Macy’s, Inc. (NYSE:M) Given Consensus Rating of “Hold” by Analysts

Macy’s, Inc. (NYSE:M) has been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.75.

Several research analysts have recently issued reports on M shares. StockNews.com upgraded Macy’s from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Argus raised Macy’s to a “hold” rating in a report on Thursday, October 10th. Guggenheim reissued a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. 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. Finally, Gordon Haskett upgraded Macy’s from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Monday, December 16th.

Macy’s Price Performance

Shares of M stock opened at $15.24 on Tuesday. The stock’s 50-day moving average is $15.97 and its 200 day moving average is $15.77. 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. The company has a market cap of $4.23 billion, a P/E ratio of 25.83 and a beta of 2.06.

Macy’s (NYSE:M) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 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 business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts predict that Macy’s will post 2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Macy’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its stake in Macy’s by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 41,345 shares of the company’s stock worth $700,000 after purchasing an additional 960 shares in the last quarter. Impact Partnership Wealth LLC boosted its position in shares of Macy’s by 7.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 16,871 shares of the company’s stock valued at $286,000 after purchasing an additional 1,229 shares during the period. Affinity Capital Advisors LLC raised its stake in Macy’s by 11.5% during the 3rd quarter. Affinity Capital Advisors LLC now owns 12,116 shares of the company’s stock valued at $190,000 after acquiring an additional 1,248 shares during the last quarter. KBC Group NV raised its stake in Macy’s by 19.9% during the 3rd quarter. KBC Group NV now owns 7,952 shares of the company’s stock valued at $125,000 after acquiring an additional 1,319 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its stake in Macy’s by 12.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 14,026 shares of the company’s stock valued at $220,000 after acquiring an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

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.