Macy's (NYSE:M) Given a $38.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $38.00 price target on Macy's (NYSE:M) in a report published on Friday, January 5th. The firm currently has a buy rating on the stock.

Several other research firms have also issued reports on M. Vetr lowered shares of Macy's from a strong-buy rating to a buy rating and set a $28.05 target price on the stock. in a report on Tuesday, December 19th. Telsey Advisory Group boosted their target price on shares of Macy's from $25.00 to $28.00 and gave the company a market perform rating in a report on Thursday, December 28th. ValuEngine lowered shares of Macy's from a buy rating to a hold rating in a report on Sunday, December 31st. Guggenheim restated a buy rating and issued a $27.00 target price on shares of Macy's in a report on Friday, December 15th. Finally, OTR Global raised shares of Macy's to a sell rating in a research note on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $26.27.

Macy's (M) opened at $27.36 on Friday. The company has a market cap of $8,330.00, a price-to-earnings ratio of 12.05, a PEG ratio of 0.87 and a beta of 0.97. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 1.29. Macy's has a fifty-two week low of $17.41 and a fifty-two week high of $34.37.

Macy's (NYSE:M) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company 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%. Macy's’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. research analysts forecast that Macy's will post 3.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 5.52%. The ex-dividend date was Thursday, December 14th. Macy's’s payout ratio is presently 66.52%.

Several large investors have recently bought and sold shares of the company. Voya Investment Management LLC boosted its holdings in Macy's by 163.1% during the second quarter. Voya Investment Management LLC now owns 451,225 shares of the company’s stock worth $10,487,000 after purchasing an additional 279,720 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in Macy's by 57.8% during the third quarter. Douglas Lane & Associates LLC now owns 2,243,096 shares of the company’s stock worth $48,944,000 after purchasing an additional 821,366 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Macy's by 75.3% during the third quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock worth $109,392,000 after purchasing an additional 2,153,110 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Macy's by 27.8% during the second quarter. Commonwealth Bank of Australia now owns 140,199 shares of the company’s stock worth $3,257,000 after purchasing an additional 30,500 shares during the last quarter. Finally, Benchmark Capital Advisors purchased a new position in Macy's during the third quarter worth about $1,335,000. 82.37% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Macy's (NYSE:M)

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