Cowen and Company set a $4.00 price target on J.C. Penney Company, Inc. Holding Company (NYSE:JCP) in a research note published on Sunday morning. The brokerage currently has a hold rating on the department store operator’s stock.

Other analysts have also issued reports about the company. Zacks Investment Research raised J.C. Penney Company, Inc. Holding from a hold rating to a strong-buy rating and set a $6.25 target price on the stock in a report on Thursday, August 10th. Deutsche Bank AG reissued a hold rating and set a $5.00 target price (down from $6.50) on shares of J.C. Penney Company, Inc. Holding in a report on Monday, August 14th. Northcoast Research reissued a buy rating and set a $9.00 target price on shares of J.C. Penney Company, Inc. Holding in a report on Monday, August 14th. B. Riley reissued a buy rating and set a $4.30 target price on shares of J.C. Penney Company, Inc. Holding in a report on Wednesday, August 16th. Finally, BidaskClub lowered J.C. Penney Company, Inc. Holding from a buy rating to a hold rating in a report on Saturday, August 12th. 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 has an average rating of Hold and an average target price of $5.06.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings data on Friday, August 11th. The department store operator reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). J.C. Penney Company, Inc. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: This report was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://theolympiareport.com/2017/11/02/j-c-penney-company-inc-holding-company-jcp-given-a-4-00-price-target-at-cowen-and-company.html.

In related news, Chairman Marvin R. Ellison purchased 100,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $3.48 per share, with a total value of $348,000.00. Following the completion of the purchase, the chairman now owns 2,852,280 shares in the company, valued at approximately $9,925,934.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Javier G. Teruel purchased 135,135 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $3.64 per share, with a total value of $491,891.40. Following the purchase, the director now owns 518,970 shares of the company’s stock, valued at approximately $1,889,050.80. The disclosure for this purchase can be found here. Insiders acquired 310,135 shares of company stock valued at $1,111,391 over the last quarter. Corporate insiders own 1.02% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake 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 buying an additional 4,205 shares during the period. Tudor Investment Corp ET AL increased its stake 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 buying an additional 2,600 shares during the period. Blair William & Co. IL increased its stake 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 buying an additional 1,000 shares during the period. Quinn Opportunity Partners LLC increased its stake 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 buying an additional 5,000 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in shares of J.C. Penney Company, Inc. Holding in the second quarter valued at about $190,000. 72.14% of the stock is owned by institutional investors.

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.

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

Receive News & Ratings for J.C. Penney Company Inc. Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.C. Penney Company Inc. Holding Company and related companies with Analyst Ratings Network's FREE daily email newsletter.