Macy's (NYSE:M) had its price objective upped by investment analysts at Telsey Advisory Group from $25.00 to $28.00 in a report issued on Thursday. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 9.20% from the company’s current price.
Other research analysts have also issued reports about the stock. Vetr lowered shares of Macy's from a “strong-buy” rating to a “buy” rating and set a $28.05 target price on the stock. in a research report on Tuesday, December 19th. OTR Global upgraded shares of Macy's to a “sell” rating in a research report on Monday, December 18th. Guggenheim restated a “buy” rating and set a $27.00 target price on shares of Macy's in a research report on Friday, December 15th. Canaccord Genuity restated a “buy” rating and set a $9.50 target price on shares of Macy's in a research report on Thursday, November 16th. Finally, BMO Capital Markets set a $35.00 target price on shares of Macy's and gave the stock a “buy” rating in a research report on Sunday, November 12th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Macy's currently has an average rating of “Hold” and an average target price of $25.66.
Shares of Macy's (NYSE:M) opened at $25.64 on Thursday. Macy's has a 1-year low of $17.41 and a 1-year high of $36.93. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 1.49. The company has a market cap of $7,818.22, a PE ratio of 11.30, a PEG ratio of 0.89 and a beta of 0.97.
A number of large investors have recently bought and sold shares of M. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Macy's by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,623 shares of the company’s stock worth $526,000 after buying an additional 65 shares during the period. Sentry Investment Management LLC increased its stake in Macy's by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 23,637 shares of the company’s stock worth $549,000 after buying an additional 245 shares during the period. State of Tennessee Treasury Department increased its stake in Macy's by 0.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 83,286 shares of the company’s stock worth $1,936,000 after buying an additional 289 shares during the period. Thrivent Financial For Lutherans increased its stake in Macy's by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,568 shares of the company’s stock worth $269,000 after buying an additional 330 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. purchased a new stake in Macy's during the 2nd quarter worth $335,000. 82.04% of the stock is currently owned by institutional investors.
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About Macy's
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.
