J.C. Penney Company, Inc. Holding Company (NYSE:JCP) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also recently issued reports about the stock. ValuEngine upgraded shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research raised 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 research note on Tuesday, July 18th. TheStreet lowered shares of J.C. Penney Company, Inc. Holding from a “c-” rating to a “d+” rating in a research note on Wednesday, May 17th. Deutsche Bank AG lowered shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating and reduced their price objective for the company from $9.00 to $5.50 in a research note on Monday, May 15th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a research note on Saturday, May 13th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. J.C. Penney Company, Inc. Holding presently has a consensus rating of “Hold” and an average price target of $6.06.

J.C. Penney Company, Inc. Holding (NYSE JCP) opened at 3.93 on Friday. The stock’s market capitalization is $1.22 billion. J.C. Penney Company, Inc. Holding has a 12 month low of $3.77 and a 12 month high of $11.30. The company has a 50 day moving average price of $4.97 and a 200 day moving average price of $5.55.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last posted its quarterly earnings results on Friday, August 11th. The department store operator reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.05. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts predict that J.C. Penney Company, Inc. Holding will post $0.49 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its position in J.C. Penney Company, Inc. Holding by 45.8% in the first quarter. Wedge Capital Management L L P NC now owns 84,148 shares of the department store operator’s stock valued at $518,000 after buying an additional 26,426 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in J.C. Penney Company, Inc. Holding by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 107,380 shares of the department store operator’s stock valued at $661,000 after buying an additional 1,500 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in J.C. Penney Company, Inc. Holding during the first quarter valued at about $234,000. First Midwest Bank Trust Division bought a new position in J.C. Penney Company, Inc. Holding during the first quarter valued at about $1,158,000. Finally, Financial Architects Inc increased its position in J.C. Penney Company, Inc. Holding by 47.3% in the first quarter. Financial Architects Inc now owns 93,986 shares of the department store operator’s stock valued at $579,000 after buying an additional 30,200 shares during the last quarter. Institutional investors own 77.17% of the company’s stock.

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.

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

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