JC Penney
New York symbol JCP, operates department stores throughout the United States.
Retail spending continues to rise in the U.S., even with continued weakness in job and housing markets. That’s good news for these three leading department-store operators. All three should continue to benefit from the investments they have made in new stores, and in building their brands and online businesses.
MACY’S INC. $30 (New York symbol M, Aggressive Growth Portfolio, Consumer sector; …read more »
J.C. Penney Co. Inc., symbol JCP on New York, operates more than 1,100 department stores in the U.S. and Puerto Rico. It also sells its goods over the Internet.
J.C. Penney is one of the companies we analyze in Wall Street Stock Forecaster, our newsletter that helps you invest in stocks in the U.S. markets.
In the three months ended April 30, …read more »
J.C. PENNEY CO. INC. $36 (New York symbol JCP; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 229.9 million; Market cap: $8.3 billion; Price-to-sales ratio: 0.5; Dividend yield: 2.2%; TSINetwork Rating: Average; www.jcpenney.com) reported that its sales rose 0.4% in the three months ended April 30, 2011, to $3.94 billion from $3.93 billion a year earlier. The shutdown of …read more »
J.C. Penney, symbol JCP on New York, operates 1,100 department stores in the U.S. and Puerto Rico. It also sells its goods over the Internet.
In its 2010 fiscal year, which ended January 29, 2011, the U.S. stock pick’s sales rose 1.2%, to $17.8 billion from $17.6 billion in 2009. Its same-store sales increased 2.5%. The company launched a number of …read more »
CINTAS CORP. $29 (www.cintas.com) earned $55.9 million in its fiscal 2011 second quarter, which ended November 30, 2010. That’s down 2.3% from $57.2 million a year earlier. However, earnings per share rose 2.7%, to $0.38 from $0.37, on fewer shares outstanding. If you exclude a legal settlement in the year-earlier quarter, earnings per share would have risen 8.6%. Revenue rose …read more »
J.C. PENNEY CO. INC. $32 (New York symbol JCP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 236.4 million; Market cap: $7.6 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.5%; WSSF Rating: Average) operates 1,100 department stores in the U.S. and Puerto Rico. It also sells goods over the Internet.
In its second quarter, which ended July 31, 2010, J.C. Penney reported …read more »
J.C. PENNEY CO. INC. $50 (New York symbol JCP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 221.7 million; Market cap: $11.1 billion; WSSF Rating: Average) operates 1,067 department stores throughout the United States and Puerto Rico. About 40% of U.S. households have shopped at a JC Penney store in the past year.
Apparel, footwear and jewelry account for about 75% of …read more »
Fears of slowing customer spending, spurred by lower consumer confidence in the wake of the housing market slowdown and higher fuel prices, have driven down the stocks of most retailers in the past year. The weaker U.S. dollar also makes imports more expensive.
Department store operator J.C. Penney is down 43% from its all-time peak of $87 a year ago. However, …read more »
