Investment analysts at Deutsche Bank lifted their target price on shares of Macy’s (NYSE: M) from $43.00 to $47.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock.

Macy’s traded up 1.62% on Monday, hitting $41.34. Macy’s has a 1-year low of $32.31 and a 1-year high of $42.17. The stock’s 50-day moving average is currently $39.26. The company has a market cap of $16.028 billion and a price-to-earnings ratio of 12.56.

Macy’s last released its earnings data on Tuesday, February 26th. The company reported $2.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.99 by $0.06. The company had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Macy’s has set its FY14 guidance at $3.90-3.95 EPS. Analysts expect that Macy’s will post $3.87 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Macy’s from $44.00 to $46.00 in a research note to investors on Wednesday, February 27th. Separately, analysts at Citigroup set a $57.00 price target on shares of Macy’s in a research note to investors on Wednesday, February 27th. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Macy’s in a research note to investors on Tuesday, February 12th. They set a “buy” rating and a $50.00 price target on the stock.

Eleven investment analysts have rated the stock with a buy rating, one has issued an overweight rating, and six have assigned a hold rating to the company. Macy’s has a consensus rating of “overweight” and a consensus target price of $46.20.

The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 13th.

Macy’s, Inc. (Macy’s) is a retail organization operating stores and Internet Websites under two brands (Macy’s and Bloomingdale’s) that sell a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.

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