Macy’s, Inc. (NYSE:M) Receives $18.56 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of Macy’s, Inc. (NYSE:M – Get Free Report) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $18.56.

M has been the topic of a number of research reports. Guggenheim reissued a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. UBS Group lowered their target price on Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Telsey Advisory Group restated a “market perform” rating and set a $17.00 price target on shares of Macy’s in a research note on Wednesday, December 11th. Argus upgraded shares of Macy’s to a “hold” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley dropped their price objective on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 12th.

Check Out Our Latest Report on M

Macy’s Trading Down 0.2 %

NYSE:M opened at $16.37 on Friday. The company has a market capitalization of $4.54 billion, a PE ratio of 27.75 and a beta of 2.07. Macy’s has a 52-week low of $14.06 and a 52-week high of $22.10. The stock’s 50 day moving average price is $16.15 and its 200 day moving average price is $16.23. The company has a quick ratio of 0.34, a current ratio of 1.26 and a debt-to-equity ratio of 0.67.

Macy’s (NYSE:M – Get Free Report) last announced its earnings results on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. On average, research analysts anticipate that Macy’s will post 2.4 EPS for the current year.

Macy’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.1737 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, December 13th. Macy’s’s dividend payout ratio (DPR) is 116.95%.

Institutional Investors Weigh In On Macy’s

Several institutional investors have recently modified their holdings of the company. Quest Partners LLC purchased a new stake in Macy’s during the third quarter worth $35,000. Venturi Wealth Management LLC raised its position in shares of Macy’s by 282.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock worth $36,000 after purchasing an additional 1,685 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Macy’s in the third quarter worth $39,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Macy’s in the second quarter valued at $57,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Macy’s during the second quarter valued at $62,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

About Macy’s

(Get Free Report

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.

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