J C Penney Company Inc (NYSE:JCP) has earned a consensus recommendation of “Hold” from the twenty analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $3.40.
Several equities analysts recently issued reports on JCP shares. ValuEngine lowered shares of J C Penney from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Guggenheim restated a “hold” rating on shares of J C Penney in a report on Friday, March 2nd. B. Riley set a $4.00 target price on shares of J C Penney and gave the company a “hold” rating in a report on Monday, March 5th. Credit Suisse Group assumed coverage on shares of J C Penney in a report on Monday, March 12th. They set an “underperform” rating and a $2.50 price objective on the stock. Finally, Telsey Advisory Group dropped their price objective on shares of J C Penney from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Friday, May 18th.
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J C Penney traded up $0.03, hitting $2.76, during midday trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 10,208,600 shares, compared to its average volume of 18,095,951. The firm has a market cap of $858.01 million, a price-to-earnings ratio of 12.55 and a beta of 0.70. The company has a quick ratio of 0.21, a current ratio of 1.73 and a debt-to-equity ratio of 3.31. J C Penney has a 1-year low of $2.25 and a 1-year high of $5.63.
J C Penney (NYSE:JCP) last released its earnings results on Thursday, May 17th. The department store operator reported ($0.22) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.22). The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.62 billion. J C Penney had a negative net margin of 0.11% and a negative return on equity of 1.62%. J C Penney’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. research analysts expect that J C Penney will post 0.01 earnings per share for the current year.
Several large investors have recently bought and sold shares of JCP. Parametrica Management Ltd bought a new stake in shares of J C Penney during the first quarter worth about $196,000. Two Sigma Advisers LP increased its position in shares of J C Penney by 45.2% during the fourth quarter. Two Sigma Advisers LP now owns 69,352 shares of the department store operator’s stock worth $219,000 after acquiring an additional 21,600 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of J C Penney during the fourth quarter worth about $272,000. Nokomis Capital L.L.C. bought a new stake in shares of J C Penney during the fourth quarter worth about $284,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of J C Penney during the first quarter worth about $285,000. 73.35% of the stock is owned by institutional investors.
About J C Penney
J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services.