05/17
07:37
05/17/18
07:37

J.C. Penney CEO says encouraged by February, March comp performance

J.C. Penney CEO Marvin Ellison said, "During the first quarter, we achieved a positive sales comp of 0.2 %, which was impacted in large part by a very late start to Spring where we experienced cooler than normal temperatures in April. Although our overall top line sales results came in below our expectations for the quarter, we were encouraged by the strong positive comp performance throughout February and March, as well as the last two weeks of April, when temperatures began to normalize. Overall, we believe that our strategies are beginning to take hold, as we are seeing improvement in a number of areas. Apparel categories performed well during seasonable weather periods, and our beauty and home refresh initiatives performed well above our total comp sales performance for the quarter. The strength in sales performance early in the quarter, our investments in enhancing our apparel categories, continued strength in our beauty and home refresh initiatives and a focus on taking market share from ailing retailers all give us confidence in our annual comp sales guidance of flat to up 2%. Our teams remain committed to improving our core apparel business and executing on our strategic growth initiatives." J.C. Penney has revised its 2018 full year guidance, stating that the revised view "reflects only the impact of the adoption of new revenue recognition and pension accounting standards."

  • 17

    May

JCP J.C. Penney
$3.08

0.17 (5.84%)

11/30/17
COWN
11/30/17
NO CHANGE
Target $4
COWN
Market Perform
J.C. Penney taking steps toward a comeback, says Cowen
Cowen analyst Oliver Chen met with J.C. Penney and said he is confident the company's liquidity, its multi-year ability to drive free cash flow, and controlled capital expenditures will mitigate some risk. He likes management's simplification of marketing, its value messaging and execution, and leveraging of non-apparel categories, which should drive greater consistency in traffic and growth. Chen maintains his Market Perform rating and $4 price target on J.C. Penney shares as he looks for visibility on greater consistency in traffic trends.
12/22/17
MSCO
12/22/17
NO CHANGE
MSCO
TJX stands to benefit from Bon-Ton closures, says Morgan Stanley
After analyzing which department stores and off-price retailers have the greatest overlap with troubled retailer Bon-Ton Stores (BONT), Morgan Stanley analyst Kimberly Greenberger found that over 40% of Bon-Ton's have a TJX (TJX) concept within a one mile radius and she sees it as the retailer that could benefit the most from a Bon-Ton liquidity event. Though Sears (SHLD) has the greatest overlap overall, there is no evidence to suggest it, nor Kohl's (KSS) and J.C. Penney (JCP), have been able to capitalize on Bon-Ton's struggles so far, added Greenberger.
03/12/18
FBCO
03/12/18
INITIATION
Target $2.5
FBCO
Underperform
J.C. Penney initiated with an Underperform at Credit Suisse
Credit Suisse initiated J.C. Penney with an Underperform and $2.50 price target.
04/19/18
MSCO
04/19/18
NO CHANGE
Target $1550
MSCO
Overweight
Amazon gaining apparel market share in U.S., says Morgan Stanley
Morgan Stanley analyst Brian Nowak said his analysis shows that Amazon (AMZN) gained 1.5% of U.S. apparel market share in 2017, largely at the expense of department stores. He estimates Amazon is the second largest U.S. apparel retailer, trailing only Walmart (WMT), and expects the e-commerce giant to take the number one spot in terms of U.S. apparel market share in 2018. Cumulatively, Nowak estimates Sears (SHLD), Macy's (M) and J.C. Penney (JCP) lost 0.8% share in 2017, with shareholdings remaining roughly flat for Target (TGT) and Kohl's (KSS). He maintains an Overweight rating and $1,550 price target on Amazon shares.

TODAY'S FREE FLY STORIES

08:40
09/19/18
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Conference/Events
The Atlanta Society of Finance & Investment Professionals to hold a meeting »

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$28.39

-0.16 (-0.56%)

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$26.10

-0.5 (-1.88%)

08:39
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DA Davidson to hold a conference »

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OceanFirst Financial

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SB One Bancorp

$26.10

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WSFS Financial

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Middlefield Banc

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Emclaire Financial

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TSC

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$28.40

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S&T Bancorp

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CSII

Cardiovascular Systems

$38.05

0.47 (1.25%)

08:39
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09/19
08:39
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08:39
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  • 09

    Oct

AMRX

Amneal Pharmaceuticals

$23.46

0.62 (2.71%)

, JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

08:38
09/19/18
09/19
08:38
09/19/18
08:38
Recommendations
Amneal Pharmaceuticals, Jazz Pharmaceuticals, Mylan, Amgen, Teva analyst commentary  »

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AMRX

Amneal Pharmaceuticals

$23.46

0.62 (2.71%)

JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

MYL

Mylan

$37.80

0.59 (1.59%)

AMGN

Amgen

$202.32

1.5 (0.75%)

TEVA

Teva

$24.50

1.06 (4.52%)

03/08/13
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MGRC

McGrath RentCorp

$52.86

-0.15 (-0.28%)

