B. Riley set a $4.00 price objective on J C Penney (NYSE:JCP) in a report released on Friday morning. The brokerage currently has a hold rating on the department store operator’s stock. B. Riley also issued estimates for J C Penney’s Q2 2019 earnings at $0.03 EPS and Q4 2019 earnings at $0.44 EPS.

A number of other research analysts also recently issued reports on JCP. Robert W. Baird set a $4.00 price objective on shares of J C Penney and gave the company a hold rating in a research report on Thursday. Susquehanna Bancshares reaffirmed a neutral rating and issued a $8.50 target price (up from $6.50) on shares of J C Penney in a research report on Monday, October 30th. Jefferies Group set a $3.00 target price on shares of J C Penney and gave the stock a hold rating in a research report on Friday, October 27th. BMO Capital Markets set a $3.00 target price on shares of J C Penney and gave the stock a hold rating in a research report on Friday, October 27th. Finally, Cowen set a $4.00 target price on shares of J C Penney and gave the stock a hold rating in a research report on Sunday, October 29th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $4.73.

Shares of J C Penney (NYSE:JCP) traded down $0.08 during trading on Friday, reaching $3.61. 21,610,000 shares of the company’s stock were exchanged, compared to its average volume of 17,870,000. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95. The stock has a market cap of $1,120.00, a P/E ratio of -5.92, a P/E/G ratio of 3.20 and a beta of 0.58. J C Penney has a fifty-two week low of $2.35 and a fifty-two week high of $8.00.

J C Penney (NYSE:JCP) last issued its quarterly earnings data on Friday, November 10th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.10. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. J C Penney had a negative net margin of 1.43% and a positive return on equity of 7.60%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) EPS. sell-side analysts expect that J C Penney will post 0.07 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Blair William & Co. IL grew its position in J C Penney by 3.1% during the 2nd quarter. Blair William & Co. IL now owns 33,625 shares of the department store operator’s stock valued at $156,000 after purchasing an additional 1,000 shares during the last quarter. Quinn Opportunity Partners LLC grew its position in J C Penney by 13.9% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator’s stock valued at $190,000 after purchasing an additional 5,000 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in J C Penney during the 2nd quarter valued at about $190,000. Piedmont Investment Advisors LLC purchased a new stake in J C Penney during the 2nd quarter valued at about $311,000. Finally, Lenox Wealth Management Inc. grew its position in J C Penney by 93.5% during the 2nd quarter. Lenox Wealth Management Inc. now owns 71,386 shares of the department store operator’s stock valued at $332,000 after purchasing an additional 34,486 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

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About J C Penney

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 (NYSE:JCP)

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