Macy’s (NYSE:M) received a $25.00 price target from stock analysts at UBS Group in a report issued on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the stock. UBS Group’s target price would suggest a potential upside of 14.84% from the company’s current price.
M has been the topic of a number of other research reports. TheStreet downgraded Macy’s from a “b-” rating to a “c+” rating in a report on Tuesday, February 5th. Desjardins reissued an “average” rating and issued a $5.25 price target on shares of Macy’s in a research note on Friday, March 22nd. ValuEngine cut Macy’s from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Deutsche Bank boosted their price target on Macy’s from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research cut Macy’s from a “hold” rating to a “strong sell” rating in a research note on Friday, March 1st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Macy’s currently has a consensus rating of “Hold” and an average price target of $28.10.
Shares of M traded up $0.27 during trading hours on Friday, reaching $21.77. The company’s stock had a trading volume of 11,197,889 shares, compared to its average volume of 9,703,382. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 5.21, a P/E/G ratio of 0.82 and a beta of 0.41. Macy’s has a 1-year low of $21.08 and a 1-year high of $41.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.42 and a quick ratio of 0.42.
Macy’s (NYSE:M) last issued its earnings results on Wednesday, May 15th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.52 billion. Macy’s had a return on equity of 20.66% and a net margin of 4.43%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Equities research analysts expect that Macy’s will post 3.1 earnings per share for the current fiscal year.
In other Macy’s news, Director Joyce M. Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $24.30, for a total transaction of $243,000.00. Following the completion of the sale, the director now owns 13,647 shares of the company’s stock, valued at $331,622.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deirdre P. Connelly sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $25.76, for a total value of $161,000.00. Following the sale, the director now directly owns 17,092 shares of the company’s stock, valued at approximately $440,289.92. The disclosure for this sale can be found here. In the last three months, insiders sold 16,921 shares of company stock valued at $421,238. 0.55% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc boosted its position in shares of Macy’s by 6.5% in the third quarter. Vanguard Group Inc now owns 35,205,128 shares of the company’s stock valued at $1,222,675,000 after acquiring an additional 2,133,597 shares during the period. BlackRock Inc. boosted its position in shares of Macy’s by 0.4% in the first quarter. BlackRock Inc. now owns 30,073,924 shares of the company’s stock valued at $722,677,000 after acquiring an additional 121,302 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Macy’s by 23.0% in the first quarter. Dimensional Fund Advisors LP now owns 8,559,577 shares of the company’s stock valued at $205,696,000 after acquiring an additional 1,599,445 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Macy’s by 2,958.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,681,203 shares of the company’s stock valued at $224,000 after acquiring an additional 6,462,771 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Macy’s by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 5,150,836 shares of the company’s stock valued at $153,359,000 after acquiring an additional 355,028 shares during the period. 90.18% of the stock is owned by hedge funds and other institutional investors.
Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.
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