NEW YORK (

TheStreet

) --

J.C. Penney Company

(NYSE:

JCP

) hit a new 52-week high Tuesday as it is currently trading at $38.83, above its previous 52-week high of $38.75 with 576,314 shares traded as of 10:37 a.m. ET. Average volume has been 4.1 million shares over the past 30 days.

J.C. Penney has a market cap of $8.6 billion and is part of the

services

sector and

retail

industry. Shares are up 14.6% year to date as of the close of trading on Monday.

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J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates a network of department stores in the United States and Puerto Rico. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. The company has a P/E ratio of 23.5, above the average retail industry P/E ratio of 22.9 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates J.C. Penney as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

J.C. Penney Ratings Report

.

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