NEW YORK (TheStreet) -- Shares of J.C. Penney Co. Inc. (JCP) are higher by 4.66% to $11.11 in mid-afternoon trading on Thursday, as retail stocks get a boost from PVH Corp.'s (PVH) 2014 second quarter profit results of $1.51 per share, an increase from the $1.39 per share reported for the prior year's second quarter.
The consensus estimate was for earnings of $1.42 per share.
The apparel company that sells products under several different brand names including: Calvin Klein, Tommy Hilfiger, Van Heusen, and IZOD, said revenue for the most recent quarter grew by 4% to $1.98 billion from the 2013 second quarter.
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Additionally, TheStreet's Jim Cramer made a positive mention of J.C. Penney this morning on CNBC's "Cramer's Mad Dash" segment, saying that the company is making a "major comeback."
Separately, TheStreet Ratings team rates PENNEY (J C) CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate PENNEY (J C) CO (JCP) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and generally disappointing historical performance in the stock itself."