Macy’s Inc. (NYSE:M) gapped up prior to trading on Monday . The stock had previously closed at $33.85, but opened at $34.11. Macy’s shares last traded at $34.89, with a volume of 4,796,565 shares changing hands.

A number of equities research analysts have recently weighed in on M shares. BMO Capital Markets reissued a “buy” rating on shares of Macy’s in a research note on Thursday, May 12th. Zacks Investment Research raised Macy’s from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, April 26th. Vetr lowered Macy’s from a “strong-buy” rating to a “buy” rating and set a $44.66 target price for the company. in a research note on Tuesday, April 19th. Credit Suisse Group AG reissued a “buy” rating on shares of Macy’s in a research note on Thursday, May 12th. Finally, Morgan Stanley lowered their target price on Macy’s from $40.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, May 12th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.73.

The company has a market cap of $10.72 billion and a P/E ratio of 11.35. The company has a 50-day moving average price of $34.28 and a 200 day moving average price of $37.86.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business earned $5.77 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period last year, the firm earned $0.56 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Equities analysts anticipate that Macy’s Inc. will post $3.25 earnings per share for the current year.

Other institutional investors have recently added to or reduced their stakes in the company. Gluskin Sheff & Assoc Inc. raised its position in Macy’s by 1,844.3% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 296,626 shares of the company’s stock valued at $10,376,000 after buying an additional 281,370 shares in the last quarter. I.G. Investment Management LTD. raised its position in Macy’s by 47.1% in the fourth quarter. I.G. Investment Management LTD. now owns 389,035 shares of the company’s stock valued at $13,608,000 after buying an additional 124,619 shares in the last quarter. BlackRock Advisors LLC raised its position in Macy’s by 4.0% in the fourth quarter. BlackRock Advisors LLC now owns 2,318,377 shares of the company’s stock valued at $81,097,000 after buying an additional 88,510 shares in the last quarter. Trexquant Investment LP raised its position in Macy’s by 660.6% in the fourth quarter. Trexquant Investment LP now owns 96,600 shares of the company’s stock valued at $3,379,000 after buying an additional 83,900 shares in the last quarter. Finally, Andra AP fonden raised its position in Macy’s by 47.6% in the fourth quarter. Andra AP fonden now owns 96,100 shares of the company’s stock valued at $3,362,000 after buying an additional 31,000 shares in the last quarter.

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

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