J.C. Penney Co. (NYSE:JCP) – Stock analysts at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for shares of J.C. Penney in a research report issued to clients and investors on Monday. B. Riley analyst J. Van. Sinderen forecasts that the firm will post earnings per share of ($0.13) for the quarter. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. B. Riley also issued estimates for J.C. Penney’s Q4 2018 earnings at $0.46 EPS.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered J.C. Penney from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Guggenheim began coverage on J.C. Penney in a research note on Friday, September 30th. They issued a “neutral” rating on the stock. Vetr downgraded J.C. Penney from a “strong-buy” rating to a “buy” rating and set a $10.02 price objective on the stock. in a research note on Monday, August 8th. TheStreet upgraded J.C. Penney from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Jefferies Group reiterated a “hold” rating and issued a $10.00 price objective on shares of J.C. Penney in a research note on Thursday, October 20th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.44.

Earnings History and Estimates for J.C. Penney (NYSE:JCP)

Shares of J.C. Penney (NYSE:JCP) traded up 0.11% during mid-day trading on Wednesday, reaching $9.19. The company had a trading volume of 3,265,471 shares. J.C. Penney has a 12-month low of $6.00 and a 12-month high of $11.99. The firm’s 50 day moving average is $8.78 and its 200-day moving average is $8.94. The stock’s market capitalization is $2.83 billion.

J.C. Penney (NYSE:JCP) last announced its quarterly earnings results on Friday, November 11th. The department store operator reported ($0.21) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.95 billion. J.C. Penney had a negative return on equity of 4.55% and a negative net margin of 2.56%. J.C. Penney’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.45) EPS.

In other news, Chairman Marvin R. Ellison bought 50,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were bought at an average price of $9.92 per share, for a total transaction of $496,000.00. Following the purchase, the chairman now owns 2,557,317 shares in the company, valued at $25,368,584.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parametrica Management Ltd purchased a new position in J.C. Penney during the second quarter worth $102,000. Princeton Alpha Management LP purchased a new position in J.C. Penney during the third quarter worth $102,000. Invictus RG purchased a new position in J.C. Penney during the first quarter worth $103,000. Advisors Asset Management Inc. boosted its position in J.C. Penney by 40.8% in the second quarter. Advisors Asset Management Inc. now owns 11,546 shares of the department store operator’s stock worth $103,000 after buying an additional 3,346 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its position in J.C. Penney by 4.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 11,900 shares of the department store operator’s stock worth $110,000 after buying an additional 500 shares during the period. Institutional investors own 85.43% of the company’s stock.

About J.C. Penney

J. C. Penney Company, Inc is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices.

5 Day Chart for NYSE:JCP

Receive News & Stock Ratings for J.C. Penney Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.C. Penney Co. and related stocks with our FREE daily email newsletter.