J.C. Penney Co. (NYSE:JCP)’s share price traded down 2.7% on Wednesday . The stock traded as low as $8.30 and last traded at $8.43, with a volume of 9,442,301 shares changing hands. The stock had previously closed at $8.66.

Several equities analysts recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $16.50 target price on shares of J.C. Penney in a research report on Thursday, May 12th. Citigroup Inc. lowered their target price on J.C. Penney from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, May 16th. Miller Tabak lowered their target price on J.C. Penney from $17.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 17th. Robert W. Baird upgraded J.C. Penney from a “neutral” rating to an “outperform” rating and set a $12.00 target price on the stock in a research report on Thursday, May 26th. Finally, Zacks Investment Research downgraded J.C. Penney from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.91.

The stock’s market cap is $2.63 billion. The stock’s 50-day moving average is $8.30 and its 200-day moving average is $8.65.

J.C. Penney (NYSE:JCP) last posted its quarterly earnings data on Friday, May 13th. The department store operator reported ($0.32) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.06. During the same period in the previous year, the business posted ($0.55) EPS. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.92 billion. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts predict that J.C. Penney Co. will post $0.02 earnings per share for the current year.

In related news, Director Ronald W. Tysoe acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was purchased at an average price of $7.24 per share, with a total value of $181,000.00. Following the transaction, the director now owns 68,469 shares of the company’s stock, valued at approximately $495,715.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Other institutional investors recently bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. boosted its position in J.C. Penney by 51.6% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 196,974 shares of the department store operator’s stock worth $1,311,000 after buying an additional 67,028 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in J.C. Penney by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 204,018 shares of the department store operator’s stock worth $1,359,000 after buying an additional 616 shares during the last quarter. Comerica Bank boosted its position in J.C. Penney by 1.0% in the fourth quarter. Comerica Bank now owns 217,987 shares of the department store operator’s stock worth $1,563,000 after buying an additional 2,167 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in J.C. Penney by 1.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 386,750 shares of the department store operator’s stock worth $2,576,000 after buying an additional 4,197 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in J.C. Penney by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 392,554 shares of the department store operator’s stock worth $2,614,000 after buying an additional 5,121 shares during the last quarter.

J. C. Penney Company, Inc is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices.

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