Macy's, Inc. (NYSE:M) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Macy's, Inc. received an average recommendation of "Hold" from twelve analysts, with two sell ratings, nine holds, and one strong buy.
• The stock has an average target price of $13.22, and after recent earnings, it reported a revenue decrease of 5.1% year-over-year.
• Over 87% of Macy's stock is owned by institutional investors and hedge funds, indicating strong interest from major market players.

Shares of Macy's, Inc. (NYSE:M - Get Free Report) have been given an average recommendation of "Hold" by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.2222.

M has been the topic of several research analyst reports. Telsey Advisory Group lowered their price objective on Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley restated a "negative" rating on shares of Macy's in a research report on Tuesday, May 6th. Barclays initiated coverage on Macy's in a research report on Monday, April 28th. They issued a "cautious" rating and a $12.00 price objective on the stock. The Goldman Sachs Group downgraded Macy's from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Macy's from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, July 28th.

Macy's Stock Performance

M stock opened at $12.81 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of 6.50 and a beta of 1.79. Macy's has a 1 year low of $9.76 and a 1 year high of $18.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.43 and a quick ratio of 0.37. The stock's fifty day moving average price is $12.18 and its 200-day moving average price is $12.61.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.38 billion. Macy's had a return on equity of 16.34% and a net margin of 2.45%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. On average, equities analysts forecast that Macy's will post 2.39 earnings per share for the current year.

Hedge Funds Weigh In On Macy's

Large investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. increased its position in shares of Macy's by 4.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 15,442 shares of the company's stock valued at $261,000 after acquiring an additional 717 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Macy's by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 120,414 shares of the company's stock valued at $2,039,000 after acquiring an additional 760 shares during the period. Quantinno Capital Management LP grew its holdings in Macy's by 0.9% during the fourth quarter. Quantinno Capital Management LP now owns 102,538 shares of the company's stock worth $1,736,000 after acquiring an additional 872 shares during the period. PNC Financial Services Group Inc. grew its holdings in Macy's by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 26,306 shares of the company's stock worth $307,000 after acquiring an additional 907 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Macy's by 7.7% during the fourth quarter. ProShare Advisors LLC now owns 12,978 shares of the company's stock worth $220,000 after acquiring an additional 924 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

Macy's Company Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.

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