J.C. Penney Company, Inc. Holding Company’s (NYSE:JCP) Hold Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) in a research note published on Tuesday, StockTargetPrices.com reports. Jefferies Group LLC currently has a $7.00 price target on the department store operator’s stock.

Several other analysts also recently issued reports on the company. BidaskClub upgraded J.C. Penney Company, Inc. Holding Company from a sell rating to a hold rating in a research report on Tuesday, June 27th. Gordon Haskett upgraded J.C. Penney Company, Inc. Holding Company from a reduce rating to a hold rating and set a $4.50 price objective on the stock in a research report on Monday, June 26th. Credit Suisse Group restated a sell rating and issued a $5.00 price objective on shares of J.C. Penney Company, Inc. Holding Company in a research report on Friday, June 16th. ValuEngine downgraded J.C. Penney Company, Inc. Holding Company from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, CIBC restated a market perform rating on shares of J.C. Penney Company, Inc. Holding Company in a research report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. J.C. Penney Company, Inc. Holding Company currently has a consensus rating of Hold and an average price target of $7.07.

Shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) traded down 0.66% on Tuesday, reaching $4.52. The company’s stock had a trading volume of 8,740,775 shares. J.C. Penney Company, Inc. Holding Company has a 1-year low of $4.17 and a 1-year high of $11.30. The company has a 50 day moving average of $4.70 and a 200 day moving average of $6.17. The stock’s market capitalization is $1.40 billion.

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) last posted its earnings results on Friday, May 12th. The department store operator reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.27. J.C. Penney Company, Inc. Holding Company had a positive return on equity of 11.44% and a negative net margin of 0.89%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the company earned ($0.22) earnings per share. J.C. Penney Company, Inc. Holding Company’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts expect that J.C. Penney Company, Inc. Holding Company will post $0.47 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in J.C. Penney Company, Inc. Holding Company by 9.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 52,400 shares of the department store operator’s stock worth $435,000 after buying an additional 4,430 shares during the period. Numeric Investors LLC increased its position in J.C. Penney Company, Inc. Holding Company by 794.6% in the fourth quarter. Numeric Investors LLC now owns 131,500 shares of the department store operator’s stock worth $1,093,000 after buying an additional 116,800 shares during the period. Norges Bank purchased a new position in J.C. Penney Company, Inc. Holding Company during the fourth quarter worth approximately $12,324,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in J.C. Penney Company, Inc. Holding Company during the fourth quarter worth approximately $738,000. Finally, Hudson Bay Capital Management LP purchased a new position in J.C. Penney Company, Inc. Holding Company during the fourth quarter worth approximately $665,000. Institutional investors own 77.89% of the company’s stock.

About J.C. Penney Company, Inc. Holding Company

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.

Stock Target Prices

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

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