UBS AG cut shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) from a positive rating to a neutral rating in a research report released on Monday morning, The Fly reports.

JCP has been the subject of several other reports. Citigroup Inc. increased their price objective on shares of J.C. Penney Company, Inc. Holding from $3.00 to $4.00 and gave the company a neutral rating in a report on Friday, October 27th. BidaskClub raised shares of J.C. Penney Company, Inc. Holding from a hold rating to a buy rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a hold rating and set a $4.00 target price on shares of J.C. Penney Company, Inc. Holding in a research note on Thursday, September 14th. BMO Capital Markets set a $6.00 target price on shares of J.C. Penney Company, Inc. Holding and gave the company a hold rating in a research note on Monday, July 10th. Finally, Deutsche Bank AG increased their target price on shares of J.C. Penney Company, Inc. Holding from $5.50 to $6.50 and gave the company a hold rating in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average 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 (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.84 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) earnings per share.

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In related news, Director Javier G. Teruel bought 135,135 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $3.64 per share, for a total transaction of $491,891.40. Following the transaction, the director now directly owns 518,970 shares in the company, valued at $1,889,050.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey A. Davis bought 50,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price 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 in the company, valued at $262,974.90. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 310,135 shares of company stock valued at $1,111,391. Insiders own 1.02% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in JCP. BlackRock Inc. increased its stake in shares of J.C. Penney Company, Inc. Holding by 11,522.1% during the 1st quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator’s stock worth $152,179,000 after purchasing an additional 24,491,676 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of J.C. Penney Company, Inc. Holding by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 23,858,033 shares of the department store operator’s stock worth $146,966,000 after purchasing an additional 1,270,459 shares during the last quarter. State Street Corp increased its stake in shares of J.C. Penney Company, Inc. Holding by 3.5% during the 1st quarter. State Street Corp now owns 8,815,718 shares of the department store operator’s stock worth $54,307,000 after purchasing an additional 294,841 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of J.C. Penney Company, Inc. Holding by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,689,064 shares of the department store operator’s stock worth $17,154,000 after purchasing an additional 329,909 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of J.C. Penney Company, Inc. Holding by 502.5% during the 2nd quarter. SG Americas Securities LLC now owns 2,353,748 shares of the department store operator’s stock worth $10,945,000 after purchasing an additional 1,963,079 shares during the last quarter. Institutional investors own 72.14% of the company’s stock.

J.C. Penney Company, Inc. Holding Company Profile

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.

The Fly

Analyst Recommendations for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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