J.C. Penney Company, Inc. Holding Company (NYSE:JCP)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research note issued on Thursday. They presently have a $4.00 target price on the department store operator’s stock. Jefferies Group LLC’s price objective would suggest a potential downside of 4.99% from the stock’s previous close.

JCP has been the subject of several other research reports. Piper Jaffray Companies set a $4.00 price objective on shares of J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a report on Friday, August 11th. BidaskClub raised shares of J.C. Penney Company, Inc. Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Citigroup Inc. dropped their price objective on shares of J.C. Penney Company, Inc. Holding from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, August 14th. Zacks Investment Research raised shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a report on Thursday, August 10th. Finally, ValuEngine downgraded shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. J.C. Penney Company, Inc. Holding presently has an average rating of “Hold” and a consensus target price of $5.80.

Shares of J.C. Penney Company, Inc. Holding (NYSE JCP) opened at 4.21 on Thursday. J.C. Penney Company, Inc. Holding has a 1-year low of $3.45 and a 1-year high of $10.74. The company’s 50-day moving average price is $4.30 and its 200 day moving average price is $5.04. The company’s market cap is $1.31 billion.

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

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In other news, Director Paul J. Brown acquired 25,000 shares of J.C. Penney Company, Inc. Holding stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $3.62 per share, with a total value of $90,500.00. Following the transaction, the director now directly owns 68,123 shares of the company’s stock, valued at approximately $246,605.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Javier G. Teruel acquired 135,135 shares of J.C. Penney Company, Inc. Holding stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $3.64 per share, for a total transaction of $491,891.40. Following the completion of the transaction, the director now directly owns 518,970 shares in the company, valued at $1,889,050.80. The disclosure for this purchase can be found here. Insiders purchased a total of 310,135 shares of company stock worth $1,111,391 over the last three months. 1.02% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of J.C. Penney Company, Inc. Holding by 33.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock worth $103,000 after acquiring an additional 4,205 shares during the period. Meadow Creek Investment Management LLC increased its position in shares of J.C. Penney Company, Inc. Holding by 14.5% during the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator’s stock worth $108,000 after acquiring an additional 2,212 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of J.C. Penney Company, Inc. Holding during the first quarter worth approximately $117,000. Janney Montgomery Scott LLC increased its position in shares of J.C. Penney Company, Inc. Holding by 84.4% during the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator’s stock worth $122,000 after acquiring an additional 9,068 shares during the period. Finally, Glen Harbor Capital Management LLC increased its position in shares of J.C. Penney Company, Inc. Holding by 14.5% during the first quarter. Glen Harbor Capital Management LLC now owns 21,216 shares of the department store operator’s stock worth $131,000 after acquiring an additional 2,686 shares during the period. 72.27% of the stock is currently owned by institutional investors.

About J.C. Penney Company, Inc. Holding

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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