Vetr upgraded shares of Macy's (NYSE:M) from a buy rating to a strong-buy rating in a report issued on Monday, December 18th. Vetr currently has $27.57 target price on the stock.
M has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a buy rating and issued a $36.00 target price on shares of Macy's in a research report on Thursday, November 2nd. Zacks Investment Research downgraded Macy's from a hold rating to a sell rating in a research report on Wednesday, October 11th. Citigroup downgraded Macy's from a neutral rating to a sell rating and lowered their target price for the company from $21.00 to $16.00 in a research report on Monday, October 30th. ValuEngine downgraded Macy's from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Royal Bank of Canada reaffirmed a hold rating and issued a $23.00 target price on shares of Macy's in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $26.02.
Macy's (NYSE M) traded up $0.70 on Monday, hitting $26.30. The company’s stock had a trading volume of 8,820,000 shares, compared to its average volume of 14,720,000. Macy's has a 1 year low of $17.41 and a 1 year high of $34.37. The firm has a market cap of $8,010.00, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19.
Macy's (NYSE:M) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Macy's had a return on equity of 21.20% and a net margin of 2.83%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the business posted $0.17 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. research analysts expect that Macy's will post 3.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Thursday, December 14th. Macy's’s dividend payout ratio (DPR) is presently 66.52%.
Large investors have recently modified their holdings of the company. Ffcm LLC boosted its holdings in shares of Macy's by 251.6% during the second quarter. Ffcm LLC now owns 5,052 shares of the company’s stock worth $120,000 after acquiring an additional 3,615 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Macy's by 51.1% during the second quarter. Penserra Capital Management LLC now owns 5,560 shares of the company’s stock worth $129,000 after acquiring an additional 1,880 shares during the period. Kistler Tiffany Companies LLC bought a new stake in shares of Macy's in the third quarter valued at approximately $148,000. IFP Advisors Inc boosted its stake in shares of Macy's by 62.9% in the third quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after buying an additional 3,083 shares during the period. Finally, IFM Investors Pty Ltd bought a new stake in shares of Macy's in the third quarter valued at approximately $200,000. Institutional investors own 82.04% of the company’s stock.
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Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.
To view Vetr’s full report, visit Vetr’s official website.
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