A number of research firms have changed their ratings and price targets for Macy’s (NYSE: M):

  • 9/14/2016 – Macy’s was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $44.00 price target on the stock, up previously from $35.42.
  • 9/12/2016 – Macy’s was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $38.48 price target on the stock.
  • 9/6/2016 – Macy’s was upgraded by analysts at Vetr from a “sell” rating to a “buy” rating. They now have a $38.48 price target on the stock.
  • 9/5/2016 – Macy’s was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $35.17 price target on the stock.
  • 8/29/2016 – Macy’s was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $35.17 price target on the stock.
  • 8/25/2016 – Macy’s was upgraded by analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating.
  • 8/25/2016 – Macy’s is now covered by analysts at Standpoint Research. They set a “buy” rating and a $72.00 price target on the stock.
  • 8/22/2016 – Macy’s was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $35.17 price target on the stock.
  • 8/16/2016 – Macy’s was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “Macy’s posted fourth straight quarter of positive earnings surprise, as it reported second-quarter fiscal 2016 results. Net sales also beat the Zacks Consensus Estimate after missing the same in the preceding quarter. Management indicated that favorable weather, promotional events, marginal reduction in tourist spending, and the ‘Black Friday in July’ event positively impacted the quarter. However, the company failed to check the decline in the bottom line that was hurt by a 3.9% drop in the top line and subdued margins. Nonetheless, Macy’s has kept its fiscal 2016 view intact. In an attempt to augment sales, profitability and cash flows, the company has been taking steps such as cost containment, closure of underperforming stores, integration of operations as well as development of eCommerce business and Macy’s Backstage off-price business, along with the expansion of Bluemercury and online order fulfillment centers.”
  • 8/15/2016 – Macy’s was downgraded by analysts at Vetr from a “hold” rating to a “strong sell” rating. They now have a $35.17 price target on the stock.
  • 8/13/2016 – Macy’s had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $40.00 price target on the stock, up previously from $35.00.
  • 8/13/2016 – Macy’s had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $35.00 price target on the stock, down previously from $37.00.
  • 8/12/2016 – Macy’s had its price target raised by analysts at Telsey Advisory Group from $36.00 to $42.00. They now have a “market perform” rating on the stock.
  • 8/12/2016 – Macy’s had its price target raised by analysts at Royal Bank Of Canada from $35.00 to $40.00. They now have a “sector perform” rating on the stock.
  • 8/12/2016 – Macy’s was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.
  • 8/12/2016 – Macy’s had its price target raised by analysts at Citigroup Inc. from $30.00 to $44.00. They now have a “neutral” rating on the stock.
  • 8/12/2016 – Macy’s had its price target raised by analysts at Deutsche Bank AG from $37.00 to $40.00. They now have a “hold” rating on the stock.
  • 8/12/2016 – Macy’s had its price target raised by analysts at Goldman Sachs Group Inc. from $34.00 to $39.00. They now have a “neutral” rating on the stock.
  • 8/11/2016 – Macy’s had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 8/8/2016 – Macy’s was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $35.17 price target on the stock.
  • 8/5/2016 – Macy’s was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We observe that earnings estimates have been stable lately ahead of the announcement of second-quarter fiscal 2016 results of Macy’s, which registered the third straight quarter of positive earnings surprise, when it reported first-quarter results. Although back-to-back earnings beat raises confidence, the year-over-year decline in both the top and bottom lines in the recent quarters dents the same. A mature domestic market, foreign currency headwinds and cautious consumer spending continue to pose concerns. These factors compelled management to cut its forecast for fiscal 2016. Nevertheless, Macy’s has undertaken initiatives – Macy’s Backstage off-price business, new loyalty rewards program and expansion of Bluemercury – to augment sales and profitability. Moreover, the company is entering into deals and collaborations to widen its operations.”
  • 8/2/2016 – Macy’s was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $35.17 price target on the stock.
  • 8/1/2016 – Macy’s had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $34.00 price target on the stock.
  • 7/26/2016 – Macy’s was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $40.00 price target on the stock. According to Zacks, “We observe that earnings estimates have been stable lately ahead of the announcement of second-quarter fiscal 2016 results of Macy’s, which registered the third straight quarter of positive earnings surprise, when it reported first-quarter results. Although back-to-back earnings beat raises confidence, the year-over-year decline in both the top and bottom lines in the recent quarters dents the same. A mature domestic market, foreign currency headwinds and cautious consumer spending continue to pose concerns. These factors compelled management to cut its forecast for fiscal 2016. Nevertheless, Macy’s has undertaken initiatives – Macy’s Backstage off-price business, new loyalty rewards program and expansion of Bluemercury – to augment sales and profitability. Moreover, the company is entering into deals and collaborations to widen its operations.”
  • 7/25/2016 – Macy’s had its price target raised by analysts at Deutsche Bank AG from $35.00 to $37.00. They now have a “hold” rating on the stock.

Shares of Macy’s Inc. (NYSE:M) opened at 36.01 on Thursday. The stock has a market capitalization of $11.11 billion, a P/E ratio of 14.44 and a beta of 0.80. Macy’s Inc. has a one year low of $29.94 and a one year high of $53.11. The firm’s 50-day moving average price is $37.03 and its 200-day moving average price is $37.04.

Macy’s (NYSE:M) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The company earned $5.87 billion during the quarter, compared to the consensus estimate of $5.73 billion. Macy’s had a return on equity of 27.68% and a net margin of 2.99%. Macy’s’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. Equities research analysts anticipate that Macy’s Inc. will post $3.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a $0.3775 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.51 annualized dividend and a yield of 4.19%. Macy’s’s dividend payout ratio (DPR) is presently 60.64%.

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.

5 Day Chart for NYSE:M

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