NEW YORK (TheStreet) -- Shares of JC Penney Co. Inc. (JCP) are up by 1.16% to $6.13 in late morning trading on Thursday, as retail stocks get a boost from the increase in November sales, which has grown the most in eight months, MarketWatch reports.
The government released data today showing that U.S. retail sales increased by 0.7% in November, compared to the 0.5% rise from October. Analysts polled by MarketWatch had expected U.S. retail sales to rise by 0.4% for last month.
Over the past 12 months retail sales have grown by 5.1%, MarketWatch added.
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Other retail stocks gaining today include Sears Holdings Corp. (SHLD) , higher by 2.98% to $33.25, Kohl's Corp. (KSS) , gaining by 1.30% to $57.48, and Macy's Inc. (M) , up by 2.96% to $62.08 this morning.
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."