J.C. Penney Co. (NYSE:JCP) was down 3.7% during trading on Wednesday . The stock traded as low as $10.66 and last traded at $10.74, with a volume of 15,616,884 shares changing hands. The stock had previously closed at $11.15.

Several equities research analysts have commented on JCP shares. B. Riley reaffirmed a “buy” rating and issued a $15.00 target price on shares of J.C. Penney in a research note on Tuesday, May 17th. Zacks Investment Research downgraded shares of J.C. Penney from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Vetr downgraded shares of J.C. Penney from a “buy” rating to a “hold” rating and set a $10.02 price objective for the company. in a research report on Monday. Miller Tabak lowered their price objective on shares of J.C. Penney from $17.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. Finally, Cowen and Company reissued a “market perform” rating and set a $10.00 price objective on shares of J.C. Penney in a research report on Monday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.93.

The stock’s market cap is $3.31 billion. The company’s 50-day moving average is $9.26 and its 200-day moving average is $9.14.

J.C. Penney (NYSE:JCP) last posted its earnings results on Friday, August 12th. The department store operator reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.10. During the same quarter in the previous year, the company earned ($0.41) EPS. The firm earned $2.92 billion during the quarter, compared to the consensus estimate of $2.93 billion. The business’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that J.C. Penney Co. will post $0.14 earnings per share for the current year.

Several institutional investors recently modified their holdings of JCP. Mutual of America Capital Management LLC increased its position in shares of 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 period. Comerica Bank increased its position in shares of 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 period. Finally, Dimensional Fund Advisors LP increased its position in shares of J.C. Penney by 92.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,369,570 shares of the department store operator’s stock worth $69,062,000 after buying an additional 4,985,651 shares during the period.

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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