J.C. Penney Company, Inc. Holding Company (NYSE:JCP) – Equities research analysts at Northcoast Research lifted their Q3 2018 EPS estimates for shares of J.C. Penney Company, Inc. Holding in a research note issued on Wednesday. Northcoast Research analyst K. Szafraniec now expects that the department store operator will earn ($0.14) per share for the quarter, up from their previous estimate of ($0.15).

A number of other equities research analysts also recently commented on JCP. Gordon Haskett started coverage on J.C. Penney Company, Inc. Holding in a research report on Tuesday, May 9th. They issued a “reduce” rating and a $5.00 target price on the stock. Piper Jaffray Companies set a $5.00 target price on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research report on Saturday, May 13th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a research report on Saturday, May 13th. B. Riley reiterated a “neutral” rating and issued a $5.70 target price on shares of J.C. Penney Company, Inc. Holding in a research report on Monday, May 15th. Finally, Robert W. Baird downgraded J.C. Penney Company, Inc. Holding from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $5.00 in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.11.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/q3-2018-eps-estimates-for-j-c-penney-company-inc-holding-company-increased-by-northcoast-research-nysejcp/1473475.html.

Shares of J.C. Penney Company, Inc. Holding (NYSE:JCP) traded down 19.002% during trading on Friday, hitting $3.815. The stock had a trading volume of 101,183,963 shares. The company’s market cap is $1.18 billion. J.C. Penney Company, Inc. Holding has a 12 month low of $3.77 and a 12 month high of $11.30. The stock has a 50 day moving average of $4.98 and a 200 day moving average of $5.57.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its quarterly earnings data 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. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.84 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. J.C. Penney Company, Inc. Holding’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share.

A number of large investors have recently modified their holdings of JCP. Pinebridge Investments L.P. bought a new stake in shares of J.C. Penney Company, Inc. Holding during the second quarter worth about $190,000. Quantitative Investment Management LLC bought a new stake in shares of J.C. Penney Company, Inc. Holding during the second quarter worth about $5,140,000. Thrivent Financial For Lutherans increased its stake in shares of J.C. Penney Company, Inc. Holding by 219.6% in the second quarter. Thrivent Financial For Lutherans now owns 186,920 shares of the department store operator’s stock worth $869,000 after buying an additional 128,430 shares during the period. Ameriprise Financial Inc. increased its stake in shares of J.C. Penney Company, Inc. Holding by 93.9% in the second quarter. Ameriprise Financial Inc. now owns 1,629,688 shares of the department store operator’s stock worth $7,577,000 after buying an additional 789,312 shares during the period. Finally, Quinn Opportunity Partners LLC increased its stake in shares of J.C. Penney Company, Inc. Holding by 13.9% in the second quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator’s stock worth $190,000 after buying an additional 5,000 shares during the period. 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)

Receive News & Ratings for J.C. Penney Company Inc. Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.C. Penney Company Inc. Holding Company and related companies with Analyst Ratings Network's FREE daily email newsletter.