J.C. Penney Company, Inc. Holding Company (NYSE:JCP)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a research note issued to investors on Thursday. They presently have a $4.00 target price on the department store operator’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 5.33% from the company’s current price.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. Holding from a “sell” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Tuesday, July 18th. BidaskClub upgraded shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Northcoast Research reiterated a “buy” rating and issued a $9.00 price objective on shares of J.C. Penney Company, Inc. Holding in a report on Monday, August 14th. B. Riley reiterated a “buy” rating and issued a $4.30 price objective on shares of J.C. Penney Company, Inc. Holding in a report on Wednesday, August 16th. Finally, TheStreet lowered shares of J.C. Penney Company, Inc. Holding from a “c-” rating to a “d+” rating in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.80.

Shares of J.C. Penney Company, Inc. Holding (NYSE:JCP) traded down 1.29% during midday trading on Thursday, hitting $4.22. 12,333,702 shares of the stock traded hands. The company’s market capitalization is $1.31 billion. J.C. Penney Company, Inc. Holding has a 52 week low of $3.45 and a 52 week high of $10.74. The firm’s 50-day moving average is $4.40 and its 200 day moving average is $5.07.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings data on Friday, August 11th. The department store operator reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business 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 negative net margin of 0.94% and a positive return on equity of 10.55%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. Equities analysts forecast that J.C. Penney Company, Inc. Holding will post $0.43 earnings per share for the current year.

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In other J.C. Penney Company, Inc. Holding news, Chairman Marvin R. Ellison purchased 100,000 shares of J.C. Penney Company, Inc. Holding stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $3.48 per share, with a total value of $348,000.00. Following the transaction, the chairman now owns 2,852,280 shares in the company, valued at approximately $9,925,934.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Brown purchased 25,000 shares of J.C. Penney Company, Inc. Holding stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $3.62 per share, with a total value of $90,500.00. Following the transaction, the director now owns 68,123 shares in the company, valued at approximately $246,605.26. The disclosure for this purchase can be found here. In the last three months, insiders purchased 310,135 shares of company stock valued at $1,111,391. 1.02% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in J.C. Penney Company, Inc. Holding by 11,522.1% in the 1st quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator’s stock valued at $152,179,000 after purchasing an additional 24,491,676 shares during the period. Vanguard Group Inc. grew its position in J.C. Penney Company, Inc. Holding by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 23,858,033 shares of the department store operator’s stock valued at $146,966,000 after purchasing an additional 1,270,459 shares during the period. Teachers Advisors LLC grew its position in J.C. Penney Company, Inc. Holding by 45.7% in the 1st quarter. Teachers Advisors LLC now owns 14,525,136 shares of the department store operator’s stock valued at $89,475,000 after purchasing an additional 4,557,694 shares during the period. State Street Corp lifted its stake in J.C. Penney Company, Inc. Holding by 3.5% during the 1st quarter. State Street Corp now owns 8,815,718 shares of the department store operator’s stock valued at $54,307,000 after acquiring an additional 294,841 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in J.C. Penney Company, Inc. Holding by 24.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 5,753,065 shares of the department store operator’s stock valued at $35,439,000 after acquiring an additional 1,125,837 shares in the last quarter. 72.27% of the stock is owned by institutional investors and hedge funds.

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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