Jefferies Group LLC reiterated a "hold" rating and issued a $4.00 target price on shares of J.C. Penney Company, Inc. Also, Chairman Marvin R. Ellison acquired 100,000 shares of J.C. Penney Company, Inc. The brokerage now has a "hold" rating on the department store operator's stock. Old Mutual Customised Solutions (Proprietary) has invested 0% of its portfolio in J C Penney Company Inc (NYSE:JCP). Holding stock in a transaction dated Friday, August 18th. Finally, Quinn Opportunity Partners LLC raised its position in shares of J.C. Penney Company, Inc.
Among new and sold out positions, 40 holders initiated new positions by a total of 13.63 million shares and 69 holders exited their positions by a total of 21.85 million shares. The company presently has a consensus rating of "Hold" and a consensus target price of $5.06. One Trading Limited Partnership has 0% invested in J C Penney Company Inc (NYSE:JCP). (NYSE:JCP) have caught the attention of investors. J.C. Penney Company has $14 highest and $2.75 lowest target. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.16 and a current ratio of 1.44. The stock has a beta value of 0.46. Holding (NYSE:JCP) last issued its earnings results on Friday, November 10th. After $-0.33 actual EPS reported by J C Penney Company Inc for the previous quarter, Wall Street now forecasts -254.55% EPS growth. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. Holding will post 0.06 earnings per share for the current fiscal year. Holding's revenue was down 1.8% on a year-over-year basis. research analysts anticipate that J.C. Penney Company, Inc. JCP's profit will be $158.98M for 1.59 P/E if the $0.51 EPS becomes a reality.
ILLEGAL ACTIVITY NOTICE: "Citigroup Inc". Vanguard Group Inc. boosted its stake in shares of J.C. Penney Company, Inc. If you are accessing this report on another site, it was copied illegally and reposted in violation of worldwide trademark and copyright law. Cowen and Company set a $6.00 price objective on shares of J.C. Penney Company, Inc. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Javier G. Teruel bought 135,135 shares of the firm's stock in a transaction that occurred on Tuesday, August 22nd.
This particular stock's 5-day moving average is 2.67, its 20-day moving average is 3.10 and its 100-day moving average is 4.08. Following the completion of the transaction, the chief financial officer now owns 72,645 shares in the company, valued at $262,974.90. The disclosure for this purchase can be found here. Insider ownership increased by a total of 343243 shares, which suggests that JCP's key executives are feeling more optimistic about the outlook for the stock.
Insider data can help an investor form an outlook on a stock, but it's important to supplement this data with other information such as technical indicators to form a more complete view.
Several institutional investors have recently added to or reduced their stakes in JCP. Cambridge Investment Research Advisors Inc. raised its position in shares of J.C. Penney Company, Inc. Grassi Investment Management increased its position in J.C. Penney by 53.3% in the second quarter. Holding by 12.8% during the 1st quarter. Shikiar Asset Management Inc. now owns 52,700 shares of the department store operator's stock valued at $468,000 after buying an additional 2,200 shares during the period. GA ADV increased its position in J.C. Penney by 2.8% in the second quarter. Holding by 3.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 58,490 shares of the department store operator's stock worth $360,000 after acquiring an additional 6,090 shares in the last quarter. Holding by 7.3% in the first quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator's stock worth $190,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Citigroup Inc. downgraded shares of J.C. Penney Company, Inc. As per Friday, July 14, the company rating was upgraded by J.P. Morgan. 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.
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