The Bon-Ton Stores, Inc. (BONT) Forms $0.36 Double Bottom; Saba Capital Management LP Has Lowered Penney J C (Put) (JCP) Holding By $10.62 Million

The Bon-Ton Stores, Inc. (BONT) formed double bottom with $0.33 target or 9.00% below today’s $0.36 share price. The Bon-Ton Stores, Inc. (BONT) has $7.49 million valuation. The stock 0.14% or $0 during the last trading session, reaching $0.36. It is down 58.54% since January 7, 2017 and is downtrending. It has underperformed by 75.24% the S&P500.

Saba Capital Management Lp decreased Penney J C Inc (Put) (JCP) stake by 87.33% reported in 2017Q3 SEC filing. Saba Capital Management Lp sold 1.06M shares as Penney J C Inc (Put) (JCP)’s stock declined 35.14%. The Saba Capital Management Lp holds 154,100 shares with $1.66 million value, down from 1.22M last quarter. Penney J C Inc (Put) now has $1.13 billion valuation. The stock decreased 2.17% or $0.08 during the last trading session, reaching $3.61. About 21.61 million shares traded or 15.01% up from the average. J. C. Penney Company, Inc. (NYSE:JCP) has declined 40.00% since January 7, 2017 and is downtrending. It has underperformed by 56.70% the S&P500.

Among 29 analysts covering J.C. Penney Company (NYSE:JCP), 3 have Buy rating, 5 Sell and 21 Hold. Therefore 10% are positive. J.C. Penney Company has $14 highest and $2.75 lowest target. $6.19’s average target is 71.47% above currents $3.61 stock price. J.C. Penney Company had 81 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, October 30 by Northcoast. The rating was maintained by Jefferies on Thursday, January 4 with “Hold”. The rating was upgraded by Northcoast on Monday, April 4 to “Buy”. Cowen & Co maintained the stock with “Hold” rating in Friday, November 10 report. The company was upgraded on Monday, September 28 by Sterne Agee CRT. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned “Neutral” rating by Susquehanna on Monday, October 30. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned “Buy” rating by Bank of America on Friday, December 2. The firm has “Hold” rating by Jefferies given on Thursday, September 14. Citigroup maintained the shares of JCP in report on Monday, May 16 with “Neutral” rating. The firm has “Hold” rating given on Friday, August 11 by Piper Jaffray.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.40, from 0.79 in 2017Q2. It improved, as 45 investors sold JCP shares while 51 reduced holdings. 38 funds opened positions while 76 raised stakes. 222.21 million shares or 0.72% more from 220.63 million shares in 2017Q2 were reported. invested in 245,781 shares or 0% of the stock. Blackrock, New York-based fund reported 38.99 million shares. Ing Groep Nv has invested 0.02% in J. C. Penney Company, Inc. (NYSE:JCP). Raymond James Financial Services Inc invested in 0% or 19,068 shares. Guggenheim Cap Limited Liability Company stated it has 270,930 shares or 0% of all its holdings. Fmr Ltd Liability reported 0.01% stake. City Hldg Communication has invested 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). Vanguard Grp holds 0% or 27.40 million shares. Comerica Bancshares holds 0.01% or 328,148 shares. Profund Advsrs Limited Liability Com invested in 59,179 shares or 0.01% of the stock. Mason Street Advsr reported 0.01% in J. C. Penney Company, Inc. (NYSE:JCP). Pinnacle Advisory Gru Inc Inc holds 15,200 shares. 1.54 million were reported by California Pub Employees Retirement Sys. Glenmede Trust Na accumulated 2,858 shares. Connecticut-based Aqr Lc has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP).

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on February, 23. They expect $0.42 EPS, down 34.38% or $0.22 from last year’s $0.64 per share. JCP’s profit will be $130.89 million for 2.15 P/E if the $0.42 EPS becomes a reality. After $-0.33 actual EPS reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -227.27% EPS growth.

Saba Capital Management Lp increased Western Asset Hgh Yld Dfndfd (HYI) stake by 83,009 shares to 126,363 valued at $1.97M in 2017Q3. It also upped Templeton Emerg Mkts Income (TEI) stake by 1.82M shares and now owns 2.20M shares. Blackrock Multi (BIT) was raised too.