J.C. Penney Company, Inc. Holding Company (NYSE:JCP) was downgraded by investment analysts at Credit Suisse Group to a “sell” rating in a research note issued on Thursday.

A number of other research firms also recently issued reports on JCP. Gordon Haskett began coverage on shares of J.C. Penney Company, Inc. Holding in a research report on Tuesday, May 9th. They issued a “reduce” rating and a $5.00 target price for the company. Zacks Investment Research downgraded shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 target price on shares of J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG increased their target price 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 report on Tuesday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.50.

Shares of J.C. Penney Company, Inc. Holding (JCP) traded down 7.849% during mid-day trading on Thursday, hitting $4.755. 22,972,053 shares of the stock traded hands. The company’s market cap is $1.47 billion. The stock has a 50-day moving average of $4.97 and a 200-day moving average of $5.57. J.C. Penney Company, Inc. Holding has a 52 week low of $4.17 and a 52 week high of $11.30. J.C. Penney Company, Inc. Holding also saw unusually large options trading activity on Monday. Stock traders purchased 47,850 put options on the company. This represents an increase of approximately 803% compared to the typical volume of 5,301 put options.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its earnings results on Friday, May 12th. The department store operator reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.27. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned ($0.22) EPS. The company’s revenue was down 3.7% compared to the same quarter last year. Analysts anticipate that J.C. Penney Company, Inc. Holding will post $0.49 EPS for the current year.

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Hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of J.C. Penney Company, Inc. Holding by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock worth $103,000 after buying an additional 4,205 shares during the period. Meadow Creek Investment Management LLC increased its stake in shares of J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator’s stock worth $108,000 after buying an additional 2,212 shares during the period. Parametrica Management Ltd bought a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter worth $117,000. FNY Managed Accounts LLC bought a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter worth $117,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of J.C. Penney Company, Inc. Holding by 84.4% in the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator’s stock worth $122,000 after buying an additional 9,068 shares during the period. 77.17% of the stock is owned by hedge funds and other institutional investors.

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.

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

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