Last $8.75 USD
Change Today +0.01 / 0.11%
Volume 9.0M
JCP On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

j.c. penney co inc (JCP) Snapshot

Open
$8.80
Previous Close
$8.74
Day High
$8.89
Day Low
$8.68
52 Week High
07/16/13 - $17.80
52 Week Low
02/4/14 - $4.90
Market Cap
2.7B
Average Volume 10 Days
14.1M
EPS TTM
$-5.02
Shares Outstanding
304.8M
EX-Date
05/15/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for J.C. PENNEY CO INC (JCP)

j.c. penney co inc (JCP) Details

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating. As of February 26, 2014, it operated 1,100 stores. The company also sells its products through its Website, jcp.com. J. C. Penney Company, Inc. was founded in 1902 and is based in Plano, Texas.

117,000 Employees
Last Reported Date: 03/21/14
Founded in 1902

j.c. penney co inc (JCP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $810.6K
Executive Vice President, General Counsel and...
Total Annual Compensation: $700.0K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $436.0K
Executive Vice President of Human Resources
Total Annual Compensation: $415.9K
Compensation as of Fiscal Year 2013.

j.c. penney co inc (JCP) Key Developments

J. C. Penney Company, Inc. Announces Closing of $2.35 Billion Credit Facility

J. C. Penney Company, Inc. announced that it has closed its new $2.35 billion asset-based senior secured credit facility, comprised of a $1.850 billion revolving line of credit and a $500 million term loan. The new facility replaces a $1.850 billion credit facility that was scheduled to mature in April 2016 and provides better pricing terms than the previous facility. Proceeds from the term loan will be used to pay down the cash borowings on the previous facility. The revolving line of credit will be available for working capital and general corporate purposes. The arrangement of the credit facility was co-led by Wells Fargo, Bank of America Merrill Lynch, J.P. Morgan, Barclays and Goldman Sachs.

J. C. Penney Company, Inc. Approves Amendments to its Certification of Incorporation

J. C. Penney Company, Inc. that at its annual meeting of stockholders held on may 16, 2014 stockholders approved the amendments to the company's restated certification of incorporation, as amended, to restrict certain transfers of the company's common stock in order to protect the tax benefits of the company's net operating loss carryforwards.

J. C. Penney Company, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended May 3, 2014; Provides Earnings Guidance for the Second Quarter and Year of 2014

J. C. Penney Company, Inc. announced unaudited consolidated financial results for the first quarter ended May 3, 2014. For the quarter, the company reported total net sales of $2,801 million against $2,635 million a year ago. Loss before income taxes was $344 million against $547 million a year ago. Net loss was $352 million or $1.15 per diluted share against $348 million or $1.58 per diluted share a year ago. Net cash used in operating activities was $271 million against $752 million a year ago. Capital expenditures was $80 million against $214 million a year ago. Adjusted net loss (non-GAAP) was $353 million or $1.16 per diluted share against $289 million or $1.31 per diluted share a year ago. Comparable store sales increased 6.2% for the quarter or 7.4% under the new comparable store sales calculation. Operating profit improved 50% to a loss of $247 million, compared to a loss of $486 million last year. Property and equipment was $5,510,000,000, down from $5,690,000,000 in the first quarter a year ago. The company's guidance for the second quarter of 2014 is as comparable store sales: expected to increase mid-single digits; gross margin: expected to improve sequentially versus first quarter of 2014; and depreciation and amortization: expected to be approximately $155 million. The company's 2014 full-year guidance is as comparable store sales: expected to increase mid-single digits; gross margin: expected to improve significantly versus 2013; free cash flow: expected to be breakeven; capital expenditures: expected to be approximately $250 million; and depreciation and amortization: expected to be approximately $630 million.

 

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JCP

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Valuation JCP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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