B. Riley Analysts Give J.C. Penney Company, Inc. Holding Company (JCP) a $4.00 Price Target

B. Riley set a $4.00 price objective on J.C. Penney Company, Inc. Holding Company (NYSE:JCP) in a research note published on Monday morning. The firm currently has a hold rating on the department store operator’s stock.

Several other analysts have also recently commented on JCP. Atlantic Securities cut J.C. Penney Company, Inc. Holding from an overweight rating to a neutral rating in a report on Friday, October 27th. Jefferies Group LLC set a $3.00 price target on J.C. Penney Company, Inc. Holding and gave the company a hold rating in a report on Friday, October 27th. Cowen and Company set a $4.00 price target on J.C. Penney Company, Inc. Holding and gave the company a hold rating in a report on Sunday. BidaskClub cut J.C. Penney Company, Inc. Holding from a buy rating to a hold rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies set a $3.00 price target on J.C. Penney Company, Inc. Holding and gave the company a hold rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $5.06.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last posted 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). J.C. Penney Company, Inc. Holding had a positive return on equity of 10.55% and a negative net margin of 0.94%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year.

WARNING: “B. Riley Analysts Give J.C. Penney Company, Inc. Holding Company (JCP) a $4.00 Price Target” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.com-unik.info/2017/11/02/b-riley-analysts-give-j-c-penney-company-inc-holding-company-jcp-a-4-00-price-target.html.

In other J.C. Penney Company, Inc. Holding news, Director Javier G. Teruel acquired 135,135 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $3.64 per share, with a total value of $491,891.40. Following the completion of the transaction, the director now directly owns 518,970 shares in the company, valued at $1,889,050.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey A. Davis acquired 50,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $3.62 per share, with a total value of $181,000.00. Following the transaction, the chief financial officer now owns 72,645 shares of the company’s stock, valued at $262,974.90. The disclosure for this purchase can be found here. Insiders have acquired 310,135 shares of company stock valued at $1,111,391 in the last three months. 1.02% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of 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 purchasing an additional 4,205 shares during the period. Tudor Investment Corp ET AL grew its position in shares of J.C. Penney Company, Inc. Holding by 12.8% in the first quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock valued at $141,000 after purchasing an additional 2,600 shares during the period. Blair William & Co. IL grew its position in shares of J.C. Penney Company, Inc. Holding 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 grew its position in shares of J.C. Penney Company, Inc. Holding by 13.9% in the second 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 period. Finally, Pinebridge Investments L.P. purchased a new stake in shares of J.C. Penney Company, Inc. Holding in the second quarter valued at $190,000. 72.14% of the stock is owned by institutional investors and hedge funds.

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)

What are top analysts saying about J.C. Penney Company Inc. Holding Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for J.C. Penney Company Inc. Holding Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit