Brokerages Set Macy’s, Inc. (NYSE:M) PT at $17.75

Macy’s, Inc. (NYSE:M) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.75.

A number of research analysts recently commented on M shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $17.00 price target on shares of Macy’s in a research note on Tuesday, January 14th. UBS Group dropped their target price on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Guggenheim reiterated a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Benchmark raised shares of Macy’s to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Gordon Haskett cut Macy’s from a “buy” rating to an “accumulate” rating in a research note on Thursday, February 13th.

Macy’s Stock Down 0.2 %

Shares of M opened at $14.53 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.03 billion, a PE ratio of 24.63 and a beta of 2.05. The firm’s 50 day moving average is $15.46 and its 200-day moving average is $15.61. Macy’s has a 12 month low of $13.66 and a 12 month high of $22.10.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Macy’s’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Equities research analysts forecast that Macy’s will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Forum Financial Management LP bought a new stake in Macy’s during the 4th quarter worth $177,000. Vise Technologies Inc. boosted its stake in shares of Macy’s by 37.2% during the fourth quarter. Vise Technologies Inc. now owns 23,129 shares of the company’s stock valued at $392,000 after purchasing an additional 6,266 shares in the last quarter. MidWestOne Financial Group Inc. grew its holdings in shares of Macy’s by 14.5% during the fourth quarter. MidWestOne Financial Group Inc. now owns 135,646 shares of the company’s stock worth $2,296,000 after purchasing an additional 17,167 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Macy’s by 13.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,349 shares of the company’s stock valued at $17,952,000 after buying an additional 122,749 shares during the period. Finally, iSAM Funds UK Ltd acquired a new position in shares of Macy’s in the fourth quarter valued at approximately $200,000. 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.