Macy’s (M) Earns Media Impact Rating of 0.09

News headlines about Macy’s (NYSE:M) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macy’s earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.8323211507085 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s rankings:

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M has been the topic of several recent research reports. Telsey Advisory Group increased their target price on shares of Macy’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Thursday, December 28th. OTR Global upgraded shares of Macy’s to a “sell” rating in a report on Monday, December 18th. Gordon Haskett upgraded shares of Macy’s from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Thursday, March 1st. BMO Capital Markets set a $38.00 target price on shares of Macy’s and gave the stock a “buy” rating in a report on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of Macy’s from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.60.

Shares of NYSE:M traded up $0.15 during trading on Tuesday, reaching $29.30. The stock had a trading volume of 7,120,909 shares, compared to its average volume of 10,810,126. Macy’s has a one year low of $17.41 and a one year high of $31.04. The stock has a market capitalization of $9,083.04, a P/E ratio of 7.77, a P/E/G ratio of 0.97 and a beta of 0.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.45 and a current ratio of 1.47.

Macy’s (NYSE:M) last released its quarterly earnings results on Tuesday, February 27th. The company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.11. Macy’s had a net margin of 6.23% and a return on equity of 24.93%. The business had revenue of $8.67 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same period last year, the business earned $2.02 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. research analysts forecast that Macy’s will post 3.63 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Wednesday, March 14th. Macy’s’s dividend payout ratio (DPR) is presently 40.05%.

In related news, Director Marna C. Whittington sold 20,000 shares of Macy’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $30.30, for a total value of $606,000.00. Following the completion of the sale, the director now directly owns 54,834 shares in the company, valued at approximately $1,661,470.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deirdre P. Connelly sold 9,092 shares of Macy’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $29.25, for a total transaction of $265,941.00. Following the completion of the sale, the director now owns 16,184 shares of the company’s stock, valued at $473,382. The disclosure for this sale can be found here. Insiders sold a total of 107,392 shares of company stock valued at $3,173,164 over the last quarter. 1.40% of the stock is owned by company insiders.

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Macy’s Company Profile

Macy's, Inc, together with its subsidiaries, operates stores, Websites, and mobile applications. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.

Insider Buying and Selling by Quarter for Macy`s (NYSE:M)

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