Macy’s (NYSE:M) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They presently have a $27.26 price objective on the stock. Vetr‘s target price indicates a potential upside of 5.66% from the company’s current price.

Other analysts have also recently issued research reports about the company. UBS reiterated a “neutral” rating and set a $21.00 target price (down previously from $23.00) on shares of Macy’s in a research report on Monday, August 14th. Jefferies Group reiterated a “hold” rating and set a $21.00 target price (down previously from $24.00) on shares of Macy’s in a research report on Friday, August 11th. BMO Capital Markets set a $36.00 target price on Macy’s and gave the stock a “buy” rating in a research report on Friday, August 11th. Cowen reiterated a “hold” rating and set a $23.00 target price on shares of Macy’s in a research report on Thursday, September 28th. Finally, Credit Suisse Group cut their target price on Macy’s from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.41.

Macy’s (NYSE M) traded up $1.61 on Monday, hitting $25.80. The stock had a trading volume of 27,010,269 shares, compared to its average volume of 10,158,625. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. Macy’s has a twelve month low of $17.41 and a twelve month high of $43.79. The firm has a market capitalization of $7,860.00, a PE ratio of 8.14, a P/E/G ratio of 0.84 and a beta of 0.97.

Macy’s (NYSE:M) last posted its earnings results on Thursday, November 9th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. Macy’s had a return on equity of 21.20% and a net margin of 2.83%. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. equities research analysts forecast that Macy’s will post 3.39 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Macy’s by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,623 shares of the company’s stock valued at $526,000 after acquiring an additional 65 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Macy’s by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock valued at $439,000 after purchasing an additional 200 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in Macy’s by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 23,637 shares of the company’s stock valued at $549,000 after purchasing an additional 245 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in Macy’s by 0.3% in the 2nd quarter. State of Tennessee Treasury Department now owns 83,286 shares of the company’s stock valued at $1,936,000 after purchasing an additional 289 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in Macy’s by 2.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,568 shares of the company’s stock valued at $269,000 after purchasing an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 82.27% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Macy`s (NYSE:M)

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