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JCP

J.C. Penney

$3.08

0.17 (5.84%)

08:57
05/17/18
05/17
08:57
05/17/18
08:57

J.C. Penney reiterates 2018 FCF view $200M-$300M

Says will focus more on apparel going forward. Says gross margin is a major focus for the company. Says confident continued execution of pricing analytics, enhanced ecommerce channel and continued sales improvement across higher-margin categories like apparel can help improve gross margin going forward. Says completed sale of Milwaukee, Wis. distribution center in Q1. Says only has $50M of debt maturing in October 2019 and $110M maturing in June 2020. Says remains confident in funding near-term maturities with free cash flow. Says teams remain committed to effectively managing inventory levels without limiting customer availabity. Expects Q2 comp sales in the middle of annual guidance range. Expects SG&A dollars to be down versus last years. Says remains focused on strategic framework of omnichannel, private brands and revenue of customers. Says focused on enhancing apparel and beauty. Says plans to rebrand and remodel 100 InStyle salons in 2018. Says looks forward to expanding health and wellness with Fitbit partnership. Says continuing commitment to becoming "world-class" omnichannel retailer. Says continues to position company to take market share from ailing competitors. Says identified over 300 malls in which the company will aggressively pursue Home sales opportunities. Says sees opportunities to capture market share in baby gifts, footwear and toy category. Comments taken from Q1 earnings conference call.

  • 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.

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

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S&P 500

$0.00

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SCS

Steelcase

$16.10

0.8 (5.23%)

, ACAD

Acadia

$19.08

3.97 (26.27%)

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$16.10

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ACAD

Acadia

$19.08

3.97 (26.27%)

TXN

Texas Instruments

$108.50

1.14 (1.06%)

MCD

McDonald's

$160.84

1.65 (1.04%)

RDS.A

Royal Dutch Shell

$66.83

0.57 (0.86%)

PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

UNFI

United Natural Foods

$33.83

0.54 (1.62%)

MU

Micron

$46.06

1.01 (2.24%)

SGH

Smart Global

$30.44

0.7 (2.35%)

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KORS

Michael Kors

$72.72

-0.33 (-0.45%)

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  • 20

    Sep

MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

19:00
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Hot Stocks
Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

    Oct

MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

    Oct

ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
09/20/18
09/20
18:54
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18:54
Upgrade
Acadia rating change  »

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  • 01

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
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18:48
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Acadia rating change  »

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  • 01

    Oct

SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

18:45
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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
09/20/18
09/20
18:44
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Periodicals
Tesla VP of global supply management O'Connor to leave company, Bloomberg says »

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CRBP

Corbus Pharmaceuticals

$7.90

2.75 (53.40%)

18:34
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MCD

McDonald's

$160.84

1.65 (1.04%)

18:32
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McDonald's says dividend hike reinforces confidence in long-term targets »

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  • 24

    Sep

MCD

McDonald's

$160.84

1.65 (1.04%)

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  • 24

    Sep

TTPH

Tetraphase

$3.16

0.14 (4.64%)

18:10
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Tetraphase analyst commentary  »

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  • 01

    Oct

SGH

Smart Global

$30.44

0.7 (2.35%)

18:07
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Syndicate
Breaking Syndicate news story on Smart Global »

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SGH

Smart Global

$30.44

0.7 (2.35%)

18:07
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Syndicate
Breaking Syndicate news story on Smart Global »

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PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

17:46
09/20/18
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17:46
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17:46
Recommendations
Pier 1 Imports analyst commentary at Loop Capital »

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MU

Micron

$46.06

1.01 (2.24%)

17:43
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Breaking Hot Stocks news story on Micron »

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ACXM

Acxiom

$50.28

2.09 (4.34%)

, IPG

Interpublic Group

$22.68

0.315 (1.41%)

17:41
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Acxiom shareholders approve AMS sale, will switch name to LiveRamp after close »

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ACXM

Acxiom

$50.28

2.09 (4.34%)

IPG

Interpublic Group

$22.68

0.315 (1.41%)

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  • 06

    Nov

IPCI

Intellipharmaceutics

$2.92

0.15 (5.42%)

17:39
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Syndicate
Breaking Syndicate news story on Intellipharmaceutics »

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NOC

Northrop Grumman

$301.53

-10.71 (-3.43%)

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YUM

Yum! Brands

$88.96

0.39 (0.44%)

17:28
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Yum! Brands analyst commentary at Tigress Financial »

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  • 26

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Conference/Events
SEC to hold an investor roundtable »

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FSCT

ForeScout

$39.56

1.2 (3.13%)

17:24
09/20/18
09/20
17:24
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ForeScout beneficial owner Amadeus Capital Partners sells $4.6M in shares »

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  • 10

    Dec

MU

Micron

$46.06

1.01 (2.24%)

17:23
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Micron says it is seeing CPU shortage »

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