J C Penney Company Inc (JCP) : Patten Patten Inctn scooped up 46,725 additional shares in J C Penney Company Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 606,725 shares of J C Penney Company Inc which is valued at $5,466,592.J C Penney Company Inc makes up approximately 0.71% of Patten Patten Inctn’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in JCP by selling 1,070 shares or 3.0% in the most recent quarter. The Hedge Fund company now holds 34,654 shares of JCP which is valued at $312,233. J C Penney Company Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Cutler Group Lp sold out all of its stake in JCP during the most recent quarter. The investment firm sold 18,000 shares of JCP which is valued $163,080. Gofen Glossberg Il added JCP to its portfolio by purchasing 14,012 company shares during the most recent quarter which is valued at $126,949. J C Penney Company Inc makes up approx 0.01% of Gofen Glossberg Il’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in JCP by selling 66,801 shares or 38.68% in the most recent quarter. The Hedge Fund company now holds 105,880 shares of JCP which is valued at $959,273. J C Penney Company Inc makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio. Washington Trust Bank added JCP to its portfolio by purchasing 57 company shares during the most recent quarter which is valued at $514.
J C Penney Company Inc closed down -0.05 points or -0.55% at $9.01 with 1,10,26,004 shares getting traded on Tuesday. Post opening the session at $9.1, the shares hit an intraday low of $8.94 and an intraday high of $9.15 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. J C Penney Company Inc was Initiated by Guggenheim to “Neutral” on Sep 30, 2016. 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 .
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.