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Last $8.83 USD
Change Today -0.01 / -0.11%
Volume 10.6M
JCP On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

j.c. penney co inc (JCP) Snapshot

Open
$8.85
Previous Close
$8.84
Day High
$9.08
Day Low
$8.81
52 Week High
09/12/14 - $11.30
52 Week Low
12/9/14 - $5.90
Market Cap
2.7B
Average Volume 10 Days
23.6M
EPS TTM
$-1.86
Shares Outstanding
305.1M
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 March 18, 2015, it operated approximately 1,060 stores. The company also sells its products through its Website, jcpenney.com. J. C. Penney Company, Inc. was founded in 1902 and is based in Plano, Texas.

114,000 Employees
Last Reported Date: 05/13/15
Founded in 1902

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

Chief Executive Officer and Director
Total Annual Compensation: $1.5M
President and Director
Total Annual Compensation: $4.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.9M
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $436.0K
Executive Vice President of Human Resources
Total Annual Compensation: $487.5K
Compensation as of Fiscal Year 2014.

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

J. C. Penney Company, Inc. Announces Management Changes

Effective June 8, 2015, the Board of Directors of J. C. Penney Company, Inc. has elected Andrew S. Drexler as Senior Vice President, Chief Accounting Officer and Controller of the company. In connection with his appointment, Mr. Drexler will become the company's principal accounting officer. Mr. Drexler succeeds Dennis P. Miller who will remain principal accounting officer until that time. Mr. Drexler, 44, is joining the company from Giant Eagle, Inc. where he served as Senior Vice President and Chief Financial Officer since 2014. The company at its annual meeting of stockholders held on May 15, 2015, approved election of Thomas Engibous and Steve Sadove as directors.

Judge Certifies Class Action over J C Penney Phantom Discounts

A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc. of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good deals when the items went on sale. In a decision U.S. District Judge Fernando Olguin in Los Angeles said it was possible "in one stroke" to determine whether J C Penney's advertising practices caused shoppers in California to buy items at discounts that proved illusory. The J C Penney complaint accused the retailer of running a "massive, years-long, pervasive campaign" to deceive shoppers about its pricing for private-label brands and outside brands, such as Liz Claiborne, sold exclusively by the retailer. Lead plaintiff Cynthia Spann said she discovered this after buying three blouses for USD 17.99 each, a 40% discount from the original USD 30 price, only to learn the price was never above USD 17.99 in the prior three months. By letting shoppers sue as a group, the decision could help them obtain greater compensation at lower cost from the Plano, Texas-based retailer than if they sued individually. Olguin certified a class of plaintiffs who bought private-label or exclusive items from J C Penney in California from Nov. 5, 2010 to Jan. 31, 2012 at discounts of 30% or more. The plaintiffs accused J C Penney of violating state consumer protection laws. The Federal Trade Commission has said retailers are supposed to sell items at original prices for a ‘reasonable length of time’ before marking them down, if they wish later to provide the original prices to consumers who compare prices. J C Penney moved away from discounts in 2012, when Chief Executive Officer Ron Johnson adopted a strategy of ‘fair and square’ everyday low pricing. It resumed discounting after sales plunged, resulting in Johnson's ouster the following year.

J. C. Penney Company, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Full Year of 2015; Provides EBITDA Guidance for 2016 and 2017

J. C. Penney Company, Inc. announced unaudited consolidated financial results for the first quarter ended May 2, 2015. For the quarter, the company reported total net sales of $2,857 million against $2,801 million a year ago. Same store sales increased 3.4% for the period. Operating loss was $75 million against $247 million a year a year ago. Loss before income taxes was $173 million against $344 million a year ago. Net loss was $167 million or $0.55 per diluted share against $352 million or $1.15 per diluted share a year ago. Net cash used in operating activities was $226 million against $271 million a year ago. Capital expenditures were $46 million against $80 million a year ago. Non-GAAP EBITDA was $79 million against Non-GAAP LBITDA of $89 a year a year ago. Adjusted EBITDA (Non-GAAP) was $82 million against loss of $84 million a year a year ago. Adjusted net loss (non-GAAP) was $175 million or $0.57 per diluted share against $353 million or $1.16 per diluted share a year ago. Free cash outflow (Non-GAAP) was $267 million against $349 million a year a year ago. The company's 2015 full-year guidance is as comparable store sales: expected to increase 4% to 5% compared to 3% to 5% previously; Gross margin: expected to improve 100 to 150 basis points up from 50 to 100 basis points previously; EBITDA: approximately $600 million; Capital expenditures: $250 to $300 million; and free cash flow: expected to be breakeven. The company is raising its annual sales guidance to 45% growth in 2015. The company remain confident in its ability to deliver EBITDA of $1.2 billion by 2017. The company expect to achieve EBITDA of $900 million in 2016.

 

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Industry Analysis

JCP

Industry Average

Valuation JCP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.5x
Price/Cash Flow 65.8x
TEV/Sales NM Not Meaningful
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