J.C. Penney Company, Inc. Holding Company (JCP) Given “Hold” Rating at B. Riley

B. Riley reissued their hold rating on shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) in a research report released on Monday morning. The brokerage currently has a $3.50 target price on the department store operator’s stock. B. Riley also issued estimates for J.C. Penney Company, Inc. Holding’s Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.40 EPS.

JCP has been the subject of a number of other reports. Cowen and Company set a $6.00 target price on J.C. Penney Company, Inc. Holding and gave the company a hold rating in a research report on Friday, August 11th. Susquehanna Bancshares Inc downgraded J.C. Penney Company, Inc. Holding from a positive rating to a neutral rating and set a $3.00 target price for the company. in a research report on Tuesday, October 31st. Citigroup Inc. upped their target price on J.C. Penney Company, Inc. Holding from $3.00 to $4.00 and gave the company a neutral rating in a research report on Friday, October 27th. Robert W. Baird set a $3.00 target price on J.C. Penney Company, Inc. Holding and gave the company a hold rating in a research report on Sunday, October 29th. Finally, Zacks Investment Research downgraded J.C. Penney Company, Inc. Holding from a hold rating to a sell rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $5.03.

Shares of J.C. Penney Company, Inc. Holding (NYSE:JCP) traded down $0.22 during midday trading on Monday, reaching $2.95. The company’s stock had a trading volume of 33,105,700 shares, compared to its average volume of 19,328,244. The firm has a market cap of $985.05, a price-to-earnings ratio of 11.32 and a beta of 0.53. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95. J.C. Penney Company, Inc. Holding has a 52-week low of $2.35 and a 52-week high of $10.74.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.10. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. J.C. Penney Company, Inc. Holding had a positive return on equity of 7.60% and a negative net margin of 1.43%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) EPS. research analysts expect that J.C. Penney Company, Inc. Holding will post 0.06 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://transcriptdaily.com/2017/11/14/j-c-penney-company-inc-holding-company-jcp-given-hold-rating-at-b-riley.html.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCP. Prudential Financial Inc. grew its stake in J.C. Penney Company, Inc. Holding by 6.8% during the first quarter. Prudential Financial Inc. now owns 189,502 shares of the department store operator’s stock worth $1,167,000 after purchasing an additional 12,060 shares during the period. Thrivent Financial For Lutherans grew its stake in J.C. Penney Company, Inc. Holding by 11.6% during the first quarter. Thrivent Financial For Lutherans now owns 58,490 shares of the department store operator’s stock worth $360,000 after purchasing an additional 6,090 shares during the period. Vanguard Group Inc. grew its stake in J.C. Penney Company, Inc. Holding by 5.6% during the first quarter. Vanguard Group Inc. now owns 23,858,033 shares of the department store operator’s stock worth $146,966,000 after purchasing an additional 1,270,459 shares during the period. Geode Capital Management LLC grew its stake in J.C. Penney Company, Inc. Holding by 4.8% during the first quarter. Geode Capital Management LLC now owns 2,324,781 shares of the department store operator’s stock worth $14,320,000 after purchasing an additional 106,121 shares during the period. Finally, Morgan Stanley grew its stake in J.C. Penney Company, Inc. Holding by 19.2% during the first quarter. Morgan Stanley now owns 1,716,854 shares of the department store operator’s stock worth $10,576,000 after purchasing an additional 276,456 shares during the period. 70.46% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for J.C. Penney Company, Inc. Holding (NYSE:JCP)

Receive News & Ratings for J.C. Penney Company Inc. Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.C. Penney Company Inc. Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply