An issue of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) bonds fell 0.7% against their face value during trading on Thursday. The debt issue has a 5.65% coupon and is set to mature on June 1, 2020. The debt is now trading at $92.22 and was trading at $88.50 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.

A number of research firms recently commented on JCP. BidaskClub cut shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Jefferies Group LLC set a $4.00 target price on shares of J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a research report on Friday, August 11th. Cowen Inc set a $6.00 target price on shares of J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a research report on Friday, August 11th. Citigroup Inc. decreased their target price on shares of J.C. Penney Company, Inc. Holding from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 14th. Finally, Piper Jaffray Companies set a $4.00 target price on shares of J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. J.C. Penney Company, Inc. Holding presently has a consensus rating of “Hold” and an average target price of $5.03.

Shares of J.C. Penney Company, Inc. Holding Company (NYSE JCP) opened at $3.26 on Friday. J.C. Penney Company, Inc. Holding Company has a twelve month low of $2.35 and a twelve month high of $10.74. The stock has a market cap of $1,007.96, a price-to-earnings ratio of 11.57, a P/E/G ratio of 2.66 and a beta of 0.53. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.10. J.C. Penney Company, Inc. Holding had a negative net margin of 1.43% and a positive return on equity of 7.60%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm posted ($0.21) earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. analysts anticipate that J.C. Penney Company, Inc. Holding Company will post 0.08 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in J.C. Penney Company, Inc. Holding by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 3,689,064 shares of the department store operator’s stock valued at $17,154,000 after purchasing an additional 329,909 shares in the last quarter. SG Americas Securities LLC lifted its holdings in J.C. Penney Company, Inc. Holding by 52.4% during the third quarter. SG Americas Securities LLC now owns 3,585,977 shares of the department store operator’s stock valued at $13,663,000 after purchasing an additional 1,232,229 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in J.C. Penney Company, Inc. Holding by 93.9% during the second quarter. Ameriprise Financial Inc. now owns 1,629,688 shares of the department store operator’s stock valued at $7,577,000 after purchasing an additional 789,312 shares in the last quarter. California Public Employees Retirement System lifted its holdings in J.C. Penney Company, Inc. Holding by 24.7% during the third quarter. California Public Employees Retirement System now owns 1,544,500 shares of the department store operator’s stock valued at $5,885,000 after purchasing an additional 306,267 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in J.C. Penney Company, Inc. Holding by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,441,164 shares of the department store operator’s stock valued at $8,878,000 after purchasing an additional 114,943 shares in the last quarter. 69.70% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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