J.C. Penney Co. (NYSE:JCP) EVP John Joseph Tighe III sold 38,756 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $9.33, for a total transaction of $361,593.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of J.C. Penney Co. (NYSE:JCP) opened at 9.36 on Tuesday. J.C. Penney Co. has a 52-week low of $6.00 and a 52-week high of $11.99. The company’s 50-day moving average price is $8.79 and its 200-day moving average price is $8.95. The stock’s market cap is $2.88 billion.

J.C. Penney (NYSE:JCP) last released its quarterly earnings results on Friday, November 11th. The department store operator reported ($0.21) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.21). J.C. Penney had a negative return on equity of 4.66% and a negative net margin of 2.56%. The company earned $2.86 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the prior year, the business posted ($0.45) earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts expect that J.C. Penney Co. will post $0.07 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in J.C. Penney by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,917,920 shares of the department store operator’s stock valued at $21,212,000 after buying an additional 118,463 shares during the last quarter. Nuveen Asset Management LLC boosted its position in J.C. Penney by 58.3% in the first quarter. Nuveen Asset Management LLC now owns 197,603 shares of the department store operator’s stock valued at $2,185,000 after buying an additional 72,800 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in J.C. Penney by 3.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 277,392 shares of the department store operator’s stock valued at $3,068,000 after buying an additional 8,356 shares during the last quarter. Babson Capital Management LLC acquired a new position in J.C. Penney during the first quarter valued at about $1,155,000. Finally, Squarepoint Ops LLC acquired a new position in J.C. Penney during the first quarter valued at about $1,336,000. 86.90% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on JCP. Zacks Investment Research cut shares of J.C. Penney from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Guggenheim began coverage on shares of J.C. Penney in a research report on Friday, September 30th. They set a “neutral” rating on the stock. Vetr cut shares of J.C. Penney from a “strong-buy” rating to a “buy” rating and set a $10.02 price target on the stock. in a research report on Monday, August 8th. TheStreet raised shares of J.C. Penney from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Jefferies Group reissued a “hold” rating and set a $10.00 price target on shares of J.C. Penney in a research report on Thursday, October 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given 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 $11.40.

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.