Macy's (NYSE:M) has been given a $26.00 price target by equities research analysts at Royal Bank of Canada in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 3.74% from the company’s previous close.
A number of other research firms have also issued reports on M. Telsey Advisory Group increased their target price on Macy's from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, December 28th. OTR Global upgraded Macy's to a “sell” rating in a report on Monday, December 18th. BMO Capital Markets set a $38.00 price objective on Macy's and gave the stock a “buy” rating in a report on Friday, January 5th. Canaccord Genuity reiterated a “buy” rating and set a $9.50 price objective on shares of Macy's in a report on Thursday, November 16th. Finally, Vetr upgraded Macy's from a “buy” rating to a “strong-buy” rating and set a $27.57 price objective for the company in a report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.27.
Macy's (NYSE:M) traded up $0.41 on Friday, hitting $27.01. The stock had a trading volume of 5,615,214 shares, compared to its average volume of 12,550,000. The stock has a market capitalization of $8,230.00, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.85 and a beta of 0.97. Macy's has a one year low of $17.41 and a one year high of $34.37. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC grew its position in shares of Macy's by 1.0% in the second 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 during the last quarter. Thrivent Financial For Lutherans grew its position in shares of Macy's by 2.9% in the second 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 during the last quarter. Moors & Cabot Inc. grew its position in shares of Macy's by 1.8% in the second quarter. Moors & Cabot Inc. now owns 26,675 shares of the company’s stock valued at $623,000 after purchasing an additional 469 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Macy's by 3.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,924 shares of the company’s stock valued at $486,000 after purchasing an additional 701 shares during the last quarter. Finally, MML Investors Services LLC grew its position in shares of Macy's by 3.2% in the second quarter. MML Investors Services LLC now owns 36,594 shares of the company’s stock valued at $850,000 after purchasing an additional 1,132 shares during the last quarter. Institutional investors own 82.07% 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.
