First Dallas Securities Inc. reduced its holdings in shares of J C Penney Company Inc (NYSE:JCP) by 32.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 335,250 shares of the department store operator’s stock after selling 157,575 shares during the period. First Dallas Securities Inc.’s holdings in J C Penney were worth $1,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Syntal Capital Partners LLC purchased a new stake in J C Penney during the 4th quarter worth approximately $126,000. Piedmont Investment Advisors LLC purchased a new stake in shares of J C Penney in the 2nd quarter valued at approximately $311,000. Teacher Retirement System of Texas increased its position in shares of J C Penney by 313.7% in the 4th quarter. Teacher Retirement System of Texas now owns 106,538 shares of the department store operator’s stock valued at $337,000 after purchasing an additional 80,788 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of J C Penney by 101.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 110,878 shares of the department store operator’s stock valued at $350,000 after purchasing an additional 55,814 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of J C Penney in the 4th quarter valued at approximately $357,000. 72.82% of the stock is currently owned by hedge funds and other institutional investors.

JCP has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of J C Penney from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Atlantic Securities downgraded shares of J C Penney from an “overweight” rating to a “neutral” rating in a research report on Friday, October 27th. Citigroup increased their price objective on shares of J C Penney from $3.00 to $4.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. BMO Capital Markets set a $3.00 price objective on shares of J C Penney and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Jefferies Group set a $3.00 price objective on shares of J C Penney and gave the company a “hold” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $4.78.

J C Penney Company Inc (JCP) opened at $3.43 on Monday. 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 $1,068.69, a price-to-earnings ratio of -5.91, a P/E/G ratio of 1.27 and a beta of 0.72. J C Penney Company Inc has a 52-week low of $2.35 and a 52-week high of $7.42.

J C Penney (NYSE:JCP) last issued its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.10. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. J C Penney had a negative net margin of 1.43% and a positive return on equity of 7.60%. J C Penney’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) EPS. research analysts predict that J C Penney Company Inc will post 0.1 earnings per share for the current fiscal year.

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J C Penney 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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Institutional Ownership by Quarter for J C Penney (NYSE:JCP)

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