J C Penney Company Inc (NYSE:JCP)’s share price traded up 5.6% on Wednesday . The stock traded as high as $1.37 and last traded at $1.32. 13,073,203 shares traded hands during trading, an increase of 33% from the average session volume of 9,817,450 shares. The stock had previously closed at $1.25.

Several equities research analysts recently commented on JCP shares. Zacks Investment Research raised shares of J C Penney from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Citigroup started coverage on shares of J C Penney in a report on Thursday, December 20th. They issued an “underweight” rating for the company. Finally, B. Riley boosted their price target on shares of J C Penney from $1.50 to $1.80 and gave the stock a “neutral” rating in a report on Friday, March 1st. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2.78.

The company has a current ratio of 1.52, a quick ratio of 0.27 and a debt-to-equity ratio of 3.35. The stock has a market cap of $401.79 million, a price-to-earnings ratio of -1.35 and a beta of 1.10.

J C Penney (NYSE:JCP) last posted its earnings results on Thursday, February 28th. The department store operator reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. J C Penney had a negative net margin of 2.12% and a negative return on equity of 24.80%. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, research analysts anticipate that J C Penney Company Inc will post -0.72 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of JCP. Actinver Wealth Management Inc. acquired a new stake in shares of J C Penney during the fourth quarter worth about $48,000. Capstone Financial Advisors Inc. lifted its position in shares of J C Penney by 100.0% during the third quarter. Capstone Financial Advisors Inc. now owns 20,000 shares of the department store operator’s stock worth $33,000 after purchasing an additional 10,000 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of J C Penney by 245.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 29,187 shares of the department store operator’s stock worth $30,000 after purchasing an additional 49,187 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of J C Penney by 154.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 38,407 shares of the department store operator’s stock worth $40,000 after purchasing an additional 23,287 shares in the last quarter. Finally, TCG Advisors LP acquired a new stake in shares of J C Penney during the fourth quarter worth about $43,000. 71.79% of the stock is currently owned by institutional investors.

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J C Penney Company Profile (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, and home furnishings; and provides services, including styling salon, optical, portrait photography, and custom decorating services.

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