J.C. Penney Company, Inc. Holding Company (NYSE:JCP) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 148,286,967 shares, a decline of 2.5% from the October 13th total of 152,105,688 shares. Approximately 51.3% of the company’s shares are sold short. Based on an average daily volume of 19,726,191 shares, the days-to-cover ratio is currently 7.5 days.

J.C. Penney Company, Inc. Holding (NYSE:JCP) opened at $3.06 on Thursday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.44 and a quick ratio of 0.16. The company has a market cap of $926.01, a price-to-earnings ratio of 10.54 and a beta of 0.53. J.C. Penney Company, Inc. Holding has a 52-week low of $2.35 and a 52-week high of $10.74.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last posted its earnings results on Friday, November 10th. The department store operator reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.10. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 1.43% and a positive return on equity of 7.60%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm posted ($0.21) EPS. research analysts predict that J.C. Penney Company, Inc. Holding will post 0.06 earnings per share for the current fiscal year.

In related news, CFO Jeffrey A. Davis acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average cost of $3.62 per share, for a total transaction of $181,000.00. Following the acquisition, the chief financial officer now owns 72,645 shares in the company, valued at approximately $262,974.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Javier G. Teruel acquired 135,135 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $3.64 per share, for a total transaction of $491,891.40. Following the completion of the acquisition, the director now owns 518,970 shares in the company, valued at approximately $1,889,050.80. The disclosure for this purchase can be found here. Insiders acquired a total of 310,135 shares of company stock worth $1,111,391 over the last quarter. 1.02% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of JCP. Tudor Investment Corp ET AL grew its position in shares of J.C. Penney Company, Inc. Holding by 12.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock valued at $141,000 after buying an additional 2,600 shares during the last quarter. Blair William & Co. IL grew its position in shares of J.C. Penney Company, Inc. Holding by 3.1% in the 2nd quarter. Blair William & Co. IL now owns 33,625 shares of the department store operator’s stock valued at $156,000 after buying an additional 1,000 shares during the last quarter. Quinn Opportunity Partners LLC grew its position in shares of J.C. Penney Company, Inc. Holding by 13.9% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator’s stock valued at $190,000 after buying an additional 5,000 shares during the last quarter. Pinebridge Investments L.P. purchased a new position in shares of J.C. Penney Company, Inc. Holding in the 2nd quarter valued at $190,000. Finally, US Bancorp DE grew its position in shares of J.C. Penney Company, Inc. Holding by 1.7% in the 2nd quarter. US Bancorp DE now owns 63,629 shares of the department store operator’s stock valued at $296,000 after buying an additional 1,054 shares during the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. 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 price objective on the stock in a report on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a $5.00 price objective (down from $6.50) on shares of J.C. Penney Company, Inc. Holding in a report on Monday, August 14th. Northcoast Research restated 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 restated 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, BidaskClub lowered shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.03.

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J.C. Penney Company, Inc. Holding 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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