J.C. Penney Company, Inc. Holding Company (NYSE:JCP) – Equities research analysts at Northcoast Research decreased their Q2 2018 earnings per share (EPS) estimates for J.C. Penney Company, Inc. Holding in a note issued to investors on Wednesday. Northcoast Research analyst K. Szafraniec now anticipates that the department store operator will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.04. Northcoast Research also issued estimates for J.C. Penney Company, Inc. Holding’s Q4 2018 earnings at $0.56 EPS.

A number of other analysts have also issued reports on JCP. B. Riley reissued a “neutral” rating and issued a $5.70 price target on shares of J.C. Penney Company, Inc. Holding in a research report on Monday, May 15th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a research report on Saturday, May 13th. Piper Jaffray Companies set a $5.00 price target on shares of J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research report on Saturday, May 13th. UBS AG reissued a “sell” rating and issued a $4.00 price target (down from $5.00) on shares of J.C. Penney Company, Inc. Holding in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $5.00 price target on shares of J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.50.

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J.C. Penney Company, Inc. Holding (JCP) traded down 6.0562% during midday trading on Thursday, reaching $4.8475. 20,352,089 shares of the company were exchanged. J.C. Penney Company, Inc. Holding has a 52-week low of $4.17 and a 52-week high of $11.30. The stock’s market capitalization is $1.50 billion. The firm’s 50-day moving average price is $4.97 and its 200 day moving average price is $5.57. J.C. Penney Company, Inc. Holding also was the target of unusually large options trading activity on Monday. Traders purchased 47,850 put options on the company. This is an increase of 803% compared to the average daily volume of 5,301 put options.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its earnings results on Friday, May 12th. The department store operator reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.27. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the firm earned ($0.22) earnings per share. J.C. Penney Company, Inc. Holding’s revenue was down 3.7% compared to the same quarter last year.

Several large investors have recently made changes to their positions in JCP. Cambridge Investment Research Advisors Inc. increased its stake in shares of J.C. Penney Company, Inc. Holding by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock valued at $103,000 after buying an additional 4,205 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator’s stock valued at $108,000 after buying an additional 2,212 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter valued at about $117,000. FNY Managed Accounts LLC bought a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter valued at about $117,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of J.C. Penney Company, Inc. Holding by 84.4% in the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator’s stock valued at $122,000 after buying an additional 9,068 shares during the last quarter. Institutional investors and hedge funds 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.

Earnings History and Estimates for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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