Dimensional Fund Advisors LP trimmed its stake in shares of J C Penney Company Inc (NYSE:JCP) by 7.2% in the fourth quarter, HoldingsChannel reports. The firm owned 6,622,739 shares of the department store operator’s stock after selling 516,744 shares during the quarter. Dimensional Fund Advisors LP’s holdings in J C Penney were worth $6,888,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in shares of J C Penney by 6.4% in the 4th quarter. Arizona State Retirement System now owns 485,711 shares of the department store operator’s stock valued at $505,000 after buying an additional 29,051 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of J C Penney by 42.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 145,414 shares of the department store operator’s stock valued at $151,000 after buying an additional 43,040 shares during the period. Rhumbline Advisers lifted its holdings in shares of J C Penney by 19.0% in the 4th quarter. Rhumbline Advisers now owns 924,230 shares of the department store operator’s stock valued at $961,000 after buying an additional 147,748 shares during the period. Creative Planning lifted its holdings in shares of J C Penney by 68.2% in the 4th quarter. Creative Planning now owns 45,334 shares of the department store operator’s stock valued at $47,000 after buying an additional 18,387 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of J C Penney in the 4th quarter valued at approximately $5,976,000. Institutional investors and hedge funds own 70.54% of the company’s stock.

JCP has been the subject of several research reports. B. Riley set a $1.00 price objective on J C Penney and gave the stock a “hold” rating in a report on Friday, May 17th. Zacks Investment Research raised J C Penney from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. J C Penney currently has an average rating of “Sell” and a consensus price target of $2.53.

In other news, Director Javier G. Teruel acquired 223,419 shares of J C Penney stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average cost of $0.98 per share, with a total value of $218,950.62. Following the completion of the acquisition, the director now owns 1,045,903 shares in the company, valued at approximately $1,024,984.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.41% of the company’s stock.

Shares of JCP stock opened at $1.12 on Friday. The firm has a market cap of $358.00 million, a P/E ratio of -1.19 and a beta of 1.34. J C Penney Company Inc has a 1 year low of $0.80 and a 1 year high of $2.83. The company has a quick ratio of 0.24, a current ratio of 1.51 and a debt-to-equity ratio of 4.75.

J C Penney (NYSE:JCP) last issued its quarterly earnings data on Tuesday, May 21st. The department store operator reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.07). The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.49 billion. J C Penney had a negative return on equity of 33.29% and a negative net margin of 2.78%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) earnings per share. As a group, research analysts predict that J C Penney Company Inc will post -1.04 earnings per share for the current year.

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J C Penney Profile

J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings; and provides services, including styling salon, optical, portrait photography, and custom decorating services.

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Institutional Ownership by Quarter for J C Penney (NYSE:JCP)

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