Macy’s (M) Shares Up 0%

Macy’s Inc (NYSE:M) shot up 0% on Monday . The company traded as high as $25.97 and last traded at $25.85. 12,095,135 shares were traded during mid-day trading, an increase of 18% from the average session volume of 10,252,599 shares. The stock had previously closed at $25.85.

A number of brokerages recently weighed in on M. Vetr downgraded shares of Macy’s from a “strong-buy” rating to a “buy” rating and set a $28.05 target price on the stock. in a research note on Tuesday. OTR Global raised shares of Macy’s to a “sell” rating in a research note on Monday. Guggenheim reissued a “buy” rating and set a $27.00 price target on shares of Macy’s in a research note on Friday, December 15th. Canaccord Genuity reissued a “buy” rating and set a $9.50 price target on shares of Macy’s in a research note on Thursday, November 16th. Finally, BMO Capital Markets set a $35.00 price target on shares of Macy’s and gave the stock a “buy” rating in a research note on Sunday, November 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.50.

The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. The company has a market cap of $7,873.04, a price-to-earnings ratio of 8.70, a PEG ratio of 0.90 and a beta of 0.97.

Macy’s (NYSE:M) last issued its earnings results on Thursday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the business earned $0.17 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. sell-side analysts expect that Macy’s Inc will post 3.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Thursday, December 14th. Macy’s’s dividend payout ratio is 66.52%.

Institutional investors have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Macy’s in the second quarter valued at $335,000. Ffcm LLC boosted its holdings in Macy’s by 251.6% in the second quarter. Ffcm LLC now owns 5,052 shares of the company’s stock valued at $120,000 after acquiring an additional 3,615 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in Macy’s by 51.1% in the second quarter. Penserra Capital Management LLC now owns 5,560 shares of the company’s stock valued at $129,000 after acquiring an additional 1,880 shares in the last quarter. Kistler Tiffany Companies LLC bought a new stake in Macy’s in the third quarter valued at $148,000. Finally, IFP Advisors Inc boosted its holdings in shares of Macy’s by 62.9% during the 3rd quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after buying an additional 3,083 shares in the last quarter. Hedge funds and other institutional investors own 82.04% of the company’s stock.

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Macy’s Company Profile

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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