B. Riley Comments on J.C. Penney Company, Inc. Holding Company’s Q1 2019 Earnings (JCP)

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) – Equities research analysts at B. Riley issued their Q1 2019 earnings per share estimates for shares of J.C. Penney Company, Inc. Holding in a research report issued to clients and investors on Monday. B. Riley analyst J. Van. Sinderen anticipates that the department store operator will post earnings of ($0.13) per share for the quarter. B. Riley has a “Hold” rating and a $3.50 price objective on the stock. B. Riley also issued estimates for J.C. Penney Company, Inc. Holding’s Q2 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.40 EPS.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.10. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.21) earnings per share.

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A number of other research analysts have also recently weighed in on JCP. Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. Holding from a “sell” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Tuesday, July 18th. BidaskClub upgraded 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 reiterated a “hold” rating and issued a $5.00 target price on shares of J.C. Penney Company, Inc. Holding in a research note on Thursday, August 3rd. Deutsche Bank AG boosted 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. Finally, Credit Suisse Group cut shares of J.C. Penney Company, Inc. Holding to a “sell” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.03.

J.C. Penney Company, Inc. Holding (JCP) traded down $0.22 on Tuesday, reaching $2.95. 33,105,700 shares of the company’s stock were exchanged, compared to its average volume of 19,328,244. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95. The stock has a market capitalization of $985.05, a PE ratio of 11.32 and a beta of 0.53. J.C. Penney Company, Inc. Holding has a 52-week low of $2.35 and a 52-week high of $10.74.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL boosted its position in J.C. Penney Company, Inc. Holding by 3.1% during the 2nd 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. US Bancorp DE boosted its position in J.C. Penney Company, Inc. Holding by 1.7% during the 2nd quarter. US Bancorp DE now owns 63,629 shares of the department store operator’s stock valued at $296,000 after buying an additional 1,054 shares during the period. Amalgamated Bank boosted its position in J.C. Penney Company, Inc. Holding by 3.0% during the 1st quarter. Amalgamated Bank now owns 48,763 shares of the department store operator’s stock valued at $300,000 after buying an additional 1,432 shares during the period. Oregon Public Employees Retirement Fund boosted its position in J.C. Penney Company, Inc. Holding by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 109,180 shares of the department store operator’s stock valued at $508,000 after buying an additional 1,800 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in J.C. Penney Company, Inc. Holding by 12.8% during the 1st 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. 70.46% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Marvin R. Ellison purchased 100,000 shares of the company’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $3.48 per share, with a total value of $348,000.00. Following the transaction, the chairman now directly owns 2,852,280 shares of the company’s stock, valued at approximately $9,925,934.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Javier G. Teruel purchased 135,135 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $3.64 per share, with a total value 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 disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 310,135 shares of company stock worth $1,111,391. 1.02% of the stock is owned by insiders.

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.

Earnings History and Estimates for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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