J. C. Penney Company, Inc. (NYSE:JCP) marched up 5.52% compared to a 52-week low price of $0.75. The shares were last seen trading 5.45% higher, taking the closing price at $0.79 on 7/30/2019. At a recent session, the prices were hovering between $0.72 and $0.799. This company shares are 39.24% off its target price of $1.1 and the current market capitalization stands at $259.56M. The recent change has given its price a -23.75% deficit over SMA 50 and -70.14% deficit over its 52-week high. The stock witnessed -30.58% declines, -42.23% declines and -38.65% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found JCP’s volatility during a week at 9.27% and during a month it has been found around 6.61%.

What Does J. C. Penney Company, Inc. (JCP) Do?

The company describes itself in regulatory filings as, “J. C. Penney Co., Inc. is a holding company, which through its subsidiary, J. C. Penney Corporation, Inc., engages in the selling merchandise and services to consumers through its department stores and website. It offers appliances, handbags, shoes, jewelry, shoes, and clothes. The company was founded by James Cash Penney in April 1902 and is headquartered in Plano, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/JCP/profile under company description.]

J. C. Penney Company, Inc. (JCP) Top Holders

Institutional investors currently hold around $167 million or 72% in JCP stock. Look at its top three institutional owners: Blackrock Inc. owns $31.94 million in J. C. Penney Company, Inc., which represents roughly 12.31% of the company’s market cap and approximately 19.13% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 30,582,667 shares of the stock are valued at $22.97 million. The third largest holder is Contrarius Investment Management Ltd, which currently holds $10.93 million worth of this stock and that ownership represents nearly 4.21% of its market capitalization.

J. C. Penney Company, Inc. 13F Filings

At the end of March reporting period, 85 institutional holders increased their position in J. C. Penney Company, Inc. (NYSE:JCP) by some 27,064,464 shares, 106 decreased positions by 42,446,488 and 78 held positions by 152,411,106. That puts total institutional holdings at 221,922,058 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 2,564,670 shares while 37 institutional investors sold out their entire positions totaling 9,438,668 shares.

J. C. Penney Company, Inc. (NYSE:JCP) Insider Trades

Multiple company employees have indulged in significant insider trading. J. C. Penney Company, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director TERUEL JAVIER G has acquired 941,095 shares of J. C. Penney Company, Inc. (JCP) in the trading session dated Jun. 07, 2019. These shares are worth $931,684 and were traded at $0.99 each. The SEC filing shows that TERUEL JAVIER G performed a purchase of 135,135 shares. The Director added these shares by way of transaction on Aug. 22, 2017. The company’s shares were assimilated at $3.64 per share worth to an investment of some $491,891 to the account of TERUEL JAVIER G.

EVP, CFO, Davis Jeffrey A., purchased 50,000 common shares of J. C. Penney Company, Inc. (JCP) in the open market. In a transaction dated Aug. 22, 2017, the shares were bought at an average price of $3.62, giving away a sum of $181,000. After this purchase, 72,645 common shares of JCP are directly owned by the insider, with total stake valued at $57,390.

In the transaction dated Aug. 21, 2017, a great number of shares acquired came courtesy the Director; Brown Paul J added a total of 25,000 shares at an average price of $3.62, amounting to approximately $90,500. The insider now directly owns 68,123 shares worth $53,817.

J. C. Penney Company, Inc. (JCP) Analyst Guide

Several analysts have released their opinion on J. C. Penney Company, Inc. (NYSE:JCP), with 0 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 0 buy, 3 sell and 1 strong sell ratings, collectively assigning a 3.38 average brokerage recommendation [T1].