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J. C. Penney Company, Inc. (JCP) Reaches $3.18 After 6.00% Up Move; Bed Bath & Beyond Has 0.74 Sentiment

J. C. Penney Company, Inc. (NYSE:JCP) Logo

Bed Bath & Beyond Inc (BBBY) investors sentiment decreased to 0.74 in 2017 Q4. It’s down -0.07, from 0.81 in 2017Q3. The ratio is negative, as 131 funds increased or started new holdings, while 176 reduced and sold their equity positions in Bed Bath & Beyond Inc. The funds in our database now hold: 125.01 million shares, down from 129.74 million shares in 2017Q3. Also, the number of funds holding Bed Bath & Beyond Inc in top ten holdings increased from 1 to 4 for an increase of 3. Sold All: 71 Reduced: 105 Increased: 75 New Position: 56.

The stock of J. C. Penney Company, Inc. (NYSE:JCP) is a huge mover today! The stock increased 2.25% or $0.07 during the last trading session, reaching $3.18. About 3.16M shares traded. J. C. Penney Company, Inc. (NYSE:JCP) has declined 48.12% since April 16, 2017 and is downtrending. It has underperformed by 59.67% the S&P500.The move comes after 5 months positive chart setup for the $997.73M company. It was reported on Apr, 16 by Barchart.com. We have $3.37 PT which if reached, will make NYSE:JCP worth $59.86 million more.

The stock increased 1.16% or $0.2001 during the last trading session, reaching $17.4801. About 2.41 million shares traded. Bed Bath & Beyond Inc. (BBBY) has declined 47.16% since April 16, 2017 and is downtrending. It has underperformed by 58.71% the S&P500.

Ratings analysis reveals 0 of Bed Bath & Beyond’s analysts are positive. Out of 5 Wall Street analysts rating Bed Bath & Beyond, 0 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $35.0 while the high is $45.0. The stock’s average target of $40.25 is 130.26% above today’s ($17.4801) share price. BBBY was included in 5 notes of analysts from September 22, 2016. The firm earned “Market Perform” rating on Thursday, December 22 by Telsey Advisory. The stock has “Mkt Perform” rating by Raymond James on Thursday, December 22. The company was maintained on Thursday, September 22 by UBS. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Neutral” rating given on Thursday, April 6 by Wedbush. The rating was initiated by Loop Capital on Tuesday, December 20 with “Sell”.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has market cap of $2.49 billion. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. It has a 5.75 P/E ratio. It also provides various textile products, amenities, and other goods to institutional clients in the hospitality, cruise line, healthcare, and other industries.

Contrarius Investment Management Ltd holds 6.55% of its portfolio in Bed Bath & Beyond Inc. for 6.00 million shares. Valueworks Llc owns 272,827 shares or 4.46% of their US portfolio. Moreover, Moon Capital Management Lp has 3.11% invested in the company for 458,644 shares. The California-based Wilsey Asset Management Inc has invested 2.25% in the stock. Towle & Co, a Missouri-based fund reported 1.02 million shares.

J. C. Penney Company, Inc., through its subsidiary J. The company has market cap of $997.73 million. C. It currently has negative earnings. Penney Corporation, Inc., sells merchandise through department stores.

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on May, 11. They expect $-0.23 earnings per share, down 483.33% or $0.29 from last year’s $0.06 per share. After $0.57 actual earnings per share reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -140.35% negative EPS growth.

J. C. Penney Company, Inc. (NYSE:JCP) Institutional Positions Chart

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