J.C. Penney Company, Inc. Holding Company (NYSE:JCP) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in J.C. Penney Company, Inc. Holding Company (NYSE:JCP) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,858,033 shares of the department store operator’s stock after buying an additional 1,270,459 shares during the period. Vanguard Group Inc. owned about 7.73% of J.C. Penney Company, Inc. Holding worth $146,966,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Horrell Capital Management Inc. raised its position in shares of J.C. Penney Company, Inc. Holding by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,360 shares of the department store operator’s stock worth $169,000 after buying an additional 100 shares in the last quarter. World Asset Management Inc raised its position in shares of J.C. Penney Company, Inc. Holding by 0.7% in the first quarter. World Asset Management Inc now owns 23,122 shares of the department store operator’s stock worth $142,000 after buying an additional 153 shares in the last quarter. Capstone Asset Management Co. increased its stake in J.C. Penney Company, Inc. Holding by 0.9% in the first quarter. Capstone Asset Management Co. now owns 35,644 shares of the department store operator’s stock valued at $220,000 after buying an additional 320 shares during the last quarter. State Treasurer State of Michigan increased its stake in J.C. Penney Company, Inc. Holding by 0.9% in the first quarter. State Treasurer State of Michigan now owns 125,240 shares of the department store operator’s stock valued at $771,000 after buying an additional 1,100 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in J.C. Penney Company, Inc. Holding by 3.0% in the first quarter. Advantus Capital Management Inc now owns 39,474 shares of the department store operator’s stock valued at $243,000 after buying an additional 1,157 shares during the last quarter. Hedge funds and other institutional investors own 77.17% of the company’s stock.

J.C. Penney Company, Inc. Holding Company (NYSE JCP) opened at 5.16 on Thursday. The firm’s market cap is $1.60 billion. The stock’s 50 day moving average is $4.93 and its 200 day moving average is $5.62. J.C. Penney Company, Inc. Holding Company has a 52 week low of $4.17 and a 52 week high of $11.30. J.C. Penney Company, Inc. Holding also saw some unusual options trading activity on Monday. Traders purchased 47,850 put options on the company. This represents an increase of 803% compared to the typical daily volume of 5,301 put options.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last posted its quarterly earnings data on Friday, May 12th. The department store operator reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.27. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the company earned ($0.22) earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts expect that J.C. Penney Company, Inc. Holding Company will post $0.49 EPS for the current year.

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JCP has been the subject of several research analyst reports. Telsey Advisory Group boosted their target price on shares of J.C. Penney Company, Inc. Holding from $7.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. ValuEngine raised shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research raised shares of J.C. Penney Company, Inc. Holding from a “sell” rating to a “buy” rating and set a $5.75 target price for the company in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J.C. Penney Company, Inc. Holding in a research report on Monday, May 22nd. Finally, Deutsche Bank AG downgraded shares of J.C. Penney Company, Inc. Holding from a “buy” rating to a “hold” rating and dropped their target price for the stock from $9.00 to $5.50 in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.49.

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.

Institutional Ownership by Quarter for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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