J C Penney Company Inc (JCP) Short Interest Down 4.5% in January

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J C Penney Company Inc (NYSE:JCP) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 114,602,490 shares, a decrease of 4.5% from the January 15th total of 120,057,730 shares. Approximately 38.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,746,912 shares, the short-interest ratio is presently 19.9 days.

Shares of J C Penney stock opened at $1.37 on Thursday. The company has a market capitalization of $408.58 million, a price-to-earnings ratio of 6.23 and a beta of 1.16. J C Penney has a 52 week low of $0.92 and a 52 week high of $4.75. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.17 and a current ratio of 1.58.

J C Penney (NYSE:JCP) last announced its quarterly earnings results on Thursday, November 15th. The department store operator reported ($0.52) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.57) by $0.05. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.81 billion. J C Penney had a negative net margin of 0.62% and a negative return on equity of 13.97%. During the same period in the prior year, the firm posted ($0.33) earnings per share. Analysts anticipate that J C Penney will post -0.97 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Capstone Financial Advisors Inc. increased its stake in J C Penney by 100.0% in the third quarter. Capstone Financial Advisors Inc. now owns 20,000 shares of the department store operator’s stock valued at $33,000 after purchasing an additional 10,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in J C Penney by 154.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 38,407 shares of the department store operator’s stock valued at $40,000 after purchasing an additional 23,287 shares during the last quarter. TCG Advisors LP purchased a new position in J C Penney in the fourth quarter valued at approximately $43,000. Pearl River Capital LLC purchased a new position in J C Penney in the fourth quarter valued at approximately $45,000. Finally, Creative Planning increased its stake in J C Penney by 68.2% in the fourth quarter. Creative Planning now owns 45,334 shares of the department store operator’s stock valued at $47,000 after purchasing an additional 18,387 shares during the last quarter. Institutional investors own 76.60% of the company’s stock.

JCP has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of J C Penney from a “sell” rating to a “hold” rating in a research note on Wednesday. Craig Hallum restated a “hold” rating and set a $2.00 target price on shares of J C Penney in a research note on Thursday, November 15th. Telsey Advisory Group cut their target price on shares of J C Penney from $2.00 to $1.25 and set a “market perform” rating on the stock in a research note on Friday, November 16th. Argus lowered shares of J C Penney from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Finally, Citigroup started coverage on shares of J C Penney in a research note on Thursday, December 20th. They set an “underweight” rating on the stock. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $2.81.

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J C Penney Company Profile

J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services.

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