J.C. Penney Company, Inc. Holding Company (NYSE:JCP) had its price objective upped by Deutsche Bank AG from $5.50 to $6.50 in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the department store operator’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 20.59% from the company’s previous close.

Several other equities research analysts have also recently commented on JCP. B. Riley reaffirmed a “neutral” rating and set a $5.70 price objective on shares of J.C. Penney Company, Inc. Holding in a research report on Monday, May 15th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a research report on Saturday, May 13th. Piper Jaffray Companies set a $5.00 target price on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research report on Saturday, May 13th. UBS AG reissued a “sell” rating and issued a $4.00 target price (down from $5.00) on shares of J.C. Penney Company, Inc. Holding in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $5.00 target price on shares of J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.49.

Shares of J.C. Penney Company, Inc. Holding (NYSE:JCP) traded up 2.505% during trading on Tuesday, hitting $5.525. 3,350,932 shares of the company were exchanged. The company has a 50 day moving average of $4.88 and a 200-day moving average of $5.62. The stock’s market capitalization is $1.71 billion. J.C. Penney Company, Inc. Holding has a 1-year low of $4.17 and a 1-year high of $11.30. J.C. Penney Company, Inc. Holding also saw some unusual options trading on Monday. Stock traders bought 47,850 put options on the stock. This is an increase of 803% compared to the typical daily volume of 5,301 put options.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its quarterly earnings data on Friday, May 12th. The department store operator reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.27. J.C. Penney Company, Inc. Holding had a positive return on equity of 11.44% and a negative net margin of 0.89%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the firm posted ($0.22) earnings per share. J.C. Penney Company, Inc. Holding’s revenue was down 3.7% compared to the same quarter last year. On average, analysts forecast that J.C. Penney Company, Inc. Holding will post $0.49 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in JCP. BlackRock Inc. boosted its position in J.C. Penney Company, Inc. Holding by 11,522.1% in the first quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator’s stock worth $152,179,000 after buying an additional 24,491,676 shares during the last quarter. Vanguard Group Inc. boosted its position in J.C. Penney Company, Inc. Holding by 5.6% in the first quarter. Vanguard Group Inc. now owns 23,858,033 shares of the department store operator’s stock worth $146,966,000 after buying an additional 1,270,459 shares during the last quarter. Teachers Advisors LLC boosted its position in J.C. Penney Company, Inc. Holding by 45.7% in the first quarter. Teachers Advisors LLC now owns 14,525,136 shares of the department store operator’s stock worth $89,475,000 after buying an additional 4,557,694 shares during the last quarter. State Street Corp boosted its position in J.C. Penney Company, Inc. Holding by 3.5% in the first quarter. State Street Corp now owns 8,815,718 shares of the department store operator’s stock worth $54,307,000 after buying an additional 294,841 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its position in J.C. Penney Company, Inc. Holding by 33.1% in the first quarter. Hodges Capital Management Inc. now owns 8,414,420 shares of the department store operator’s stock worth $51,833,000 after buying an additional 2,094,485 shares during the last quarter. 77.17% of the stock is currently owned by hedge funds and other institutional investors.

About J.C. Penney Company, Inc. Holding

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.

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

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