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J.C. Penney Earnings Preview: Q1 2013Selerity Research • Wed, May 15 -
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The Week Ahead: Will The Rally Continue?Alexander Pottmeyer • Sun, May 12 -
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J.C. Penney Earnings Preview: Q1 2013Selerity Research • Wed, May 15
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The Week Ahead: Will The Rally Continue?Alexander Pottmeyer • Sun, May 12
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It's Really Going Bed Bath & BeyondSeth Golden • Fri, Apr 19
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at MarketWatch.com (Fri, 4:58PM)
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at CNBC.com (Fri, 4:27PM)
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at CNBC.com (Fri, 4:20PM)
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at Fox Business (Fri, 10:25AM)
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at Fox Business (Fri, 10:21AM)
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at CNBC.com (Fri, 8:56AM)
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at MarketWatch.com (Fri, 8:28AM)
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at CNBC.com (Fri, 7:57AM)
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at Fox Business (Fri, 7:37AM)
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at CNBC.com (Thu, 7:33PM)
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at CNBC.com (Thu, 7:01PM)
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at CNBC.com (Thu, 6:37PM)
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at CNBC.com (Thu, 5:58PM)
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at MarketWatch.com (Thu, 5:23PM)
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at CNBC.com (Thu, 5:08PM)
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at Fox Business (Thu, 4:45PM)
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at CNBC.com (Thu, 4:21PM)
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at CNBC.com (Thu, 2:36PM)
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at CNBC.com (Thu, 9:12AM)
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at MarketWatch.com (Thu, 8:57AM)
JCP vs. ETF Alternatives
Company Description
J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). JCP was incorporated in Delaware in 1924, and J. C. Penney Company, Inc. was incorporated in Delaware in 2002, when the holding company structure was implemented. The new... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 17, 6:54 AM Retail watch: Chipotle (CMG), J.C. Penney (JCP), and Macy's (M) all hold their annual shareholder meeting today with each company expected to outline channels to find new growth. The trio could also use their meeting to back earnings guidance or tip off current sales trends. Comment! [Consumer]
- Thursday, May 16, 7:54 PM Some notes from the J.C. Penney (JCP) Q1 earnings call: CEO Mike Ullman has identified 30 to 40 areas to improve, adding that he doesn't see any structural issues that would prevent a turnaround and thinks margin will return to 2011 levels. He notes that 2013 CAPEX spending is nearing completion, and he plans to bring back 3 or 4 private label brands. Read more on JCP's earnings call here: Earnings Call Transcript. Shares -1.7% AH. 2 Comments [Consumer, Earnings, On the Move]
- Thursday, May 16, 4:48 PM More on J.C. Penney (JCP) Q1 earnings: Cash burned through from operations is $752M vs. $577M a year ago. Cash used for capex of $214M vs. $107M a year ago. Totalled together, the company went through nearly $1B in cash in Q4 vs. $684M a year ago. New CEO Mike Ullman: "We are looking forward, not back." Indeed. Shares are all over the place AH, currently flat. CC at 5 ET. (PR) Comment! [Earnings, Financials, On the Move]
- Thursday, May 16, 4:36 PM J. C. Penney (JCP): Q1 EPS of -$1.31 misses by $0.35. Revenue of $2.64B misses by $0.08B. Shares +1.4% AH. (PR) 4 Comments [Earnings, Breaking News, On the Move]
- Thursday, May 16, 12:10 AM Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET Comment! [Earnings]
- Wednesday, May 15, 5:35 PM Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET Comment! [Earnings]
- Wednesday, May 15, 7:24 AM The board at J.C. Penney (JCP) has thrown its support behind CEO Mike Ullman and may keep the exec on the job longer than an antsy Bill Ackman wants, according to sources. Ullman has built up enough forward momentum at the retailer that his job appears to be safe through the critical back-to-school and holiday seasons from an Ackman-led replacement search. 4 Comments [Consumer]
- Tuesday, May 14, 3:38 PM An independent appraisal on the value of J.C. Penney (JCP +2.7%) stores and corporate buildings came in at $4.06B, according to a SEC filing (8-K). The mark appears to be well below what Morgan Stanley tabulated the assets to be worth just last week. 7 Comments [Consumer]
- Monday, May 13, 3:59 PM The rest of the top 25 heavily shorted S&P 1500 stocks: ESI, GTAT, DGIT, LQDT, WRLD, JCP, GME, FRAN, SVU, ONE, AKS, CRR, EBIX, DDD, SPF, DMND, DECK, BKS, COCO, X. 7 Comments
- Monday, May 13, 9:11 AM More on retail sales: Building material and garden equipment sales (HD, LOW) were again, up 1.5% M/M and 4.1% Y/Y, while department store sales (SHLD, KSS, M, JWN, JCP) trailed expectations. Grocery store sales (KR, SVU, SWY) slipped during April compared to March but were 2% than a year ago on pricing gains. 1 Comment [U.S. Economy, Consumer]
- Wednesday, May 8, 2:39 PM No news is good news as shares of J.C. Penney (JCP +7%) stay at elevated levels following Bill Ackman's presentation at the Ira Sohn conference with nary a mention of the retailer. With George Soros an investor and two hedge funds rumored to be moving in, Ackman may figure he can share the heavy lifting on JCP. Comment! [Consumer, On the Move]
- Wednesday, May 8, 8:05 AM The market is way ahead of itself in pricing in a successful J.C. Penney (JCP) restructuring, according to Margaret Bogenrief. She argues that with most of the retailer's assets pledged and the financial engineering running out of new tricks, things could easily get worse before they get better. JCP +0.3% premarket. 2 Comments [Consumer]