08:37
09/19/18
09/19
08:37
09/19/18
08:37
Initiation
McGrath RentCorp initiated  »

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  • 27

    Sep

MINI

Mobile Mini

$42.50

0.4 (0.95%)

08:37
09/19/18
09/19
08:37
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08:37
Initiation
Mobile Mini initiated  »

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ZSAN

Zosano Pharma

$3.96

0.05 (1.28%)

08:37
09/19/18
09/19
08:37
09/19/18
08:37
Hot Stocks
Zosano Pharma releases three registration batches of M207 to support NDA »

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AZO

AutoZone

$732.74

-14.79 (-1.98%)

08:36
09/19/18
09/19
08:36
09/19/18
08:36
Recommendations
AutoZone analyst commentary  »

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  • 29

    Oct

RCON

Recon Technology

$1.21

(0.00%)

08:35
09/19/18
09/19
08:35
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08:35
Hot Stocks
Recon Technology signs $2.1M contract with Xinjian East Hope »

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RDCM

Radcom

$14.10

1.85 (15.10%)

08:35
09/19/18
09/19
08:35
09/19/18
08:35
Recommendations
Radcom analyst commentary  »

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TLRY

Tilray

$154.99

34.79 (28.94%)

08:33
09/19/18
09/19
08:33
09/19/18
08:33
Technical Analysis
Technical Take: Tilray sharply higher in pre-market »

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ASYS

Amtech Systems

$5.24

0.11 (2.14%)

08:33
09/19/18
09/19
08:33
09/19/18
08:33
Hot Stocks
Amtech Systems receives order for N-type solar cells from Trina Solar »

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MGM

MGM Resorts

$27.59

0.17 (0.62%)

08:32
09/19/18
09/19
08:32
09/19/18
08:32
Periodicals
Starboard Value takes large position in MGM Resorts, New York Post reports »

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  • 20

    Sep

GPC

Genuine Parts

$101.32

0.67 (0.67%)

08:32
09/19/18
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08:32
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08:32
Hot Stocks
Genuine Parts announces Industrial, Automotive acquisitions »

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  • 29

    Oct

VNE

Veoneer

$51.99

-1.59 (-2.97%)

08:32
09/19/18
09/19
08:32
09/19/18
08:32
Initiation
Veoneer initiated  »

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  • 29

    Oct

NIO

NIO Inc.

$7.69

-0.82 (-9.64%)

, ACSF

American Capital Senior Floating

$0.00

(0.00%)

08:30
09/19/18
09/19
08:30
09/19/18
08:30
Options
One new option listing and one option delisting on September 19th »

New option listings for…

NIO

NIO Inc.

$7.69

-0.82 (-9.64%)

ACSF

American Capital Senior Floating

$0.00

(0.00%)

03/08/13
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VKTX

Viking Therapeutics

$19.47

9.07 (87.21%)

08:28
09/19/18
09/19
08:28
09/19/18
08:28
Recommendations
Viking Therapeutics analyst commentary  »

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  • 01

    Oct

ZEAL

Zealand Pharma

$18.48

0.4 (2.21%)

, NVO

Novo Nordisk

$47.44

-0.2 (-0.42%)

08:27
09/19/18
09/19
08:27
09/19/18
08:27
Recommendations
Zealand Pharma, Novo Nordisk analyst commentary  »

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ZEAL

Zealand Pharma

$18.48

0.4 (2.21%)

NVO

Novo Nordisk

$47.44

-0.2 (-0.42%)

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WLK

Westlake Chemical

$83.89

-1.82 (-2.12%)

08:26
09/19/18
09/19
08:26
09/19/18
08:26
Downgrade
Westlake Chemical rating change  »

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ALLK

Allakos

$44.88

0.95 (2.16%)

08:25
09/19/18
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08:25
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08:25
Conference/Events
William Blair biotech analysts to hold an analyst/industry conference call »

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  • 19

    Sep

SPWR

SunPower

$7.55

0.97 (14.74%)

, ENPH

Enphase Energy

$4.35

0.48 (12.40%)

08:24
09/19/18
09/19
08:24
09/19/18
08:24
Recommendations
SunPower, Enphase Energy, First Solar analyst commentary  »

Tariff exemption a…

SPWR

SunPower

$7.55

0.97 (14.74%)

ENPH

Enphase Energy

$4.35

0.48 (12.40%)

FSLR

First Solar

$49.56

1.81 (3.79%)

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  • 15

    Nov

08:23
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Conference/Events
JPMorgan to hold a summit »

India Investor Summit…

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
09/19/18
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09/19/18
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DJ Transportation Average: Pivot points »

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08:20
09/19/18
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09/19/18
08:20
General news
Senate Judiciary vote on Kavanaugh Supreme Court vote cancelled, CNN reports »

The Senate Judiciary…

$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
09/19/18
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08:20
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Technical Analysis
DJ Utility Average: Pivot points »

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