Macy's (NYSE:M) has been given a $38.00 price target by BMO Capital Markets in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 55.23% from the company’s previous close.
M has been the topic of a number of other reports. Zacks Investment Research lowered Macy's from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Citigroup lowered Macy's from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $21.00 to $16.00 in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and issued a $23.00 price objective on shares of Macy's in a research report on Monday, September 18th. Guggenheim restated a “buy” rating and set a $27.00 price target on shares of Macy's in a research report on Friday, December 15th. Finally, Vetr upgraded Macy's from a “buy” rating to a “strong-buy” rating and set a $27.57 price target on the stock in a research report on Monday, December 18th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Macy's presently has an average rating of “Hold” and a consensus target price of $25.91.
Macy's (NYSE M) opened at $24.48 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.49. Macy's has a 1 year low of $17.41 and a 1 year high of $34.37. The stock has a market capitalization of $7,460.00, a P/E ratio of 10.78, a P/E/G ratio of 0.83 and a beta of 0.97.
Hedge funds have recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Macy's in the second quarter worth $335,000. Ffcm LLC raised its stake in shares of Macy's by 251.6% in the second quarter. Ffcm LLC now owns 5,052 shares of the company’s stock worth $120,000 after purchasing an additional 3,615 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new stake in Macy's during the third quarter valued at $148,000. IFP Advisors Inc increased its position in Macy's by 62.9% during the third quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after acquiring an additional 3,083 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in Macy's during the third quarter valued at $200,000. Hedge funds and other institutional investors own 82.04% of the company’s stock.
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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