StockNews.com Upgrades Macy's (NYSE:M) to "Buy"

Macy's (NYSE:M - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Friday.

A number of other analysts have also issued reports on the company. Guggenheim reaffirmed a "neutral" rating on shares of Macy's in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $17.00 price target on shares of Macy's in a research note on Tuesday, January 14th. Benchmark raised Macy's to a "strong-buy" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Macy's from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group lowered their price target on Macy's from $10.00 to $9.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $17.75.

Macy's Stock Down 0.5 %

Macy's stock traded down $0.08 during midday trading on Friday, reaching $15.04. The company's stock had a trading volume of 4,202,804 shares, compared to its average volume of 6,910,509. The stock's 50-day simple moving average is $15.66 and its 200-day simple moving average is $15.63. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. Macy's has a 52-week low of $13.66 and a 52-week high of $22.10. The stock has a market capitalization of $4.17 billion, a P/E ratio of 25.48 and a beta of 2.05.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $4.74 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts expect that Macy's will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Trifecta Capital Advisors LLC acquired a new position in shares of Macy's during the 4th quarter worth about $34,000. Quest Partners LLC purchased a new stake in shares of Macy's in the 3rd quarter valued at about $35,000. Venturi Wealth Management LLC lifted its holdings in shares of Macy's by 282.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company's stock valued at $36,000 after purchasing an additional 1,685 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Macy's by 82.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,149 shares of the company's stock valued at $36,000 after purchasing an additional 969 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Macy's in the 4th quarter valued at about $38,000. 87.36% of the stock is owned by institutional investors and hedge funds.

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.