J.C. Penney Company, Inc. Holding Company (NYSE:JCP) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 142,405,164 shares, a growth of 17.5% from the August 15th total of 121,166,542 shares. Approximately 49.3% of the company’s stock are short sold. Based on an average daily trading volume, of 17,401,210 shares, the short-interest ratio is presently 8.2 days.

In related news, Director Javier G. Teruel purchased 135,135 shares of J.C. Penney Company, Inc. Holding stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $3.64 per share, with a total value of $491,891.40. Following the completion of the transaction, the director now directly owns 518,970 shares of the company’s stock, valued at $1,889,050.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Marvin R. Ellison purchased 100,000 shares of J.C. Penney Company, Inc. Holding stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $3.48 per share, with a total value of $348,000.00. Following the transaction, the chairman now directly owns 2,852,280 shares of the company’s stock, valued at $9,925,934.40. The disclosure for this purchase can be found here. Insiders acquired 310,135 shares of company stock valued at $1,111,391 in the last ninety days. Insiders own 1.02% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its stake in J.C. Penney Company, Inc. Holding by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock valued at $103,000 after acquiring an additional 4,205 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator’s stock valued at $108,000 after acquiring an additional 2,212 shares during the last quarter. FNY Managed Accounts LLC bought a new position in J.C. Penney Company, Inc. Holding in the first quarter valued at approximately $117,000. Janney Montgomery Scott LLC increased its stake in J.C. Penney Company, Inc. Holding by 84.4% in the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator’s stock valued at $122,000 after acquiring an additional 9,068 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Glen Harbor Capital Management LLC now owns 21,216 shares of the department store operator’s stock valued at $131,000 after acquiring an additional 2,686 shares during the last quarter. 72.27% of the stock is currently owned by institutional investors and hedge funds.

J.C. Penney Company, Inc. Holding (NYSE JCP) opened at 4.21 on Friday. J.C. Penney Company, Inc. Holding has a one year low of $3.45 and a one year high of $10.74. The stock has a 50 day moving average price of $4.30 and a 200 day moving average price of $5.04. The firm’s market capitalization is $1.31 billion.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced 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 firm 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 business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. On average, equities analysts predict that J.C. Penney Company, Inc. Holding will post $0.43 EPS for the current fiscal year.

A number of equities analysts have recently commented on JCP shares. BidaskClub upgraded J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $4.00 price objective on shares of J.C. Penney Company, Inc. Holding in a research note on Thursday. BMO Capital Markets set a $6.00 price objective on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Monday, July 10th. Deutsche Bank AG lifted their price objective on J.C. Penney Company, Inc. Holding from $5.50 to $6.50 and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, eighteen 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 an average rating of “Hold” and a consensus target price of $5.80.

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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.

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