Robert W. Baird Analysts Give J C Penney (JCP) a $4.00 Price Target

J C Penney (NYSE:JCP) has been given a $4.00 price objective by equities research analysts at Robert W. Baird in a note issued to investors on Thursday. The brokerage currently has a “hold” rating on the department store operator’s stock. Robert W. Baird’s price target indicates a potential upside of 8.40% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Cowen set a $4.00 target price on shares of J C Penney and gave the stock a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research downgraded shares of J C Penney from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Citigroup lifted their target price on shares of J C Penney from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. B. Riley reiterated a “hold” rating and issued a $3.50 target price on shares of J C Penney in a research note on Monday, November 13th. Finally, UBS Group downgraded shares of J C Penney from a “positive” rating to a “neutral” rating in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.73.

Shares of J C Penney (JCP) opened at $3.69 on Thursday. The company has a market cap of $1,152.81, a PE ratio of -6.36, a price-to-earnings-growth ratio of 3.56 and a beta of 0.58. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.44 and a quick ratio of 0.16. J C Penney has a 12-month low of $2.35 and a 12-month high of $8.15.

J C Penney (NYSE:JCP) last posted its earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.10. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. J C Penney 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 quarter last year, the company earned ($0.21) earnings per share. equities analysts forecast that J C Penney will post 0.07 EPS for the current year.

Large investors have recently modified their holdings of the stock. Blair William & Co. IL grew its stake in J C Penney by 3.1% during the second quarter. Blair William & Co. IL now owns 33,625 shares of the department store operator’s stock valued at $156,000 after acquiring an additional 1,000 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in J C Penney during the second quarter valued at approximately $190,000. Quinn Opportunity Partners LLC grew its stake in J C Penney by 13.9% during the second quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator’s stock valued at $190,000 after acquiring an additional 5,000 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in J C Penney during the second quarter valued at approximately $311,000. Finally, Lenox Wealth Management Inc. lifted its position in J C Penney by 93.5% during the second quarter. Lenox Wealth Management Inc. now owns 71,386 shares of the department store operator’s stock valued at $332,000 after purchasing an additional 34,486 shares during the last quarter. 72.73% of the stock is owned by institutional investors.

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J C Penney 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.

Analyst Recommendations for J C Penney (NYSE:JCP)

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