Susquehanna Bancshares Inc reissued their neutral rating on shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) in a research report sent to investors on Monday, Marketbeat.com reports. Susquehanna Bancshares Inc currently has a $8.50 price target on the department store operator’s stock, up from their prior price target of $6.50.

A number of other brokerages have also weighed in on JCP. Zacks Investment Research lowered shares of J.C. Penney Company, Inc. Holding from a buy rating to a hold rating in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a hold rating and issued a $5.00 price target on shares of J.C. Penney Company, Inc. Holding in a research note on Thursday, August 3rd. BidaskClub raised shares of J.C. Penney Company, Inc. Holding from a hold rating to a buy rating in a research note on Tuesday, August 1st. Deutsche Bank AG upped their price target on shares of J.C. Penney Company, Inc. Holding from $5.50 to $6.50 and gave the stock a hold rating in a research note on Tuesday, August 8th. Finally, Credit Suisse Group lowered shares of J.C. Penney Company, Inc. Holding to a sell rating in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $5.06.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings results on Friday, August 11th. The department store operator reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.84 billion. J.C. Penney Company, Inc. Holding had a positive return on equity of 10.55% and a negative net margin of 0.94%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share.

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In related news, Director Paul J. Brown acquired 25,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $3.62 per share, for a total transaction of $90,500.00. Following the purchase, the director now owns 68,123 shares in the company, valued at $246,605.26. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Davis acquired 50,000 shares of the company’s stock in a transaction on 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 purchase, the chief financial officer now owns 72,645 shares in the company, valued at approximately $262,974.90. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 310,135 shares of company stock worth $1,111,391. Company insiders own 1.02% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its stake in J.C. Penney Company, Inc. Holding by 33.6% in the 1st 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 period. Tudor Investment Corp ET AL increased its stake in J.C. Penney Company, Inc. Holding by 12.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock valued at $141,000 after buying an additional 2,600 shares during the period. Blair William & Co. IL grew its position in 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 worth $156,000 after acquiring an additional 1,000 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in J.C. Penney Company, Inc. Holding in the second quarter worth approximately $190,000. Finally, Quinn Opportunity Partners LLC grew its position in 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 acquiring an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 72.14% 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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