J.C. Penney Company, Inc. Holding Company (NYSE:JCP) – Analysts at Northcoast Research cut their Q4 2018 earnings estimates for shares of J.C. Penney Company, Inc. Holding in a research report issued on Monday. Northcoast Research analyst K. Szafraniec now anticipates that the department store operator will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.54. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for J.C. Penney Company, Inc. Holding’s FY2019 earnings at $0.25 EPS.

A number of other brokerages have also recently weighed in on JCP. Zacks Investment Research upgraded 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 target on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Friday, August 11th. B. Riley set a $4.00 price target on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets cut their price target on 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. Finally, Citigroup Inc. cut J.C. Penney Company, Inc. Holding from a “neutral” rating to a “sell” rating and cut their price target for the stock from $4.00 to $3.00 in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.03.

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Shares of J.C. Penney Company, Inc. Holding (NYSE:JCP) traded up $0.10 during midday trading on Tuesday, reaching $3.16. The company’s stock had a trading volume of 12,062,123 shares, compared to its average volume of 19,230,584. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.16 and a current ratio of 1.44. J.C. Penney Company, Inc. Holding has a one year low of $2.35 and a one year high of $10.74. The stock has a market capitalization of $981.94, a PE ratio of 10.64, a P/E/G ratio of 2.52 and a beta of 0.53.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings data on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.10. J.C. Penney Company, Inc. Holding had a positive return on equity of 7.60% and a negative net margin of 1.43%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business earned ($0.21) earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis.

Several large investors have recently modified their holdings of JCP. Tudor Investment Corp ET AL lifted its position in shares of J.C. Penney Company, Inc. Holding by 12.8% in the first quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock valued at $141,000 after acquiring an additional 2,600 shares in the last quarter. Blair William & Co. IL lifted its position in shares of J.C. Penney Company, Inc. Holding by 3.1% in the second quarter. Blair William & Co. IL now owns 33,625 shares of the department store operator’s stock valued at $156,000 after acquiring an additional 1,000 shares in the last quarter. Quinn Opportunity Partners LLC lifted its position 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 valued at $190,000 after acquiring an additional 5,000 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of J.C. Penney Company, Inc. Holding in the second quarter valued at $190,000. Finally, US Bancorp DE lifted its position in shares of J.C. Penney Company, Inc. Holding by 1.7% in the second quarter. US Bancorp DE now owns 63,629 shares of the department store operator’s stock valued at $296,000 after acquiring an additional 1,054 shares in the last quarter. Institutional investors and hedge funds own 70.46% of the company’s stock.

In related news, Chairman Marvin R. Ellison acquired 100,000 shares of J.C. Penney Company, Inc. Holding stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $3.48 per share, for a total transaction of $348,000.00. Following the completion of the transaction, the chairman now directly owns 2,852,280 shares of the company’s stock, valued at $9,925,934.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeffrey A. Davis acquired 50,000 shares of J.C. Penney Company, Inc. Holding stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $3.62 per share, for a total transaction of $181,000.00. Following the completion of the transaction, the chief financial officer now directly owns 72,645 shares of the company’s stock, valued at $262,974.90. The disclosure for this purchase can be found here. Insiders acquired 310,135 shares of company stock worth $1,111,391 in the last three months. 1.02% of the stock is owned by corporate insiders.

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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