J.C. Penney Company, Inc. Holding Company (NYSE:JCP) had its price objective lowered by Telsey Advisory Group from $13.00 to $11.00 in a research report report published on Monday morning. The brokerage currently has an outperform rating on the department store operator’s stock.

JCP has been the topic of a number of other research reports. Vetr raised shares of J.C. Penney Company, Inc. Holding Company from a buy rating to a strong-buy rating and set a $10.35 price target on the stock in a research note on Monday, October 3rd. Bank of America Corporation raised shares of J.C. Penney Company, Inc. Holding Company from a neutral rating to a buy rating and lifted their price target for the company from $9.53 to $12.00 in a research note on Friday, December 2nd. Zacks Investment Research cut shares of J.C. Penney Company, Inc. Holding Company from a strong-buy rating to a hold rating in a research note on Monday, October 17th. Credit Suisse Group initiated coverage on shares of J.C. Penney Company, Inc. Holding Company in a research note on Monday, December 5th. They issued a neutral rating and a $7.00 price target on the stock. Finally, Deutsche Bank AG reissued a buy rating on shares of J.C. Penney Company, Inc. Holding Company in a research note on Monday, October 31st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $10.88.

Analyst Recommendations for J.C. Penney Company, Inc. Holding Company (NYSE:JCP)

Shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) opened at 6.94 on Monday. The stock has a 50 day moving average of $8.89 and a 200 day moving average of $9.16. J.C. Penney Company, Inc. Holding Company has a 52 week low of $6.00 and a 52 week high of $11.99. The stock’s market cap is $2.14 billion.

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) last released its quarterly earnings results on Friday, November 11th. The department store operator reported ($0.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.21). J.C. Penney Company, Inc. Holding Company had a negative net margin of 2.56% and a negative return on equity of 4.66%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the company earned ($0.45) EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts expect that J.C. Penney Company, Inc. Holding Company will post $0.03 earnings per share for the current year.

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In other J.C. Penney Company, Inc. Holding Company news, EVP John Joseph Tighe III sold 38,756 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $9.33, for a total transaction of $361,593.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.28% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of J.C. Penney Company, Inc. Holding Company by 5.5% in the second quarter. Vanguard Group Inc. now owns 21,109,379 shares of the department store operator’s stock worth $187,451,000 after buying an additional 1,107,077 shares during the period. Lazard Asset Management LLC raised its stake in J.C. Penney Company, Inc. Holding Company by 3.0% in the third quarter. Lazard Asset Management LLC now owns 17,896,394 shares of the department store operator’s stock worth $165,004,000 after buying an additional 517,172 shares during the last quarter. TCW Group Inc. raised its stake in J.C. Penney Company, Inc. Holding Company by 10.5% in the second quarter. TCW Group Inc. now owns 15,851,908 shares of the department store operator’s stock worth $140,765,000 after buying an additional 1,511,885 shares during the last quarter. Evercore Trust Company N.A. raised its stake in J.C. Penney Company, Inc. Holding Company by 3.5% in the second quarter. Evercore Trust Company N.A. now owns 13,578,284 shares of the department store operator’s stock worth $120,575,000 after buying an additional 452,969 shares during the last quarter. Finally, FMR LLC raised its stake in J.C. Penney Company, Inc. Holding Company by 0.5% in the second quarter. FMR LLC now owns 13,520,780 shares of the department store operator’s stock worth $120,065,000 after buying an additional 61,605 shares during the last quarter. Institutional investors own 86.53% of the company’s stock.

About J.C. Penney Company, Inc. Holding Company

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.

5 Day Chart for NYSE:JCP

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