J.C. Penney Company, Inc. Holding Company (NYSE:JCP) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also weighed in on the company. B. Riley reissued a “buy” rating and issued a $4.30 price objective on shares of J.C. Penney Company, Inc. Holding in a report on Wednesday, August 16th. Northcoast Research reissued a “buy” rating and issued a $9.00 price objective on shares of J.C. Penney Company, Inc. Holding in a report on Monday, August 14th. Zacks Investment Research lowered J.C. Penney Company, Inc. Holding from a “strong-buy” rating to a “hold” rating in a report on Monday, August 14th. Deutsche Bank AG reissued a “hold” rating and issued a $5.00 price objective (down from $6.50) on shares of J.C. Penney Company, Inc. Holding in a report on Monday, August 14th. Finally, Citigroup Inc. cut their price objective on J.C. Penney Company, Inc. Holding from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. J.C. Penney Company, Inc. Holding has an average rating of “Hold” and an average target price of $5.80.

J.C. Penney Company, Inc. Holding (JCP) opened at 3.85 on Friday. J.C. Penney Company, Inc. Holding has a 52-week low of $3.45 and a 52-week high of $10.74. The company’s market cap is $1.19 billion. The company’s 50-day moving average is $4.69 and its 200 day moving average is $5.33.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its quarterly earnings data on Friday, August 11th. The department store operator reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.84 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share. Equities analysts forecast that J.C. Penney Company, Inc. Holding will post $0.43 earnings per share for the current fiscal year.

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In other news, Director Javier G. Teruel bought 135,135 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $3.64 per share, for a total transaction of $491,891.40. Following the completion of the transaction, the director now directly owns 518,970 shares in the company, valued at approximately $1,889,050.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul J. Brown bought 25,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average price of $3.62 per share, for a total transaction of $90,500.00. Following the transaction, the director now owns 68,123 shares of the company’s stock, valued at $246,605.26. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 310,135 shares of company stock worth $1,111,391. Company insiders own 1.02% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in J.C. Penney Company, Inc. Holding by 4.8% in the first quarter. Geode Capital Management LLC now owns 2,324,781 shares of the department store operator’s stock valued at $14,320,000 after buying an additional 106,121 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in J.C. Penney Company, Inc. Holding during the first quarter valued at $234,000. LMR Partners LLP increased its position in J.C. Penney Company, Inc. Holding by 109.7% in the first quarter. LMR Partners LLP now owns 82,172 shares of the department store operator’s stock valued at $506,000 after buying an additional 42,980 shares during the period. OppenheimerFunds Inc. increased its position in J.C. Penney Company, Inc. Holding by 77.1% in the first quarter. OppenheimerFunds Inc. now owns 512,143 shares of the department store operator’s stock valued at $3,155,000 after buying an additional 222,916 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in J.C. Penney Company, Inc. Holding by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock valued at $103,000 after buying an additional 4,205 shares during the period. Institutional investors and hedge funds own 72.37% of the company’s stock.

About J.C. Penney Company, Inc. Holding

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)

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