J C Penney Company Inc (JCP) : Hodges Capital Management scooped up 45,690 additional shares in J C Penney Company Inc during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 2,444,890 shares of J C Penney Company Inc which is valued at $28,287,377.J C Penney Company Inc makes up approximately 1.20% of Hodges Capital Management’s portfolio.
Other Hedge Funds, Including , Tci Wealth Advisors reduced its stake in JCP by selling 147 shares or 26.87% during the fourth quarter. The Hedge Fund company now holds 400 shares of JCP which is valued at $4,628.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in JCP during the Q4 period, The investment management firm added 378 additional shares and now holds a total of 88,573 shares of J C Penney Company Inc which is valued at $1,024,790. J C Penney Company Inc makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Royce Associates boosted its stake in JCP during the Q4 period, The investment management firm added 32,000 additional shares and now holds a total of 1,474,884 shares of J C Penney Company Inc which is valued at $17,064,408. J C Penney Company Inc makes up approx 0.10% of Royce Associates’s portfolio.Proshare Advisors boosted its stake in JCP during the Q4 period, The investment management firm added 7,543 additional shares and now holds a total of 54,236 shares of J C Penney Company Inc which is valued at $627,511. J C Penney Company Inc makes up approx 0.01% of Proshare Advisors’s portfolio.
On the company’s financial health, J C Penney Company Inc reported $-0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 13, 2015. Analyst had a consensus of $-0.55. The company had revenue of $2897.00 million for the quarter, compared to analysts expectations of $2878.68 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.77 EPS.
Many Wall Street Analysts have commented on J C Penney Company Inc. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Miller Tabak Initiated J C Penney Company Inc on Mar 8, 2016 to “Buy”, Price Target of the shares are set at $17.Company shares were Reiterated by Telsey Advisory Group on Feb 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $10 .
J C Penney Company Inc opened for trading at $11.52 and hit $11.85 on the upside on Friday, eventually ending the session at $11.57, with a gain of 0.43% or 0.05 points. The heightened volatility saw the trading volume jump to 1,22,25,582 shares. Company has a market cap of $3,548 M.
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.