StockNews.com Upgrades Macy’s (NYSE:M) to Buy

Macy’s (NYSE:M) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other research analysts have also issued reports on the stock. Morgan Stanley dropped their price target on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, December 12th. Telsey Advisory Group restated a “market perform” rating and set a $17.00 target price on shares of Macy’s in a research report on Tuesday, January 14th. Gordon Haskett cut Macy’s from a “buy” rating to an “accumulate” rating in a research report on Thursday. Guggenheim reissued a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. Finally, Benchmark raised shares of Macy’s to a “strong-buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.75.

Macy’s Stock Down 0.5 %

Shares of M opened at $15.04 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. The company has a 50-day simple moving average of $15.69 and a 200-day simple moving average of $15.65. Macy’s has a 52 week low of $13.66 and a 52 week high of $22.10. The firm has a market capitalization of $4.17 billion, a P/E ratio of 25.48 and a beta of 2.05.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Macy’s’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. On average, equities research analysts expect that Macy’s will post 2.39 earnings per share for the current year.

Institutional Trading of Macy’s

A number of institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its position in shares of Macy’s by 33.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,161 shares of the company’s stock valued at $240,000 after buying an additional 3,579 shares in the last quarter. Northern Trust Corp boosted its stake in Macy’s by 33.8% in the fourth quarter. Northern Trust Corp now owns 2,707,349 shares of the company’s stock valued at $45,835,000 after buying an additional 684,602 shares in the last quarter. Barington Capital Group L.P. raised its stake in Macy’s by 84.6% during the fourth quarter. Barington Capital Group L.P. now owns 1,200,000 shares of the company’s stock worth $20,316,000 after acquiring an additional 550,000 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Macy’s during the fourth quarter worth about $8,760,000. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Macy’s by 4.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,442 shares of the company’s stock valued at $261,000 after purchasing an additional 717 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.