Share on StockTwits

Macy's (NYSE:M) shares reached a new 52-week high on Friday after Stifel Nicolaus raised their price target on the stock from $64.00 to $70.00, Analyst Ratings Net reports. Stifel Nicolaus currently has a buy rating on the stock. Macy's traded as high as $61.85 and last traded at $61.72, with a volume of 2,980,737 shares changing hands. The stock had previously closed at $60.70.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Macy's from $60.00 to $67.00 in a research note on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Macy's in a research note on Thursday, August 14th. They now have a $59.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Macy's to a “best ideas list” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Macy's currently has a consensus rating of “Buy” and a consensus price target of $63.79.

The stock has a 50-day moving average of $58.2 and a 200-day moving average of $57.57. The company has a market cap of $21.829 billion and a price-to-earnings ratio of 15.07.

Macy's (NYSE:M) last issued its earnings data on Wednesday, August 13th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.06. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.30 billion. Analysts expect that Macy's will post $4.45 EPS for the current fiscal year.

Macy’s, Inc (NYSE:M) is a retail organization operating stores and Internet Websites under two brands (Macy’s and Bloomingdale’s) that sell a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.

Receive News & Ratings for Macy's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.