UBS Group Has Lowered Expectations for Macy's (NYSE:M) Stock Price

Macy's (NYSE:M - Get Free Report) had its price target dropped by UBS Group from $9.00 to $8.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "sell" rating on the stock. UBS Group's target price indicates a potential downside of 43.24% from the stock's previous close.

Other analysts have also issued reports about the company. Gordon Haskett lowered Macy's from an "accumulate" rating to a "hold" rating in a report on Thursday. StockNews.com raised Macy's from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 price target on shares of Macy's in a report on Thursday. Guggenheim restated a "neutral" rating on shares of Macy's in a report on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on shares of Macy's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $16.00.

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Macy's Stock Up 6.6 %

NYSE:M traded up $0.88 during trading hours on Friday, hitting $14.10. 13,833,776 shares of the stock traded hands, compared to its average volume of 7,141,113. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 23.89 and a beta of 2.07. The firm has a 50 day moving average price of $15.03 and a 200 day moving average price of $15.46. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. Macy's has a fifty-two week low of $12.60 and a fifty-two week high of $22.10.

Macy's (NYSE:M - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.25. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The firm had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.76 billion. Equities research analysts anticipate that Macy's will post 2.39 earnings per share for the current year.

Hedge Funds Weigh In On Macy's

A number of institutional investors have recently made changes to their positions in M. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Macy's in the fourth quarter worth $2,591,000. Forum Financial Management LP acquired a new stake in Macy's in the 4th quarter worth $177,000. Vise Technologies Inc. increased its holdings in shares of Macy's by 37.2% during the 4th quarter. Vise Technologies Inc. now owns 23,129 shares of the company's stock worth $392,000 after purchasing an additional 6,266 shares during the period. MidWestOne Financial Group Inc. raised its position in shares of Macy's by 14.5% during the fourth quarter. MidWestOne Financial Group Inc. now owns 135,646 shares of the company's stock valued at $2,296,000 after buying an additional 17,167 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Macy's by 13.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,349 shares of the company's stock valued at $17,952,000 after buying an additional 122,749 shares during the period. 87.36% of the stock is currently owned by institutional investors.

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.