J.C. Penney Company, Inc. Holding Company (NYSE:JCP)‘s stock had its “hold” rating reiterated by equities research analysts at Cowen and Company in a research report issued to clients and investors on Friday.

A number of other research analysts also recently issued reports on the company. Credit Suisse Group started coverage on J.C. Penney Company, Inc. Holding Company in a report on Monday, December 5th. They issued a “neutral” rating and a $7.00 price target for the company. Deutsche Bank AG reissued a “buy” rating on shares of J.C. Penney Company, Inc. Holding Company in a report on Monday, October 31st. Robert W. Baird set a $13.00 price target on J.C. Penney Company, Inc. Holding Company and gave the company a “buy” rating in a report on Friday, November 11th. Vetr raised J.C. Penney Company, Inc. Holding Company from a “buy” rating to a “strong-buy” rating and set a $10.35 price target for the company in a report on Monday, October 3rd. Finally, B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of J.C. Penney Company, Inc. Holding Company in a report on Monday, October 3rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $10.88.

Analyst Recommendations for J.C. Penney Company, Inc. Holding Company (NYSE:JCP)

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) traded down 1.513% on Friday, hitting $6.835. 16,054,655 shares of the company were exchanged. The stock’s 50-day moving average price is $8.89 and its 200-day moving average price is $9.16. The stock’s market capitalization is $2.11 billion. J.C. Penney Company, Inc. Holding Company has a 52-week low of $6.00 and a 52-week high of $11.99.

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) last released its earnings results on Friday, November 11th. The department store operator reported ($0.21) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.21). J.C. Penney Company, Inc. Holding Company had a negative return on equity of 4.66% and a negative net margin of 2.56%. The firm earned $2.86 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that J.C. Penney Company, Inc. Holding Company will post $0.03 earnings per share for the current fiscal year.

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In other news, EVP John Joseph Tighe III sold 38,756 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $9.33, for a total value of $361,593.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.28% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Feltz Wealth PLAN Inc. raised its position in J.C. Penney Company, Inc. Holding Company by 3.5% in the third quarter. Feltz Wealth PLAN Inc. now owns 18,660 shares of the department store operator’s stock valued at $168,000 after buying an additional 628 shares during the last quarter. Brookfield Asset Management Inc. purchased a new position in J.C. Penney Company, Inc. Holding Company during the third quarter valued at about $2,845,000. Cornerstone Capital Management Holdings LLC. purchased a new position in J.C. Penney Company, Inc. Holding Company during the third quarter valued at about $734,000. Ameritas Investment Partners Inc. raised its position in J.C. Penney Company, Inc. Holding Company by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 93,805 shares of the department store operator’s stock valued at $865,000 after buying an additional 45,194 shares during the last quarter. Finally, Phocas Financial Corp. raised its position in J.C. Penney Company, Inc. Holding Company by 23.9% in the third quarter. Phocas Financial Corp. now owns 1,076,182 shares of the department store operator’s stock valued at $9,922,000 after buying an additional 207,711 shares during the last quarter. 86.53% of the stock is currently owned by hedge funds and other institutional investors.

J.C. Penney Company, Inc. Holding Company Company Profile

J. C. Penney Company, Inc is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices.

5 Day Chart for NYSE:JCP

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