J C Penney Company Inc (JCP) : Foxhaven Asset Management Lp added new position in J C Penney Company Inc during the most recent quarter end. The investment management firm now holds 484,899 shares of J C Penney Company Inc which is valued at $5,115,684 , the company said in a statement filed on Aug 15, 2016 with the SEC.J C Penney Company Inc makes up approximately 0.53% of Foxhaven Asset Management Lp’s portfolio.
Other Hedge Funds, Including , Dynamic Capital Management Ltd added JCP to its portfolio by purchasing 214,994 company shares during the most recent quarter which is valued at $2,268,187. J C Penney Company Inc makes up approx 0.26% of Dynamic Capital Management Ltd’s portfolio.Liberty Mutual Group Asset Management boosted its stake in JCP in the latest quarter, The investment management firm added 11,698 additional shares and now holds a total of 132,859 shares of J C Penney Company Inc which is valued at $1,401,662. J C Penney Company Inc makes up approx 0.05% of Liberty Mutual Group Asset Management’s portfolio.Teachers Advisors Inc boosted its stake in JCP in the latest quarter, The investment management firm added 1,401,147 additional shares and now holds a total of 11,943,671 shares of J C Penney Company Inc which is valued at $126,005,729. J C Penney Company Inc makes up approx 0.21% of Teachers Advisors Inc’s portfolio. Private Advisor Group added JCP to its portfolio by purchasing 13,485 company shares during the most recent quarter which is valued at $128,108. J C Penney Company Inc makes up approx 0.01% of Private Advisor Group’s portfolio.Gamco Investors Et Al reduced its stake in JCP by selling 70,000 shares or 13.75% in the most recent quarter. The Hedge Fund company now holds 439,200 shares of JCP which is valued at $4,124,088. J C Penney Company Inc makes up approx 0.03% of Gamco Investors Et Al’s portfolio.
J C Penney Company Inc opened for trading at $9.48 and hit $9.52 on the upside on Thursday, eventually ending the session at $9.44, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 1,28,95,843 shares. Company has a market cap of $2,905 M.
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 .
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.