Share on StockTwits

Macy's (NYSE:M) CFO Karen M. Hoguet unloaded 37,140 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $62.00, for a total transaction of $2,302,680.00. Following the completion of the sale, the chief financial officer now directly owns 188,556 shares of the company’s stock, valued at approximately $11,690,472. The transaction was disclosed in a document filed with the SEC, which is available at this link.

A number of research firms have recently commented on M. Analysts at Stifel Nicolaus raised their price target on shares of Macy's from $64.00 to $70.00 in a research note on Friday, August 22nd. They now have a “buy” rating on the stock. Separately, 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, August 21st. Finally, 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.79.

Shares of Macy's (NYSE:M) traded down 0.35% during mid-day trading on Thursday, hitting $62.36. The stock had a trading volume of 3,100,856 shares. Macy's has a 1-year low of $42.18 and a 1-year high of $63.10. The stock’s 50-day moving average is $58.63 and its 200-day moving average is $57.9. The company has a market cap of $22.044 billion and a P/E ratio of 15.53.

Macy's (NYSE:M) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ 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 $4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 11th.

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.