Shares of Macy's Inc (NYSE:M) have earned an average recommendation of “Hold” from the twenty-four research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.07.
Several analysts recently weighed in on M shares. Zacks Investment Research upgraded Macy's from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, January 10th. BMO Capital Markets set a $38.00 price target on Macy's and gave the stock a “buy” rating in a research note on Friday, January 5th. OTR Global upgraded Macy's to a “sell” rating in a research note on Monday, December 18th. ValuEngine lowered Macy's from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Telsey Advisory Group upped their target price on Macy's from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Thursday, December 28th.
Macy's (NYSE M) traded up $0.36 during trading hours on Friday, hitting $24.52. The stock had a trading volume of 1,121,674 shares, compared to its average volume of 11,035,329. Macy's has a fifty-two week low of $17.41 and a fifty-two week high of $33.73. The company has a market capitalization of $7,148.17, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 1.29.
Macy's (NYSE:M) last released its earnings results on Thursday, November 9th. The company reported $0.23 earnings per share for the quarter, topping the 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 business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the company earned $0.17 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. analysts forecast that Macy's will post 3.63 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in shares of Macy's by 14.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,325,701 shares of the company’s stock worth $181,666,000 after buying an additional 1,076,502 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Macy's by 30.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,969,989 shares of the company’s stock worth $152,091,000 after buying an additional 1,646,858 shares during the period. Prudential Financial Inc. raised its stake in shares of Macy's by 75.3% during the 3rd quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock worth $109,392,000 after buying an additional 2,153,110 shares during the period. LSV Asset Management raised its stake in shares of Macy's by 3.8% during the 4th quarter. LSV Asset Management now owns 3,916,854 shares of the company’s stock worth $98,665,000 after buying an additional 144,600 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Macy's by 22.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,696,773 shares of the company’s stock worth $67,932,000 after buying an additional 497,496 shares during the period. 81.98% of the stock is owned by institutional investors.
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Macy's Company Profile
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.
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