Macy’s Inc (M) Set to Announce Quarterly Earnings on Tuesday
Macy’s Inc (NYSE:M) will release its earnings data on Tuesday, February 21st. Persons that wish to register for the company’s earnings conference call can do so using this link.
Shares of Macy’s Inc (NYSE:M) opened at 31.82 on Friday. Macy’s Inc has a one year low of $28.55 and a one year high of $45.50. The company has a 50-day moving average price of $31.28 and a 200 day moving average price of $36.41. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 14.48 and a beta of 0.79.
M has been the topic of several analyst reports. Buckingham Research downgraded Macy’s from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Tuesday, January 31st. Vetr raised Macy’s from a “buy” rating to a “strong-buy” rating and set a $45.83 target price on the stock in a report on Monday, December 12th. Goldman Sachs Group, Inc. (The) set a $39.00 target price on Macy’s and gave the stock a “hold” rating in a report on Thursday, January 5th. Deutsche Bank AG raised Macy’s from a “hold” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $45.00 in a report on Monday, October 31st. Finally, OTR Global downgraded Macy’s to a “sell” rating in a report on Friday, February 3rd. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $39.52.
In other Macy’s news, Director Craig Weatherup sold 20,000 shares of the stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $42.00, for a total value of $840,000.00. Following the transaction, the director now owns 16,000 shares of the company’s stock, valued at $672,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.
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Macy’s Company Profile
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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