J.C. Penney Company, Inc. Holding Company (NYSE:JCP)‘s stock had its “hold” rating reaffirmed by analysts at B. Riley in a note issued to investors on Monday. They currently have a $3.50 price target on the department store operator’s stock. B. Riley’s target price would indicate a potential upside of 18.24% from the stock’s current price.

JCP has been the subject of several other reports. Zacks Investment Research raised shares of J.C. Penney Company, Inc. Holding from a “sell” rating to a “hold” rating in a research note on Monday. Piper Jaffray Companies set a $4.00 price objective on shares of J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Friday, August 11th. BMO Capital Markets dropped their price objective on shares of J.C. Penney Company, Inc. Holding from $4.00 to $2.75 and set a “market perform” rating for the company in a research note on Monday, October 30th. Citigroup Inc. lowered shares of J.C. Penney Company, Inc. Holding from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $4.00 to $3.00 in a research note on Monday, October 30th. Finally, Northcoast Research lowered shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “neutral” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. J.C. Penney Company, Inc. Holding currently has an average rating of “Hold” and a consensus target price of $5.03.

J.C. Penney Company, Inc. Holding (NYSE:JCP) traded down $0.21 during mid-day trading on Monday, hitting $2.96. 20,692,642 shares of the company were exchanged, compared to its average volume of 19,264,994. J.C. Penney Company, Inc. Holding has a 1 year low of $2.35 and a 1 year high of $10.74. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.16 and a current ratio of 1.44. The stock has a market capitalization of $969.51, a price-to-earnings ratio of 11.32 and a beta of 0.53.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last posted its earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the firm posted ($0.21) earnings per share. J.C. Penney Company, Inc. Holding’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts anticipate that J.C. Penney Company, Inc. Holding will post 0.06 EPS for the current fiscal year.

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In related news, Director Paul J. Brown bought 25,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $3.62 per share, for a total transaction of $90,500.00. Following the completion of the purchase, the director now directly owns 68,123 shares of the company’s stock, valued at $246,605.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Javier G. Teruel bought 135,135 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $3.64 per share, for a total transaction of $491,891.40. Following the purchase, the director now directly owns 518,970 shares of the company’s stock, valued at $1,889,050.80. The disclosure for this purchase can be found here. Insiders purchased 310,135 shares of company stock valued at $1,111,391 over the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of JCP. BlackRock Inc. grew its stake in shares of J.C. Penney Company, Inc. Holding by 11,522.1% during the first quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator’s stock worth $152,179,000 after acquiring an additional 24,491,676 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of J.C. Penney Company, Inc. Holding by 502.5% during the second quarter. SG Americas Securities LLC now owns 2,353,748 shares of the department store operator’s stock worth $10,945,000 after acquiring an additional 1,963,079 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of J.C. Penney Company, Inc. Holding by 5.6% during the first quarter. Vanguard Group Inc. now owns 23,858,033 shares of the department store operator’s stock worth $146,966,000 after acquiring an additional 1,270,459 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of J.C. Penney Company, Inc. Holding during the second quarter worth about $5,140,000. Finally, Ameriprise Financial Inc. grew its stake in shares of 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 worth $7,577,000 after acquiring an additional 789,312 shares during the last quarter. Institutional investors own 70.46% of the company’s stock.

About J.C. Penney Company, Inc. Holding

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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