Macy’s, Inc. (NYSE:M) Given Average Rating of “Reduce” by Analysts

Shares of Macy’s, Inc. (NYSE:MGet Free Report) have been assigned a consensus rating of “Reduce” from the nine brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.45.

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Macy’s from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Telsey Advisory Group increased their target price on Macy’s from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, November 17th. Evercore ISI initiated coverage on Macy’s in a research report on Tuesday, November 7th. They set an “inline” rating and a $13.00 price objective for the company. Finally, Citigroup raised Macy’s from a “sell” rating to a “neutral” rating and raised their price objective for the company from $14.00 to $18.00 in a research note on Friday, February 2nd.

Read Our Latest Research Report on M

Insider Activity at Macy’s

In other news, CFO Adrian V. Mitchell sold 57,214 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $14.63, for a total transaction of $837,040.82. Following the sale, the chief financial officer now directly owns 78,386 shares of the company’s stock, valued at approximately $1,146,787.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Macy’s

Several institutional investors have recently modified their holdings of the business. Glassman Wealth Services increased its stake in Macy’s by 154.5% in the fourth quarter. Glassman Wealth Services now owns 1,224 shares of the company’s stock valued at $25,000 after purchasing an additional 743 shares during the period. Lindbrook Capital LLC increased its stake in shares of Macy’s by 253.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,317 shares of the company’s stock worth $26,000 after acquiring an additional 944 shares during the period. FinTrust Capital Advisors LLC acquired a new position in shares of Macy’s during the fourth quarter worth about $26,000. CWM LLC increased its stake in shares of Macy’s by 53.8% during the second quarter. CWM LLC now owns 1,952 shares of the company’s stock worth $31,000 after acquiring an additional 683 shares during the period. Finally, Quarry LP acquired a new position in Macy’s during the first quarter worth about $33,000. Institutional investors and hedge funds own 82.69% of the company’s stock.

Macy’s Stock Up 2.6 %

Shares of NYSE:M opened at $19.57 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.17 and a debt-to-equity ratio of 0.72. Macy’s has a 12-month low of $10.54 and a 12-month high of $23.19. The company has a fifty day simple moving average of $18.93 and a 200 day simple moving average of $15.00. The firm has a market cap of $5.36 billion, a PE ratio of 7.96 and a beta of 2.16.

Macy’s (NYSE:MGet Free Report) last posted its quarterly earnings data on Thursday, November 16th. The company reported $0.21 earnings per share for the quarter. Macy’s had a net margin of 2.92% and a return on equity of 19.53%. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Macy’s will post 3.06 EPS for the current fiscal year.

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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