J C Penney Company Inc (JCP) : Hrt Financial added new position in J C Penney Company Inc during the most recent quarter end. The investment management firm now holds 25,483 shares of J C Penney Company Inc which is valued at $268,846 , the company said in a statement filed on Aug 10, 2016 with the SEC.J C Penney Company Inc makes up approximately 0.15% of Hrt Financial’s portfolio.
Other Hedge Funds, Including , Buckingham Capital Management Inc added JCP to its portfolio by purchasing 585,000 company shares during the most recent quarter which is valued at $6,171,750. J C Penney Company Inc makes up approx 0.33% of Buckingham Capital Management Inc’s portfolio.Calvert Investment Management boosted its stake in JCP in the latest quarter, The investment management firm added 324 additional shares and now holds a total of 17,587 shares of J C Penney Company Inc which is valued at $165,142. J C Penney Company Inc makes up approx 0.01% of Calvert Investment Management’s portfolio. Chicago Equity Partners sold out all of its stake in JCP during the most recent quarter. The investment firm sold 45,670 shares of JCP which is valued $441,172.Lmr Partners Llp boosted its stake in JCP in the latest quarter, The investment management firm added 42,784 additional shares and now holds a total of 80,874 shares of J C Penney Company Inc which is valued at $781,243. J C Penney Company Inc makes up approx 0.12% of Lmr Partners Llp’s portfolio.Parkwood reduced its stake in JCP by selling 8,202 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 47,408 shares of JCP which is valued at $433,783. J C Penney Company Inc makes up approx 0.07% of Parkwood’s portfolio.
J C Penney Company Inc closed down -0.03 points or -0.29% at $10.25 with 1,32,91,750 shares getting traded on Friday. Post opening the session at $10.25, the shares hit an intraday low of $10.18 and an intraday high of $10.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, J C Penney Company Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 12, 2016. Analyst had a consensus of $-0.14. The company had revenue of $2918.00 million for the quarter, compared to analysts expectations of $2930.10 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.
Many Wall Street Analysts have commented on J C Penney Company Inc. Company shares were Reiterated by Telsey Advisory Group on Aug 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 13 from a previous price target of $12 .Shares were Reiterated by Miller Tabak on May 23, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $17 .Shares were Reiterated by Miller Tabak on May 17, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $17 .
J. C. Penney Company Inc. (JCPenney) is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation Inc. (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com which utilizes applications for desktop mobile and tablet devices. The Company’s online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up. The Company sells family apparel and footwear accessories fine and fashion jewelry beauty products through Sephora inside JCPenney and home furnishings. The Company’s department stores provide its customers with services such as styling salon optical portrait photography and custom decorating.