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

Macy's, Inc. (NYSE:M - Get Free Report) has earned an average rating of "Hold" from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research 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 12 month target price among brokers that have issued ratings on the stock in the last year is $12.78.

Several equities analysts have recently commented on M shares. Morgan Stanley reaffirmed a "negative" rating on shares of Macy's in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on Macy's from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Telsey Advisory Group reduced their target price on Macy's from $15.00 to $14.00 and set a "market perform" rating for the company in a research note on Thursday, May 29th. Barclays assumed coverage on shares of Macy's in a research report on Monday, April 28th. They set a "cautious" rating and a $12.00 target price on the stock. Finally, The Goldman Sachs Group lowered shares of Macy's from a "buy" rating to a "neutral" rating and reduced their price target for the company from $17.00 to $12.00 in a research report on Tuesday, April 22nd.

Macy's Trading Up 2.1%

Shares of M stock opened at $12.20 on Tuesday. The business's fifty day moving average price is $11.89 and its 200 day moving average price is $12.92. Macy's has a 1-year low of $9.76 and a 1-year high of $18.13. The firm has a market capitalization of $3.31 billion, a PE ratio of 6.19 and a beta of 1.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.43 and a quick ratio of 0.37.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Macy's had a return on equity of 16.34% and a net margin of 2.45%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the firm earned $0.27 EPS. Macy's's quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Macy's will post 2.39 EPS for the current fiscal year.

Macy's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a dividend yield of 5.98%. The ex-dividend date was Friday, June 13th. Macy's's dividend payout ratio (DPR) is presently 37.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in M. State of Alaska Department of Revenue grew its position in shares of Macy's by 126.0% in the 1st quarter. State of Alaska Department of Revenue now owns 184,511 shares of the company's stock valued at $2,317,000 after buying an additional 102,885 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Macy's by 1,188.7% during the 1st quarter. GAMMA Investing LLC now owns 44,086 shares of the company's stock valued at $554,000 after purchasing an additional 40,665 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Macy's by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,105 shares of the company's stock worth $764,000 after buying an additional 1,122 shares during the period. Vontobel Holding Ltd. acquired a new position in Macy's during the 1st quarter worth approximately $304,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in Macy's by 33.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,161 shares of the company's stock worth $240,000 after buying an additional 3,579 shares during the period. 87.36% of the stock is currently owned by institutional investors.

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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