J C Penney (JCP) Trading Up -5.1%

J C Penney Company Inc (NYSE:JCP) shares were up 5.1% during mid-day trading on Wednesday . The stock traded as high as $2.65 and last traded at $2.41. Approximately 1,200,240 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 16,494,826 shares. The stock had previously closed at $2.54.

Several research analysts have recently issued reports on JCP shares. Telsey Advisory Group decreased their target price on J C Penney from $4.00 to $3.00 and set a “market perform” rating for the company in a research report on Friday, May 18th. B. Riley decreased their target price on J C Penney to $3.00 and set a “neutral” rating for the company in a research report on Friday, May 18th. Morgan Stanley set a $3.00 target price on J C Penney and gave the stock a “hold” rating in a research report on Monday, May 21st. Piper Jaffray Companies set a $3.00 target price on J C Penney and gave the stock a “hold” rating in a research report on Tuesday, May 22nd. Finally, Zacks Investment Research raised J C Penney from a “sell” rating to a “hold” rating in a research report on Tuesday, May 22nd. Five equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.56.

The company has a quick ratio of 0.21, a current ratio of 1.73 and a debt-to-equity ratio of 3.31. The company has a market capitalization of $760.58 million, a price-to-earnings ratio of 8.00 and a beta of 0.87.

J C Penney (NYSE:JCP) last posted its quarterly earnings results on Thursday, August 16th. The department store operator reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.81 billion. J C Penney had a negative return on equity of 1.62% and a negative net margin of 0.11%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) EPS. analysts forecast that J C Penney Company Inc will post 0.03 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in shares of J C Penney by 2.4% in the 1st quarter. Rhumbline Advisers now owns 759,853 shares of the department store operator’s stock worth $2,295,000 after buying an additional 17,872 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of J C Penney by 45.2% in the 4th quarter. Two Sigma Advisers LP now owns 69,352 shares of the department store operator’s stock worth $219,000 after buying an additional 21,600 shares during the last quarter. Dupont Capital Management Corp grew its stake in shares of J C Penney by 36.1% in the 2nd quarter. Dupont Capital Management Corp now owns 103,600 shares of the department store operator’s stock worth $242,000 after buying an additional 27,500 shares during the last quarter. Aperio Group LLC grew its stake in shares of J C Penney by 31.7% in the 1st quarter. Aperio Group LLC now owns 118,544 shares of the department store operator’s stock worth $358,000 after buying an additional 28,554 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of J C Penney by 19.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 177,732 shares of the department store operator’s stock worth $416,000 after buying an additional 29,515 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

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, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services.

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