Shares of Macy’s, Inc. (NYSE: M – Get Rating) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $ 31.83.
Several brokerages have issued reports on M. Jefferies Financial Group cut their target price on Macy’s from $ 45.00 to $ 40.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Macy’s from $ 34.00 to $ 29.00 in a research note on Friday, May 27th. StockNews.com assumed coverage on Macy’s in a research note on Thursday, March 31st. They set a “buy” rating for the company. OTR Global lowered Macy’s to a “positive” rating in a research note on Wednesday, May 11th. Finally, TheStreet lowered Macy’s from a “b-” rating to a “c” rating in a research note on Thursday, May 26th.
Shares of NYSE M opened at $ 19.54 on Thursday. Macy’s has a 12 month low of $ 15.68 and a 12 month high of $ 37.95. The company has a current ratio of 1.12, a quick ratio of 0.23 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $ 5.27 billion, a price-to-earnings ratio of 3.71, a PEG ratio of 0.36 and a beta of 1.77. The business has a 50-day moving average of $ 22.71 and a 200-day moving average of $ 24.58.
Macy’s (NYSE: M – Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The company reported $ 1.08 EPS for the quarter, topping the consensus estimate of $ 0.82 by $ 0.26. Macy’s had a return on equity of 56.91% and a net margin of 6.42%. The company had revenue of $ 5.35 billion during the quarter, compared to analyst estimates of $ 5.33 billion. During the same quarter in the previous year, the firm earned $ 0.39 earnings per share. Macy’s’s revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Macy’s will post 4.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be given a dividend of $ 0.157 per share. The ex-dividend date is Tuesday, June 14th. This represents a $ 0.63 annualized dividend and a dividend yield of 3.21%. Macy’s’s dividend payout ratio (DPR) is presently 11.98%.
In other Macy’s news, EVP Danielle L. Kirgan sold 10,222 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $ 26.35, for a total value of $ 269,349.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Antony Spring sold 6,407 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $ 25.40, for a total value of $ 162,737.80. The disclosure for this sale can be found here. Insiders have sold 28,340 shares of company stock worth $ 729,547 over the last ninety days. 1.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of M. Counterpoint Mutual Funds LLC bought a new stake in Macy’s during the 4th quarter valued at approximately $ 25,000. Lindbrook Capital LLC raised its stake in Macy’s by 175.9% during the 1st quarter. Lindbrook Capital LLC now owns 1,029 shares of the company’s stock valued at $ 25,000 after purchasing an additional 656 shares during the period. Quadrant Capital Group LLC raised its stake in Macy’s by 64.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,233 shares of the company’s stock valued at $ 30,000 after purchasing an additional 485 shares during the period. Confluence Wealth Services Inc. bought a new stake in Macy’s during the 4th quarter valued at approximately $ 31,000. Finally, Prospera Financial Services Inc bought a new stake in Macy’s during the 1st quarter valued at approximately $ 33,000. 85.98% of the stock is currently owned by hedge funds and other institutional investors.
Macy’s Company Profile (Get Rating)
Macy’s, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy’s, Macy’s Backstage, Market by Macy’s, Bloomingdale’s, Bloomingdale’s The Outlet, Bloomies, and bluemercury brands.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Macy’s right now?
Before you consider Macy’s, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on … and Macy’s wasn’t on the list.
While Macy’s currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here