Macy’s Inc (NYSE:M) has been given a $35.00 price objective by equities researchers at BMO Capital Markets in a research note issued on Sunday. The firm currently has a “buy” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 75.18% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Vetr lowered Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 price objective for the company. in a research report on Thursday, July 27th. ValuEngine upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Susquehanna Bancshares Inc set a $38.00 target price on Macy’s and gave the company a “buy” rating in a research note on Friday, October 20th. BidaskClub raised Macy’s from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Wedbush reaffirmed a “hold” rating on shares of Macy’s in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Macy’s has an average rating of “Hold” and a consensus price target of $26.25.

Macy’s (NYSE:M) traded up $0.48 on Friday, hitting $19.98. The company had a trading volume of 28,654,500 shares, compared to its average volume of 9,716,253. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.49. Macy’s has a fifty-two week low of $17.41 and a fifty-two week high of $45.41. The firm has a market capitalization of $5,740.00, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.69 and a beta of 0.86.

Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Macy’s had a return on equity of 21.20% and a net margin of 2.83%. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter last year, the firm earned $0.17 EPS. Macy’s’s quarterly revenue was down 6.1% on a year-over-year basis. research analysts forecast that Macy’s will post 3.39 earnings per share for the current fiscal year.

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In related news, Director John A. Bryant acquired 9,825 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the transaction, the director now directly owns 9,825 shares of the company’s stock, valued at approximately $199,644. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubic Asset Management LLC bought a new stake in shares of Macy’s in the fourth quarter worth $2,111,000. Smith Graham & Co. Investment Advisors LP lifted its holdings in Macy’s by 28.9% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 74,670 shares of the company’s stock valued at $2,612,000 after buying an additional 16,730 shares during the period. Douglas C. Lane & Associates Inc. lifted its holdings in Macy’s by 177.4% in the fourth quarter. Douglas C. Lane & Associates Inc. now owns 853,889 shares of the company’s stock valued at $29,869,000 after buying an additional 546,112 shares during the period. Congress Asset Management Co. MA acquired a new position in Macy’s in the fourth quarter valued at $3,765,000. Finally, TIAA CREF Trust Co. FSB MO lifted its holdings in Macy’s by 30.5% in the fourth quarter. TIAA CREF Trust Co. FSB MO now owns 33,264 shares of the company’s stock valued at $1,163,000 after buying an additional 7,779 shares during the period. Institutional investors and hedge funds own 83.17% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

Analyst Recommendations for Macy`s (NYSE:M)

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