As Home Depot (HD) Stock Value Declined, Holder Hillsdale Investment Management Has Decreased Its Holding; Pomelo Capital Lowered Its Penney J C (Call) (JCP) Position by $1.64 Million as Share Price Declined

April 24, 2018 - By Vivian Park

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

Philip Rosenstrach decreased its stake in Penney J C Inc (Call) (JCP) by 75.17% based on its latest 2017Q4 regulatory filing with the SEC. Pomelo Capital Llc sold 545,000 shares as the company’s stock declined 7.64% with the market. The hedge fund run by Philip Rosenstrach held 180,000 shares of the consumer services company at the end of 2017Q4, valued at $686,000, down from 725,000 at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Penney J C Inc (Call) for a number of months, seems to be less bullish one the $934.73M market cap company. The stock increased 2.38% or $0.07 during the last trading session, reaching $2.98. About 6.55M shares traded. J. C. Penney Company, Inc. (NYSE:JCP) has declined 48.12% since April 24, 2017 and is downtrending. It has underperformed by 59.67% the S&P500.

Hillsdale Investment Management Inc decreased its stake in Home Depot Inc (HD) by 98.06% based on its latest 2017Q4 regulatory filing with the SEC. Hillsdale Investment Management Inc sold 2,530 shares as the company’s stock declined 7.15% with the market. The institutional investor held 50 shares of the consumer services company at the end of 2017Q4, valued at $9,000, down from 2,580 at the end of the previous reported quarter. Hillsdale Investment Management Inc who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $203.43 billion market cap company. The stock decreased 0.67% or $1.1844 during the last trading session, reaching $176.4756. About 2.38 million shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since April 24, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Since December 7, 2017, it had 2 insider buys, and 5 selling transactions for $36.57 million activity. Shares for $3.00 million were bought by BRENNEMAN GREGORY D. Roseborough Teresa Wynn sold $1.97M worth of stock. CODINA ARMANDO M had bought 6,650 shares worth $1.19 million. Carey Matt sold $7.58 million worth of The Home Depot, Inc. (NYSE:HD) on Friday, December 8. On Thursday, February 22 Campbell Ann Marie sold $7.02M worth of The Home Depot, Inc. (NYSE:HD) or 37,680 shares. Another trade for 113,687 shares valued at $20.89 million was made by Menear Craig A on Wednesday, February 21.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.21, from 1.14 in 2017Q3. It fall, as 51 investors sold HD shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Td Capital Ltd Co accumulated 0.01% or 162 shares. Wasatch reported 0.02% stake. First Interstate Savings Bank holds 0.14% or 3,510 shares. Schaper Benz & Wise Inv Counsel Wi reported 75,891 shares. Cambridge Trust has 98,530 shares for 1.18% of their portfolio. Polaris Greystone Fincl Llc invested in 0.05% or 3,346 shares. Univest Of Pennsylvania invested 2.14% in The Home Depot, Inc. (NYSE:HD). 1St Source Financial Bank reported 0.74% of its portfolio in The Home Depot, Inc. (NYSE:HD). Solutions Limited Com reported 1 shares. Moreover, Maryland Cap Management has 0.43% invested in The Home Depot, Inc. (NYSE:HD). Amarillo Bankshares reported 1,336 shares stake. Natl Pension Serv invested in 1.00M shares. Tiaa Cref Investment Ltd Liability Corp invested in 1% or 7.98M shares. Dorsey And Whitney Trust Limited Liability Co holds 1.9% or 54,225 shares in its portfolio. Brighton Jones Lc has invested 0.32% in The Home Depot, Inc. (NYSE:HD).

Among 34 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. The Home Depot Inc. had 116 analyst reports since August 19, 2015 according to SRatingsIntel. The company was maintained on Wednesday, March 21 by Morgan Stanley. Argus Research maintained it with “Buy” rating and $190 target in Wednesday, November 15 report. The firm earned “Outperform” rating on Wednesday, February 22 by RBC Capital Markets. The company was maintained on Friday, June 16 by RBC Capital Markets. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 17 report. Robert W. Baird maintained the shares of HD in report on Thursday, November 30 with “Buy” rating. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, September 13. The company was maintained on Wednesday, November 8 by Bank of America. RBC Capital Markets maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, November 18 with “Outperform” rating. Robert W. Baird maintained the stock with “Buy” rating in Friday, October 13 report.

