Several other research analysts also recently commented on M. UBS AG reiterated a neutral rating and issued a $21.00 target price (down previously from $23.00) on shares of Macy’s in a report on Monday, August 14th. BidaskClub upgraded shares of Macy’s from a sell rating to a hold rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a hold rating and issued a $21.00 target price (down previously from $24.00) on shares of Macy’s in a report on Friday, August 11th. Wedbush reiterated a hold rating on shares of Macy’s in a report on Monday, July 31st. Finally, BMO Capital Markets set a $36.00 target price on shares of Macy’s and gave the stock a buy rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Macy’s currently has a consensus rating of Hold and a consensus target price of $25.37.
Macy’s (NYSE:M) traded down $0.05 during trading on Thursday, hitting $20.30. 2,084,125 shares of the stock were exchanged, compared to its average volume of 9,824,724. The company has a market cap of $6,200.00, a P/E ratio of 6.85, a P/E/G ratio of 0.71 and a beta of 0.86. The company has a quick ratio of 0.19, a current ratio of 1.29 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.
Macy’s (NYSE:M) last released its quarterly earnings results 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. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.31 billion. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. Macy’s’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. equities research analysts anticipate that Macy’s will post 3.39 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.51 annualized dividend and a dividend yield of 7.44%. Macy’s’s dividend payout ratio (DPR) is currently 66.52%.
In other Macy’s news, Director John A. Bryant bought 9,825 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the transaction, the director now owns 9,825 shares in the company, valued at $199,644. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in M. Thrivent Financial For Lutherans lifted its holdings in Macy’s by 5.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,238 shares of the company’s stock valued at $333,000 after purchasing an additional 610 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in Macy’s by 506.1% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 49,413 shares of the company’s stock valued at $1,148,000 after purchasing an additional 41,260 shares during the last quarter. James Investment Research Inc. lifted its holdings in Macy’s by 8,795.7% during the 2nd quarter. James Investment Research Inc. now owns 62,270 shares of the company’s stock valued at $1,447,000 after purchasing an additional 61,570 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Macy’s by 19.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 154,806 shares of the company’s stock valued at $3,598,000 after purchasing an additional 25,200 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in Macy’s by 27.0% during the 2nd quarter. LS Investment Advisors LLC now owns 20,709 shares of the company’s stock valued at $481,000 after purchasing an additional 4,397 shares during the last quarter. 83.82% of the stock is owned by hedge funds and other institutional investors.
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.
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