Macy’s Inc (NYSE:M)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a report released on Thursday. They presently have a $36.00 price objective on the stock. BMO Capital Markets’ target price suggests a potential upside of 96.08% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Citigroup Inc. lowered Macy’s from a “neutral” rating to a “sell” rating and cut their price target for the company from $21.00 to $16.00 in a research note on Monday, October 30th. Royal Bank Of Canada set a $21.00 price target on Macy’s and gave the company a “sector perform” rating in a research note on Friday, October 20th. Susquehanna Bancshares Inc set a $38.00 price target on Macy’s and gave the company a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research lowered Macy’s from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, ValuEngine upgraded Macy’s from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.31.

Macy’s (NYSE M) traded down $0.42 during midday trading on Thursday, hitting $18.36. The company’s stock had a trading volume of 14,872,082 shares, compared to its average volume of 12,034,654. The stock has a market cap of $5,591.70, a price-to-earnings ratio of 6.31, a P/E/G ratio of 0.64 and a beta of 0.86. Macy’s has a twelve month low of $18.33 and a twelve month high of $45.41. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.42 and a quick ratio of 0.34.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.52 billion. Macy’s had a return on equity of 21.38% and a net margin of 2.71%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. sell-side analysts expect that Macy’s will post 3.35 earnings per share for the current year.

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In other Macy’s news, Director John A. Bryant acquired 9,825 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the acquisition, the director now owns 9,825 shares of the company’s stock, valued at approximately $199,644. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in M. Ffcm LLC lifted its holdings in Macy’s by 251.6% in the second quarter. Ffcm LLC now owns 5,052 shares of the company’s stock valued at $120,000 after acquiring an additional 3,615 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Macy’s by 51.1% in the second quarter. Penserra Capital Management LLC now owns 5,560 shares of the company’s stock valued at $129,000 after acquiring an additional 1,880 shares during the last quarter. Financial Architects Inc lifted its holdings in Macy’s by 254.5% in the second quarter. Financial Architects Inc now owns 5,850 shares of the company’s stock valued at $136,000 after acquiring an additional 4,200 shares during the last quarter. Edge Wealth Management LLC acquired a new position in Macy’s in the second quarter valued at approximately $142,000. Finally, Kistler Tiffany Companies LLC acquired a new position in Macy’s in the third quarter valued at approximately $148,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

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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