An issue of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) debt fell 0.7% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 5.65% coupon and is set to mature on June 1, 2020. The debt is now trading at $92.22 and was trading at $88.50 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

Several equities research analysts recently issued reports on JCP shares. 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 reaffirmed a “hold” rating and issued a $5.00 price objective on shares of J.C. Penney Company, Inc. Holding in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Friday, August 4th. Deutsche Bank AG lifted their price objective 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. Finally, Credit Suisse Group lowered shares of J.C. Penney Company, Inc. Holding to a “sell” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. J.C. Penney Company, Inc. Holding currently has an average rating of “Hold” and a consensus price target of $5.03.

Shares of J.C. Penney Company, Inc. Holding Company (NYSE JCP) traded up $0.02 on Thursday, reaching $3.24. 13,785,500 shares of the company traded hands, compared to its average volume of 19,124,480. The company has a market cap of $1,010.00, a P/E ratio of 11.50, a PEG ratio of 2.65 and a beta of 0.53. J.C. Penney Company, Inc. Holding Company has a 12-month low of $2.35 and a 12-month high of $10.74. The company has a quick ratio of 0.16, a current ratio of 1.44 and a debt-to-equity ratio of 3.95.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its earnings results on Friday, November 10th. The department store operator reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.10. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 1.43% and a positive return on equity of 7.60%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS. equities research analysts forecast that J.C. Penney Company, Inc. Holding Company will post 0.08 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blair William & Co. IL raised its holdings in J.C. Penney Company, Inc. Holding by 3.1% in the 2nd quarter. Blair William & Co. IL now owns 33,625 shares of the department store operator’s stock worth $156,000 after acquiring an additional 1,000 shares during the period. US Bancorp DE raised its holdings in J.C. Penney Company, Inc. Holding by 1.7% in the 2nd quarter. US Bancorp DE now owns 63,629 shares of the department store operator’s stock worth $296,000 after acquiring an additional 1,054 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in J.C. Penney Company, Inc. Holding by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 109,180 shares of the department store operator’s stock worth $508,000 after acquiring an additional 1,800 shares during the period. Tudor Investment Corp ET AL raised its holdings in J.C. Penney Company, Inc. Holding by 12.8% in the 1st quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock worth $141,000 after acquiring an additional 2,600 shares during the period. Finally, Quinn Opportunity Partners LLC raised its holdings in J.C. Penney Company, Inc. Holding by 13.9% in the 2nd 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 during the period. Hedge funds and other institutional investors own 69.70% of the company’s stock.

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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.

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