J.C. Penney Company, Inc. Holding Company (NYSE:JCP) had its price target dropped by Citigroup Inc. from $5.00 to $4.00 in a research report issued on Monday. The firm presently has a “neutral” rating on the department store operator’s stock. Citigroup Inc.’s price objective suggests a potential upside of 6.10% from the stock’s current price.

JCP has been the topic of several other reports. B. Riley reiterated a “neutral” rating and set a $5.70 target price on shares of J.C. Penney Company, Inc. Holding in a report on Saturday, May 20th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a report on Saturday, May 13th. Piper Jaffray Companies set a $5.00 target price on shares of J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a report on Saturday, May 13th. UBS AG reiterated a “sell” rating and set a $4.00 target price (down from $5.00) on shares of J.C. Penney Company, Inc. Holding in a report on Wednesday, May 17th. Finally, Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “strong-buy” rating and set a $6.25 target price on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.87.

J.C. Penney Company, Inc. Holding (JCP) traded down 4.07% during midday trading on Monday, hitting $3.77. 36,059,610 shares of the stock traded hands. The company’s market cap is $1.17 billion. The firm’s 50-day moving average is $4.95 and its 200-day moving average is $5.51. J.C. Penney Company, Inc. Holding has a 52-week low of $3.74 and a 52-week high of $11.30.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last posted its quarterly earnings results on Friday, August 11th. The department store operator reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.84 billion. 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’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Analysts predict that J.C. Penney Company, Inc. Holding will post $0.44 EPS for the current year.

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Several institutional investors have recently made changes to their positions in JCP. Norges Bank bought a new position in shares of J.C. Penney Company, Inc. Holding during the fourth quarter valued at approximately $12,324,000. Capstone Asset Management Co. raised its position in shares of J.C. Penney Company, Inc. Holding by 0.9% in the first quarter. Capstone Asset Management Co. now owns 35,644 shares of the department store operator’s stock valued at $220,000 after buying an additional 320 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of J.C. Penney Company, Inc. Holding during the first quarter valued at approximately $117,000. Louisiana State Employees Retirement System raised its position in shares of J.C. Penney Company, Inc. Holding by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 77,900 shares of the department store operator’s stock valued at $480,000 after buying an additional 1,700 shares during the last quarter. Finally, Oakbrook Investments LLC raised its position in shares of J.C. Penney Company, Inc. Holding by 55.2% in the first quarter. Oakbrook Investments LLC now owns 24,450 shares of the department store operator’s stock valued at $151,000 after buying an additional 8,700 shares during the last quarter. 78.87% of the stock is 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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