Short shares increased from 137,896,674 to 152,105,688 over that period. For the past 5 years, the company's revenue has grown -6.2%, while the company's earnings per share has grown 14.9%. Based on an average daily volume of 19,726,191 shares, the days-to-cover ratio is now 7.5 days. (NYSE:JCP) is worth US$982.13 Million and has recently risen 3.27% to US$3.16.
In the market the company is trading up from yesterday's close of 3.05. The company has a market cap of $927.08, a P/E ratio of 10.64, a PEG ratio of 2.52 and a beta of 0.53. Holding has a 52-week low of $2.35 and a 52-week high of $10.74. Holding (NYSE:JCP) last released its quarterly earnings results on Friday, November 10th. The total amount of shares outstanding is 310.80 million, giving the company a market capitalization of about 951.05 million. The firm had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $2.77 billion.
The TTM operating margin for the company stands at 1.7%.
Northcoast Research cut shares of J.C. Penney Company, Inc.
In other news, CFO Jeffrey A. Davis bought 50,000 shares of the company's stock in a transaction on Tuesday, August 22nd. The total value of its holdings increased 486.0%. The purchase was disclosed in a document filed with the SEC, which is available through this link. Holding news, Director Javier G. Teruel bought 135,135 shares of the firm's stock in a transaction on Tuesday, August 22nd. The day began at US$3.09 but the price moved to US$3.05 at one point during the trading and finally capitulating to a session high of US$3.2. Following the completion of the acquisition, the director now owns 518,970 shares of the company's stock, valued at approximately $1,889,050.80. The disclosure for this purchase can be found here. Its investment was worth $52,751,000 a decrease of $11,297,000 as of the end of the quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zacks Investment Research lowered J.C. Penney Company, Inc. Holding in the second quarter worth about $311,000. Envestnet Asset Management Inc claims 588,782 shares with a value of $2,243,000.
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Analyzing recent insider trading activity at J. C. Penney Company, Inc. Holding by 502.5% during the 2nd quarter.
As of the end of the quarter Gotham Asset Management, LLC had bought 1,244,619 shares growing its stake by 407.4%. Holding in the 2nd quarter worth approximately $190,000.
Traders are feeling more bearish on J.C. Penney Company Inc lately if you put credence in the change in short interest.
Examining Institutional Ownership at J. C. Penney Company, Inc. Holding by 1.7% in the 2nd quarter. The shares price has positioned -12.22% down over the past quarter while it has directed -30.70% toward a falling position throughout past six months. Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. Jefferies Group LLC reaffirmed a "hold" rating and set a $4.00 price objective on shares of J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd. J. C. Penney Company, Inc. dipped to as low as $3.05 throughout the day and has returned -61.97% in this year. Holding in a report on Wednesday, August 16th. NY boosted its position in J.C. Penney by 3.1% in the first quarter. Holding from a "buy" rating to a "hold" rating in a report on Saturday, August 12th.
On October 30 Susquehanna Bancshares maintained a stock rating of "Neutral" targeting a price of $8.50. At the moment, the average analyst rating for JCP is Hold. If you are reading this story on another site, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright law.