Macy’s, Inc. (NYSE:M) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Macy’s, Inc. (NYSE:M) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.75.

Several research firms have recently commented on M. UBS Group cut their price objective on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price target on shares of Macy’s in a research note on Tuesday, January 14th. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. Finally, Benchmark upgraded shares of Macy’s to a “strong-buy” rating in a research note on Monday, February 3rd.

Institutional Investors Weigh In On Macy’s

Hedge funds have recently bought and sold shares of the stock. Trifecta Capital Advisors LLC acquired a new position in shares of Macy’s in the fourth quarter valued at approximately $34,000. Quest Partners LLC bought a new stake in Macy’s in the 3rd quarter valued at $35,000. Venturi Wealth Management LLC grew its holdings in 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 buying an additional 1,685 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in 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 buying an additional 969 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in Macy’s during the 4th quarter worth $38,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Macy’s Stock Down 0.2 %

Shares of M stock opened at $14.53 on Friday. The firm’s fifty day moving average price is $15.46 and its two-hundred day moving average price is $15.61. Macy’s has a 1 year low of $13.66 and a 1 year high of $22.10. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.03 billion, a P/E ratio of 24.63 and a beta of 2.05.

Macy’s (NYSE:M) last released its earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the firm posted $0.21 EPS. Macy’s’s revenue was down 2.4% compared to the same quarter last year. On average, equities analysts predict that Macy’s will post 2.39 EPS for the current fiscal year.

About Macy’s

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.