J C Penney Company Inc (NYSE:JCP)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $1.51 and last traded at $1.55, with a volume of 1070239 shares. The stock had previously closed at $1.68.

A number of equities analysts recently commented on the company. Piper Jaffray Companies set a $2.00 price objective on J C Penney and gave the stock a “hold” rating in a research note on Wednesday, October 3rd. Zacks Investment Research lowered J C Penney from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 21st. Deutsche Bank cut their price objective on J C Penney from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Friday, August 17th. B. Riley cut their price objective on J C Penney from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Friday, August 17th. Finally, Citigroup cut their price objective on J C Penney to $2.00 and set a “sell” rating on the stock in a research note on Friday, August 17th. Six equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.13.

The company has a quick ratio of 0.20, a current ratio of 1.63 and a debt-to-equity ratio of 3.43. The company has a market capitalization of $521.72 million, a P/E ratio of 6.95 and a beta of 0.79.

J C Penney (NYSE:JCP) last issued its quarterly earnings results on Thursday, August 16th. The department store operator reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.32). J C Penney had a negative net margin of 0.43% and a negative return on equity of 8.98%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the firm posted ($0.09) earnings per share. J C Penney’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts predict that J C Penney Company Inc will post -0.83 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dupont Capital Management Corp lifted its stake in J C Penney by 36.1% in the second quarter. Dupont Capital Management Corp now owns 103,600 shares of the department store operator’s stock valued at $242,000 after buying an additional 27,500 shares during the period. Wedge Capital Management L L P NC lifted its stake in J C Penney by 19.9% in the second quarter. Wedge Capital Management L L P NC now owns 177,732 shares of the department store operator’s stock valued at $416,000 after buying an additional 29,515 shares during the period. MetLife Investment Advisors LLC lifted its stake in J C Penney by 28.1% in the first quarter. MetLife Investment Advisors LLC now owns 142,816 shares of the department store operator’s stock valued at $431,000 after buying an additional 31,348 shares during the period. Commonwealth Equity Services LLC lifted its stake in J C Penney by 132.3% in the second quarter. Commonwealth Equity Services LLC now owns 68,228 shares of the department store operator’s stock valued at $160,000 after buying an additional 38,858 shares during the period. Finally, Legal & General Group Plc lifted its stake in J C Penney by 4.9% in the second quarter. Legal & General Group Plc now owns 1,030,272 shares of the department store operator’s stock valued at $2,423,000 after buying an additional 47,745 shares during the period. 72.18% of the stock is currently owned by hedge funds and other institutional investors.

About J C Penney (NYSE:JCP)

J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services.

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