J.C. Penney Company, Inc. Holding Company (NYSE:JCP)‘s stock had its “sell” rating restated by analysts at Credit Suisse Group in a note issued to investors on Friday. They presently have a $5.00 target price on the department store operator’s stock. Credit Suisse Group’s target price suggests a potential downside of 0.40% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird set a $9.00 price target on shares of J.C. Penney Company, Inc. Holding Company and gave the stock a “buy” rating in a research note on Monday, February 27th. Northcoast Research restated a “buy” rating on shares of J.C. Penney Company, Inc. Holding Company in a report on Friday, February 24th. ValuEngine upgraded shares of J.C. Penney Company, Inc. Holding Company from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. TheStreet lowered shares of J.C. Penney Company, Inc. Holding Company from a “c-” rating to a “d+” rating in a report on Wednesday, May 17th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $7.00 price target on shares of J.C. Penney Company, Inc. Holding Company in a report on Tuesday, February 28th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.10.

Analyst Recommendations for J.C. Penney Company, Inc. Holding Company (NYSE:JCP)

Shares of J.C. Penney Company, Inc. Holding Company (JCP) traded down 3.19% during mid-day trading on Friday, hitting $4.86. 8,533,915 shares of the stock traded hands. The firm’s market cap is $1.51 billion. J.C. Penney Company, Inc. Holding Company has a 12-month low of $4.17 and a 12-month high of $11.30. The firm’s 50 day moving average price is $4.93 and its 200 day moving average price is $6.52. J.C. Penney Company, Inc. Holding Company also was the recipient of some unusual options trading activity on Friday. Stock investors bought 24,621 call options on the company. This is an increase of 217% compared to the typical daily volume of 7,758 call options.

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) last issued its quarterly earnings data on Friday, May 12th. The department store operator reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.27. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.78 billion. J.C. Penney Company, Inc. Holding Company had a negative net margin of 0.89% and a positive return on equity of 11.44%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) EPS. On average, equities research analysts predict that J.C. Penney Company, Inc. Holding Company will post $0.47 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC acquired a new position in shares of J.C. Penney Company, Inc. Holding Company during the fourth quarter worth approximately $100,000. Cambridge Investment Research Advisors Inc. boosted its stake in J.C. Penney Company, Inc. Holding Company by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock worth $103,000 after buying an additional 4,205 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in J.C. Penney Company, Inc. Holding Company by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator’s stock worth $108,000 after buying an additional 2,212 shares in the last quarter. Parametrica Management Ltd purchased a new stake in J.C. Penney Company, Inc. Holding Company during the first quarter worth about $117,000. Finally, FNY Managed Accounts LLC purchased a new stake in J.C. Penney Company, Inc. Holding Company during the first quarter worth about $117,000. Institutional investors own 78.45% of the company’s stock.

J.C. Penney Company, Inc. Holding Company Company Profile

J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.

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