Macy’s (M) Receives Media Sentiment Rating of 0.03
News stories about Macy’s (NYSE:M) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Macy’s earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 43.5583252763798 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- This Retailer Went From Zero To $2 Billion In Four Years (finance.yahoo.com)
- Share the Warmth! Macy’s Announces the Fifth Annual “Buy A Coat & We’ll Donate One” Coat Campaign in Support of Clothes4Souls (finance.yahoo.com)
- Target CEO says small-format stores twice as productive as traditional (finance.yahoo.com)
- BRIEF-Macy’s names Danielle kirgan as chief human resources officer (reuters.com)
- Macy : Give the Best This Holiday Season with Gifts We Love from Macy’s (4-traders.com)
Shares of Macy’s (M) opened at 20.19 on Friday. The stock has a 50 day moving average of $21.24 and a 200-day moving average of $23.47. The firm has a market capitalization of $6.15 billion, a P/E ratio of 9.18 and a beta of 0.87. Macy’s has a 1-year low of $19.32 and a 1-year high of $45.41.
Macy’s (NYSE:M) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Macy’s had a net margin of 2.71% and a return on equity of 21.38%. Macy’s’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, equities analysts expect that Macy’s will post $3.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend was Thursday, September 14th. Macy’s’s dividend payout ratio (DPR) is 68.64%.
M has been the topic of a number of recent research reports. Royal Bank Of Canada set a $23.00 price target on shares of Macy’s and gave the stock a “hold” rating in a research report on Friday, August 11th. BidaskClub raised shares of Macy’s from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered shares of Macy’s from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. UBS AG reaffirmed a “neutral” rating and set a $21.00 price target (down from $23.00) on shares of Macy’s in a research report on Monday, August 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Macy’s in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.92.
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In related news, Director John A. Bryant acquired 9,825 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the transaction, the director now owns 9,825 shares in the company, valued at $199,644. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.
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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