- Tuesday, May 7, 4:19 PM J.C. Penney (JCP) reports preliminary Q1 revenue of $2.635B, a mark which sits just short of the consensus estimate of analysts. A comparable store sales decline of 16.6% during the quarter is actually an improvement, but the retailer is starting to run up against soft comps. JCP +2.3% AH to $16.77 as the quarter for the retailer has some appearances of a bottoming out of the sales plunge with more home goods on tap for Q2. 6 Comments [Consumer, Earnings, On the Move]
- Tuesday, May 7, 9:29 AM Retail sales numbers for April could be a tad weaker than expected after weekly reports from Redbook and ICSC-Goldman on chain store sales both came in a bit below expectations. Retail read-through: Weather and swings in gas prices seemed to impact store traffic to malls (KSS, DDS, JCP, LTD, GPS, ANF, AEO) and supercenters (WMT, COST TGT), but economists think consumer confidence on the high end (TIF, RL, SKS, COH, BBBY) just might be on the rise. Also, with online sales de-emphasized in the weekly chain store reports - Internet whiz kids Macy's (M) and Urban Outfitters (URBN) could still outperform even if mall parking lots aren't packed. 1 Comment [Consumer, U.S. Economy]
- Monday, May 6, 1:07 PM This week a number of high-profile investment managers will gather at the Ira Sohn Investment Conference in NYC. What to watch: 1) Shares of Lululemon (LULU -2%) are already a bit skittish as rumors up crop up that a short seller will present his or her thesis on the retailer. 2) Bill Ackman is expected to give a lift to J.C. Penney (JCP -0.9%) and back the recent moves by the company. 3) David Einhorn will have to revisit Chiptole (CMG +1.7%) after shares rose ~30% since his attempted "nosebleed valuation" takedown of the restaurant operator. Will Einhorn double-down on his short bet? 3 Comments [Consumer]
- Wednesday, May 1, 1:20 PM J.C. Penney (JCP -3.1%) posts a video on YouTube (video) in which the retailer mournfully apologizes for its mistakes and asks customers to come back. Of note, it appears the company is moving away from using the JCP monicker in the post-Ron Johnson era. 14 Comments [Consumer]
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Noodlez: i trade warrants. and i can because europe markets are open. ;)
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Quoth the Raven
Hey, $JCP, put your damn phones on silent, not vibrate, during conference calls. Get it together. - View all 3 replies
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Quoth the Raven: The whole call, "ping", "buzz", "ping", "buzz". Gimme a break.
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Antony Luckshman: Only time bears will cover is when there is substantial and sustained demand on the buy side. Currently there is none. -
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Quoth the Raven
Bought a dirt cheap $16/$22 June options strangle on J.C. Penney for earnings. Hoping for volatility, bought the extra month in case. $JCP - View all 0 replies
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Quoth the Raven
Are you long or short going into J.C. Penney's earnings after-hours today, and why? $JCP $SPY - View all 6 replies
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techwonk: not sure sprasad03, how similar are JCP and Macy's customers?
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BA Capital
Does anybody know what percentage of $JCP stock is shorted? Last I knew it was nearly 25%. I feel like we are about to see a short squeeze - View all 1 replies
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$JCP http://reut.rs/10FyMwk J. C. Penney's stores & real estate are valued at $4.06 bln, according to reports - View all 0 replies
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LATEST REPLIES
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Antony Luckshman: Only time bears will cover is when there is substantial and sustained demand on the buy side. Currently there is none.
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Quoth the Raven
Are you long or short going into J.C. Penney's earnings after-hours today, and why? $JCP $SPY - View all 6 replies
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techwonk: not sure sprasad03, how similar are JCP and Macy's customers?
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Quoth the Raven
Hey, $JCP, put your damn phones on silent, not vibrate, during conference calls. Get it together. - View all 3 replies
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Quoth the Raven: The whole call, "ping", "buzz", "ping", "buzz". Gimme a break.
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nohope: NBG over $2 is risky to go in now....why buy when people left, is it greed?
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BA Capital
Does anybody know what percentage of $JCP stock is shorted? Last I knew it was nearly 25%. I feel like we are about to see a short squeeze - View all 1 replies
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Bram de Haas: But what about the counterparty of these coupons? Is there risk of default? -
Chris DeMuth Jr.: Ha! Yes! But this is a secured credit and I will take possession shortly. Just always looking for bargains. I love all things mispriced.
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MSF INVESTMENTS: Out of the money call Options very,very expensive - Put to Call ratio way down.
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Saibus Research: They have a lot of ground and lost time to make up.
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Energysystems: Recently was shopping for a ratcheting pipe cutter, ended up with a Craftsman, with free shipping. Can't knock it. -
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markrpat: bot my share of AMZN puts into close Friday. maybe shouldve waited a day, but nice to hear.
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Saibus Research
JC Penney's employees crying from excitement after Ron Johnson's ouster http://yhoo.it/105hO9t $JCP $SHLD $TGT - View all 2 replies
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wheelz23: and then they need a good marketing plan..."please come back, we've changed" seems like an ex crying for reconciliation -
wheelz23: and maybe a whole new "atmosphere" inside the store...but i'll admit, i haven't been there in a very long time
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MSF INVESTMENTS
Has anyone heard anything that Sears Auto has sold their locations to Autozone. $SHLD,$JCP,$AZN - View all 3 replies
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BA Capital: Sounds like you are short my friend. Get ready to feel the squeeze.