State of Tennessee Treasury Department lowered its position in J C Penney Company Inc (NYSE:JCP) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,343 shares of the department store operator’s stock after selling 86,712 shares during the period. State of Tennessee Treasury Department’s holdings in J C Penney were worth $901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1060 Capital LLC acquired a new stake in shares of J C Penney in the 4th quarter worth approximately $4,740,000. Engineers Gate Manager LP acquired a new stake in shares of J C Penney in the 4th quarter worth approximately $357,000. Crossmark Global Holdings Inc. grew its holdings in shares of J C Penney by 101.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 110,878 shares of the department store operator’s stock worth $350,000 after acquiring an additional 55,814 shares during the period. ING Groep NV grew its holdings in shares of J C Penney by 17.0% in the 4th quarter. ING Groep NV now owns 296,015 shares of the department store operator’s stock worth $935,000 after acquiring an additional 43,115 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of J C Penney by 15.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 4,047,334 shares of the department store operator’s stock worth $12,790,000 after acquiring an additional 540,236 shares during the period. Institutional investors and hedge funds own 78.92% of the company’s stock.

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Shares of J C Penney Company Inc (NYSE:JCP) opened at $3.28 on Wednesday. The company has a market capitalization of $1,012.61, a price-to-earnings ratio of -8.63, a price-to-earnings-growth ratio of 1.25 and a beta of 0.50. The company has a current ratio of 1.46, a quick ratio of 0.28 and a debt-to-equity ratio of 2.89. J C Penney Company Inc has a fifty-two week low of $2.35 and a fifty-two week high of $6.30.

J C Penney (NYSE:JCP) last posted its quarterly earnings data on Friday, March 2nd. The department store operator reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.10. J C Penney had a positive return on equity of 5.65% and a negative net margin of 0.93%. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. equities research analysts forecast that J C Penney Company Inc will post 0.16 earnings per share for the current year.

A number of equities research analysts recently weighed in on the company. Piper Jaffray Companies set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut J C Penney from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. B. Riley set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a report on Monday, March 5th. Robert W. Baird set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Guggenheim restated a “hold” rating on shares of J C Penney in a report on Friday, March 2nd. Four analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company’s stock. J C Penney has a consensus rating of “Hold” and a consensus target price of $4.31.

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J C Penney 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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Institutional Ownership by Quarter for J C Penney (NYSE:JCP)

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