Hillsdale Investment Management Inc, which manages about $1.05 billion and $619.74M US Long portfolio, upped its stake in Resolute Fst Prods Inc (NYSE:RFP) by 120,948 shares to 141,148 shares, valued at $1.56 million in 2017Q4, according to the filing. It also increased its holding in Transcanada Corp (NYSE:TRP) by 11,295 shares in the quarter, for a total of 194,095 shares, and has risen its stake in Methanex Corp Com (NASDAQ:MEOH).

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on May, 15. They expect $2.08 earnings per share, up 24.55% or $0.41 from last year’s $1.67 per share. HD’s profit will be $2.40 billion for 21.21 P/E if the $2.08 EPS becomes a reality. After $1.69 actual earnings per share reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Pomelo Capital Llc, which manages about $366.34M and $3.37 billion US Long portfolio, upped its stake in Constellation Brands Inc (Put) (NYSE:STZ) by 160,600 shares to 203,900 shares, valued at $40.67 million in 2017Q4, according to the filing. It also increased its holding in Community Health Sys Inc New (Put) (NYSE:CYH) by 726,600 shares in the quarter, for a total of 736,600 shares, and has risen its stake in Brookdale Sr Living Inc (Put) (NYSE:BKD).

Investors sentiment decreased to 0.82 in 2017 Q4. Its down 0.37, from 1.19 in 2017Q3. It worsened, as 47 investors sold JCP shares while 68 reduced holdings. 39 funds opened positions while 55 raised stakes. 209.82 million shares or 5.58% less from 222.21 million shares in 2017Q3 were reported. Stevens Capital Mgmt Limited Partnership holds 0% or 20,475 shares. Ameriprise Financial Incorporated stated it has 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). City Comm reported 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). First Dallas Securities has 0.67% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 335,250 shares. 3,000 were accumulated by Wealthtrust. 65 are owned by Cordasco Ntwk. Hsbc Hldgs Public Ltd Com has invested 0% in J. C. Penney Company, Inc. (NYSE:JCP). Engineers Gate Manager LP invested in 113,087 shares. Lpl Fincl Ltd accumulated 65,629 shares or 0% of the stock. Wedge L Limited Partnership Nc stated it has 147,263 shares or 0% of all its holdings. Huntington Savings Bank invested in 0% or 1,638 shares. Paloma Prns Mngmt Com has invested 0.01% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). 4.08M are owned by Melvin Cap Mgmt Ltd Partnership. Aqr Cap Mgmt reported 99,773 shares. Quantitative Inv Mgmt Limited Liability Co invested in 1.83M shares.

Analysts await J. C. Penney Company, Inc. (NYSE:JCP) to report earnings on May, 11. They expect $-0.22 earnings per share, down 466.67% or $0.28 from last year’s $0.06 per share. After $0.57 actual earnings per share reported by J. C. Penney Company, Inc. for the previous quarter, Wall Street now forecasts -138.60% negative EPS growth.

Among 29 analysts covering J.C. Penney Company (NYSE:JCP), 3 have Buy rating, 5 Sell and 21 Hold. Therefore 10% are positive. J.C. Penney Company had 85 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, May 6 by JP Morgan. The company was maintained on Sunday, August 16 by Deutsche Bank. BMO Capital Markets maintained J. C. Penney Company, Inc. (NYSE:JCP) on Monday, November 13 with “Hold” rating. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, January 10. Jefferies maintained the stock with “Hold” rating in Friday, April 7 report. Guggenheim initiated the shares of JCP in report on Friday, September 30 with “Neutral” rating. The stock has “Hold” rating by Deutsche Bank on Tuesday, August 8. The firm has “Hold” rating by Robert W. Baird given on Thursday, August 31. Morgan Stanley upgraded the shares of JCP in report on Monday, February 13 to “Equal-Weight” rating. Nomura upgraded J. C. Penney Company, Inc. (NYSE:JCP) on Thursday, December 10 to “Neutral” rating.

J. C. Penney Company, Inc. (NYSE:JCP) Institutional Positions Chart

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