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

Macy’s, Inc. (NYSE:M) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $17.75.

M has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. StockNews.com raised Macy’s from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Gordon Haskett lowered Macy’s from a “buy” rating to an “accumulate” rating in a research note on Thursday, February 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 price objective on shares of Macy’s in a research note on Tuesday, January 14th. Finally, UBS Group lowered their price objective on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday, December 12th.

Macy’s Stock Performance

NYSE M opened at $15.00 on Friday. The stock has a market capitalization of $4.16 billion, a PE ratio of 25.42 and a beta of 2.05. The business has a 50 day simple moving average of $15.56 and a two-hundred day simple moving average of $15.62. 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 1-year low of $13.66 and a 1-year high of $22.10.

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

Institutional Investors Weigh In On Macy’s

A number of institutional investors and hedge funds have recently bought and sold shares of M. Trifecta Capital Advisors LLC purchased a new position in shares of Macy’s in the 4th quarter valued at $34,000. Jones Financial Companies Lllp grew its stake in Macy’s by 82.1% during 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. Quest Partners LLC purchased a new stake in Macy’s during the 3rd quarter valued at about $35,000. Kestra Investment Management LLC purchased a new stake in Macy’s during the 4th quarter valued at about $38,000. Finally, Venturi Wealth Management LLC grew its stake in Macy’s by 282.7% during 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. 87.36% of the stock is owned by institutional investors.

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.