Macy’s, Inc. (NYSE:M) Receives Consensus Rating of “Hold” from Brokerages

Shares of Macy’s, Inc. (NYSE:M) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.78.

A number of research firms have commented on M. JPMorgan Chase & Co. reduced their price target on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Argus upgraded shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Telsey Advisory Group restated a “market perform” rating and issued a $17.00 price target on shares of Macy’s in a report on Tuesday, January 14th. Finally, UBS Group reduced their price target on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, December 12th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sei Investments Co. lifted its position in shares of Macy’s by 47.3% during the second quarter. Sei Investments Co. now owns 29,209 shares of the company’s stock valued at $561,000 after purchasing an additional 9,379 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Macy’s by 400.7% during the second quarter. Bank of Montreal Can now owns 55,685 shares of the company’s stock valued at $1,085,000 after purchasing an additional 74,201 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Macy’s during the second quarter valued at about $62,000. Algert Global LLC lifted its position in shares of Macy’s by 200.3% during the second quarter. Algert Global LLC now owns 230,559 shares of the company’s stock valued at $4,427,000 after purchasing an additional 153,789 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Macy’s by 4.2% during the second quarter. Creative Planning now owns 62,703 shares of the company’s stock valued at $1,204,000 after purchasing an additional 2,554 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

Macy’s Trading Down 0.5 %

M opened at $15.29 on Tuesday. Macy’s has a twelve month low of $13.66 and a twelve month high of $22.10. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average of $15.96 and a 200-day moving average of $15.83. The stock has a market cap of $4.24 billion, a PE ratio of 25.91 and a beta of 2.07.

Macy’s (NYSE:M) last posted 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). Macy’s had a return on equity of 21.99% and a net margin of 0.73%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Macy’s will post 2.39 EPS for the current year.

About Macy’s

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.