Shares of Macy’s, Inc. (NYSE:M – Get Free Report) have been given a consensus advice of “Maintain” by the eight analysis corporations which are presently overlaying the inventory, Marketbeat.com studies. Six equities analysis analysts have rated the inventory with a maintain ranking and two have assigned a purchase ranking to the corporate. The typical 1-year goal value amongst brokers which have up to date their protection on the inventory within the final 12 months is $20.43.
A lot of analysts have just lately commented on M shares. Telsey Advisory Group restated a “market carry out” ranking and issued a $21.00 value goal on shares of Macy’s in a analysis report on Wednesday, August twenty first. Argus raised shares of Macy’s to a “maintain” ranking in a report on Thursday, October tenth. StockNews.com began protection on shares of Macy’s in a report on Sunday, November tenth. They set a “maintain” ranking on the inventory. Lastly, Morgan Stanley decreased their value goal on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” ranking for the corporate in a analysis report on Thursday, August twenty second.
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Macy’s Inventory Efficiency
Shares of NYSE M opened at $15.26 on Thursday. The corporate has a market capitalization of $4.23 billion, a PE ratio of 23.84 and a beta of two.11. The corporate has a debt-to-equity ratio of 0.70, a fast ratio of 0.34 and a present ratio of 1.48. The corporate’s fifty day shifting common value is $15.40 and its 200 day shifting common value is $16.93. Macy’s has a 1 12 months low of $14.06 and a 1 12 months excessive of $22.10.
Macy’s (NYSE:M – Get Free Report) final posted its earnings outcomes on Wednesday, August twenty first. The corporate reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.23. Macy’s had a internet margin of 0.80% and a return on fairness of 23.14%. The enterprise had income of $4.94 billion for the quarter, in comparison with analyst estimates of $5.06 billion. Throughout the identical interval within the prior 12 months, the corporate posted $0.26 EPS. The corporate’s income for the quarter was down 3.8% on a year-over-year foundation. On common, analysis analysts predict that Macy’s will publish 2.72 earnings per share for the present 12 months.
Macy’s Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which will likely be paid on Thursday, January 2nd. Buyers of document on Friday, December thirteenth will likely be given a dividend of $0.1737 per share. The ex-dividend date is Friday, December thirteenth. This represents a $0.69 dividend on an annualized foundation and a dividend yield of 4.55%. Macy’s’s payout ratio is at present 107.81%.
Hedge Funds Weigh In On Macy’s
Hedge funds and different institutional buyers have just lately added to or decreased their stakes within the enterprise. Quest Companions LLC acquired a brand new place in shares of Macy’s throughout the third quarter value $35,000. Venturi Wealth Administration LLC boosted its place in shares of Macy’s by 282.7% throughout the third quarter. Venturi Wealth Administration LLC now owns 2,281 shares of the corporate’s inventory value $36,000 after buying a further 1,685 shares within the final quarter. Future Monetary Wealth Managment LLC bought a brand new place in shares of Macy’s within the third quarter valued at about $39,000. EntryPoint Capital LLC acquired a brand new stake in shares of Macy’s throughout the 1st quarter value about $51,000. Lastly, Abich Monetary Wealth Administration LLC bought a brand new stake in Macy’s throughout the second quarter value roughly $57,000. Hedge funds and different institutional buyers personal 87.36% of the corporate’s inventory.
About Macy’s
Macy’s, Inc, an omni-channel retail group, operates shops, web sites, and cell functions in america. The corporate sells a spread of merchandise, reminiscent of attire and equipment for males, girls, and youngsters; cosmetics; residence furnishings; and different shopper items underneath the Macy’s, Bloomingdale’s, and bluemercury manufacturers.
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