Share on StockTwits

Shares of Macy's (NYSE:M) have received an average rating of “Buy” from the sixteen ratings firms that are currently covering the stock, American Banking reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $63.79.

Several analysts have recently commented on the stock. 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.

Macy's (NYSE:M) opened at 62.43 on Friday. Macy's has a 52-week low of $42.18 and a 52-week high of $63.10. The stock’s 50-day moving average is $59.24 and its 200-day moving average is $58.24. The company has a market cap of $22.069 billion and a P/E ratio of 15.50.

Macy's (NYSE:M) last posted its quarterly earnings results 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. On average, analysts predict that Macy's will post $4.42 earnings per share for the current fiscal year.

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

In other Macy's news, CFO Karen M. Hoguet sold 37,140 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $62.00, for a total value of $2,302,680.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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