J.C. Penney Company, Inc. Holding Company (NYSE:JCP)’s share price was up 5.9% during mid-day trading on Wednesday . The stock traded as high as $4.12 and last traded at $4.10. Approximately 14,073,744 shares traded hands during trading, a decline of 23% from the average daily volume of 18,185,800 shares. The stock had previously closed at $3.87.

Several equities analysts recently issued reports on JCP shares. BidaskClub raised J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Telsey Advisory Group increased their target price on J.C. Penney Company, Inc. Holding from $7.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. BMO Capital Markets set a $6.00 target price on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Monday, July 10th. Deutsche Bank AG increased their target price on 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, Zacks Investment Research upgraded J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.80.

The stock’s 50 day moving average price is $4.54 and its 200 day moving average price is $5.16. The stock’s market capitalization is $1.27 billion.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its quarterly earnings results on Friday, August 11th. The department store operator reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. J.C. Penney Company, Inc. Holding had a positive return on equity of 10.55% and a negative net margin of 0.94%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted ($0.05) EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities analysts anticipate that J.C. Penney Company, Inc. Holding Company will post $0.43 earnings per share for the current year.

In other news, CFO Jeffrey A. Davis acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $3.62 per share, with a total value of $181,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 72,645 shares in the company, valued at $262,974.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Brown acquired 25,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $3.62 per share, with a total value of $90,500.00. Following the completion of the acquisition, the director now owns 68,123 shares of the company’s stock, valued at $246,605.26. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 310,135 shares of company stock valued at $1,111,391. 1.02% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in JCP. Capstone Asset Management Co. increased its holdings in J.C. Penney Company, Inc. Holding by 0.9% in the first quarter. Capstone Asset Management Co. now owns 35,644 shares of the department store operator’s stock valued at $220,000 after buying an additional 320 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in J.C. Penney Company, Inc. Holding by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 77,900 shares of the department store operator’s stock valued at $480,000 after buying an additional 1,700 shares during the last quarter. Glen Harbor Capital Management LLC increased its holdings in J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Glen Harbor Capital Management LLC now owns 21,216 shares of the department store operator’s stock valued at $131,000 after buying an additional 2,686 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in 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 valued at $122,000 after buying an additional 9,068 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new stake in J.C. Penney Company, Inc. Holding in the first quarter valued at about $234,000. 72.37% of the stock is owned by hedge funds and other institutional investors.

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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.

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