Last $11.06 USD
Change Today -0.08 / -0.72%
Volume 17.7M
JCP On Other Exchanges
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As of 8:04 PM 09/12/14 All times are local (Market data is delayed by at least 15 minutes).

j.c. penney co inc (JCP) Snapshot

Open
$11.14
Previous Close
$11.14
Day High
$11.30
Day Low
$11.01
52 Week High
09/16/13 - $13.92
52 Week Low
02/4/14 - $4.90
Market Cap
3.4B
Average Volume 10 Days
15.9M
EPS TTM
$-3.22
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 August 5, 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

FRANK & BIANCO LLP Files Lawsuit Against J. C. Penney Company, Inc

FRANK & BIANCO LLP announced that it has filed a class action complaint in the United States District Court for the Eastern District of Texas against J. C. Penney Company, Inc. The lawsuit is filed on behalf of purchasers of the publicly traded securities, other than the common stock, of J. C. Penney Company, Inc. between August 20, 2013, and September 26, 2013, inclusive. The lawsuit alleged violations of the Securities Exchange Act of 1934 that occurred when the Defendants issued materially false and misleading statements regarding the company's business and prospects. Specifically, it is alleged that during the class period, defendants made false and misleading statements about or knew but failed to disclose that: JCPenney was experiencing a shortage of inventory for fiscal year 2013; the company's liquidity was limited; and as a result of defendants' false and misleading statements, JCPenney's securities traded at artificially inflated prices.

JCPenney Abandons Anchor Store at Bellevue Square Mall

JCPenney announced it is closing its longtime store at Bellevue Square Mall. Bellevue Square spokeswoman Jennifer Leavitt on Wednesday said that JCPenney has operated at Bellevue Square since 1959. The company is making plans to replace the department store at the south end of the 1.3-million-square-foot mall. Bellevue Square is in the midst of a $1.2 billion expansion that will add about 400,000 square feet of retail, restaurant and entertainment space along with office high-rise, apartment buildings and two hotels. JCPenney has been struggling lately. A week ago, though, shares rallied while the company's debt costs fell after J.P. Morgan published a bullish note on the department store chain, citing new management to planned store closures, according to a report on MarketWatch. An analyst said he thought the company would like close more than 100 of its approximately 1,060 stores. The closure of the Bellevue store leaves JCPenney with eight stores in the metropolitan Puget Sound area.

J. C. Penney Company, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended Aug. 2, 2014; Provides Earnings Guidance Third Quarter and Full-Year of 2014

J. C. Penney Company, Inc. announced unaudited consolidated financial results for the second quarter and six months ended Aug. 2, 2014. For the quarter, the company reported net sales of $2.80 billion compared to $2.66 billion in the second quarter of 2013. Operating loss was $70 million against $395 million a year ago. Loss before income taxes was $176 million against $604 million a year ago. Net loss was $172 million against $586 million a year ago. Loss per basic and diluted share was $0.56 against $2.66 a year ago. Net cash provided by operating activities was $137 million against net cash used in operating activities of $708 million a year ago. Capital expenditures were $61 million against $439 million a year ago. Non-GAAP EBITDA was $90 million against non-GAAP LBITDA of $252 million a year ago. Non-GAAP adjusted EBITDA was $39 million against non-GAAP adjusted LBITDA of $242 million a year ago. Non-GAAP adjusted operating loss was $121 million against $385 million a year ago. Free cash flow for the quarter was a positive $76 million, representing an over $1.2 billion improvement from the same period last year. This improvement was operationally driven by significant improvement in the profitability of business and strong inventory management. For the six months, the company reported total net sales of $5,600 million against $5,298 million a year ago. Operating loss was $317 million against $881 million a year ago. Loss before income taxes was $520 million against $1,151 million a year ago. Net loss was $524 million against $934 million a year ago. Loss per basic and diluted share was $1.72 against $4.24 a year ago. Net cash used in operating activities was $134 million against $1,460 million a year ago. Capital expenditures were $141 million against $653 million a year ago. Non-GAAP EBITDA was $1 million against non-GAAP LBITDA of $602 million a year ago. Adjusted EBITDA Non-GAAP adjusted EBITDA was $45 million against non-GAAP adjusted LBITDA of $495 million a year ago. Non-GAAP adjusted operating loss was $363 million against $774 million a year ago. The company's guidance for the third quarter of 2014 is: Comparable store sales: expected to increase mid-single digits and gross margin: expected to be in-line with second quarter of 2014, approximately 650 basis points of improvement over third quarter of last year. The company's updated 2014 full-year guidance is: Comparable store sales: expected to increase mid-single digits; Gross margin: expected to improve significantly versus 2013; Free cash flow: expected to be positive; Capital expenditures: expected to be approximately $250 million; and depreciation and amortization: expected to be approximately $640 million.

 

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JCP

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Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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