Macy's, Inc. (NYSE:M) Receives $17.78 Average PT from Brokerages

Shares of Macy's, Inc. (NYSE:M - Get Free Report) have been given an average rating of "Hold" by the eleven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.78.

A number of equities analysts have recently commented on the company. Guggenheim reissued a "neutral" rating on shares of Macy's in a report on Thursday, December 12th. Gordon Haskett raised shares of Macy's from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a report on Monday, December 16th. Morgan Stanley lowered their price objective on shares of Macy's from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, December 12th. UBS Group cut their target price on shares of Macy's from $10.00 to $9.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered 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.

Macy's Price Performance

Shares of NYSE:M traded down $0.22 during trading on Tuesday, reaching $15.55. 5,955,070 shares of the company traded hands, compared to its average volume of 7,540,038. Macy's has a 52 week low of $13.66 and a 52 week high of $22.10. The company's 50 day moving average is $16.00 and its two-hundred day moving average is $15.80. 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 firm has a market capitalization of $4.32 billion, a PE ratio of 26.36 and a beta of 2.07.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.74 billion. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The business's revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. As a group, sell-side analysts predict that Macy's will post 2.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of Macy's during the 3rd quarter valued at $35,000. Kestra Investment Management LLC bought a new stake in shares of Macy's in the fourth quarter valued at approximately $38,000. Venturi Wealth Management LLC lifted its position in shares of Macy's by 282.7% during the third quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company's stock worth $36,000 after acquiring an additional 1,685 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Macy's during the 3rd quarter worth about $39,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Macy's in the second quarter valued at approximately $62,000. Hedge funds and other institutional investors own 87.36% of the company's stock.

Macy's Company Profile

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.