J C Penney (NYSE:JCP) has been assigned a $4.00 price objective by analysts at Robert W. Baird in a research report issued on Thursday, January 4th. The firm currently has a “hold” rating on the department store operator’s stock. Robert W. Baird’s price objective indicates a potential downside of 1.23% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Piper Jaffray Companies set a $3.00 price objective on J C Penney and gave the company a “hold” rating in a research report on Friday, October 27th. Atlantic Securities cut J C Penney from an “overweight” rating to a “neutral” rating in a research note on Friday, October 27th. Jefferies Group set a $3.00 price target on J C Penney and gave the company a “hold” rating in a research note on Friday, October 27th. Susquehanna Bancshares cut J C Penney from a “positive” rating to a “neutral” rating and set a $3.00 price target for the company. in a research note on Tuesday, October 31st. Finally, BMO Capital Markets set a $3.00 price objective on J C Penney and gave the stock a “hold” rating in a research note on Friday, October 27th. Three equities 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’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.78.
Shares of J C Penney (NYSE:JCP) opened at $4.05 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95. J C Penney has a twelve month low of $2.35 and a twelve month high of $7.42. The firm has a market capitalization of $1,274.33, a price-to-earnings ratio of -6.98, a P/E/G ratio of 2.66 and a beta of 0.58.
J C Penney (NYSE:JCP) last posted its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.10. J C Penney had a positive return on equity of 7.60% and a negative net margin of 1.43%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company earned ($0.21) EPS. The business’s revenue was down 1.8% compared to the same quarter last year. equities analysts forecast that J C Penney will post 0.1 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of JCP. Blair William & Co. IL raised its position in J C Penney by 3.1% in the second 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 period. Quinn Opportunity Partners LLC raised its holdings in shares of J C Penney by 13.9% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 40,900 shares of the department store operator’s stock valued at $190,000 after buying an additional 5,000 shares during the period. Pinebridge Investments L.P. purchased a new stake in shares of J C Penney in the 2nd quarter valued at $190,000. Piedmont Investment Advisors LLC purchased a new stake in shares of J C Penney in the 2nd quarter valued at $311,000. Finally, Lenox Wealth Management Inc. raised its holdings in shares of J C Penney by 93.5% in the 2nd quarter. Lenox Wealth Management Inc. now owns 71,386 shares of the department store operator’s stock valued at $332,000 after buying an additional 34,486 shares during the period. Institutional investors own 72.73% of the company’s stock.
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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.
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