A number of other research firms have also issued reports on M. Royal Bank Of Canada set a $23.00 target price on shares of Macy’s and gave the stock a hold rating in a report on Friday, August 11th. BidaskClub raised shares of Macy’s from a sell rating to a hold rating in a research report on Wednesday, July 19th. UBS AG reissued a neutral rating and issued a $21.00 price objective (down from $23.00) on shares of Macy’s in a research report on Monday, August 14th. ValuEngine downgraded shares of Macy’s from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Macy’s from a hold rating to a sell rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $26.25.
Macy’s (NYSE:M) opened at $19.98 on Friday. 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. The company has a market cap of $6,090.00, a P/E ratio of 6.51, a PEG ratio of 0.67 and a beta of 0.86.
Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.31 billion. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. research analysts anticipate that Macy’s will post 3.39 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by BBNS and is owned by of BBNS. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://baseballnewssource.com/markets/bmo-capital-markets-analysts-give-macys-inc-m-a-35-00-price-target/1779373.html.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Thursday, December 14th. Macy’s’s dividend payout ratio (DPR) is 66.52%.
In related news, Director John A. Bryant acquired 9,825 shares of Macy’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average price of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the purchase, the director now directly owns 9,825 shares of the company’s stock, valued at $199,644. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Neuberger Berman Group LLC grew its holdings in shares of Macy’s by 25.8% during the third quarter. Neuberger Berman Group LLC now owns 1,167,671 shares of the company’s stock worth $25,479,000 after buying an additional 239,320 shares in the last quarter. PVG Asset Management Corp grew its holdings in shares of Macy’s by 20.4% during the third quarter. PVG Asset Management Corp now owns 264,718 shares of the company’s stock worth $5,776,000 after buying an additional 44,765 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Macy’s by 14.2% during the third quarter. California Public Employees Retirement System now owns 898,504 shares of the company’s stock worth $19,605,000 after buying an additional 111,804 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Macy’s by 28.8% during the third quarter. Janney Montgomery Scott LLC now owns 34,051 shares of the company’s stock worth $743,000 after buying an additional 7,617 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Macy’s by 221.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,352 shares of the company’s stock worth $291,000 after buying an additional 9,202 shares in the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.
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.
Receive News & Ratings for Macy's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's Inc and related companies with our FREE daily email newsletter.