Macy's (M) Attains New 12-Month High and Low at $31.70

Cornelia Mascio
Mag 16, 2018

Accern also gave media coverage about the company an impact score of 44.7083669462626 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. Kistler Tiffany Companies LLC raised its position in shares of Macy's by 31.3% during the fourth quarter. Same-store sales rose 3.9% on an owned basis and 4.2% on an owned and licensed basis. Bank of New York Mellon Corp raised its position in shares of Macy's by 28.0% in the fourth quarter. Following the completion of the sale, the director now owns 54,834 shares of the company's stock, valued at $1,661,470.20. LSV Asset Management lifted its stake in Macy's by 3.8% during the fourth quarter. During the same period last year, the company earned $2.02 earnings per share. equities research analysts anticipate that Macy's will post 3.62 earnings per share for the current fiscal year. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Macy's by 22.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,696,773 shares of the company's stock valued at $67,932,000 after buying an additional 497,496 shares during the last quarter. Following the purchase, the chairman now owns 89,303 shares of the company's stock, valued at approximately $2,598,717.30. SG Americas Securities LLC's holdings in Macy's were worth $2,742,000 at the end of the most recent reporting period. Gordon Haskett raised shares of Macy's from a hold rating to a buy rating and set a $36.00 target price on the stock in a research report on Thursday, March 1st. ValuEngine lowered shares of Macy's from a "hold" rating to a "sell" rating in a research note on Wednesday, May 9th. Finally, Deutsche Bank increased their target price on Macy's from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Monday, February 26th.

A number of analysts have commented on the stock. Macy's has a consensus rating of "Hold" and a consensus target price of $26.60.

In other Macy's news, CFO Karen M. Hoguet sold 67,515 shares of the company's stock in a transaction dated Thursday, March 1st. The stock was bought at an average cost of $29.10 per share, with a total value of $291,000.00. Bank of New York Mellon Corp now owns 10,653,773 shares of the company's stock worth $268,367,000 after purchasing an additional 2,328,072 shares during the last quarter. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jeffrey Gennette purchased 10,000 shares of the firm's stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $29.25, for a total value of $265,941.00. The disclosure for this sale can be found here. Insiders sold 107,392 shares of company stock worth $3,173,164 over the last ninety days.

Shares of Macy's opened at $32.10 on Wednesday, Marketbeat reports.

The stock has a market cap of $9,296.40, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.99 and a beta of 0.75. The company has a current ratio of 1.47, a quick ratio of 0.45 and a debt-to-equity ratio of 1.04. Macy's has a 12 month low of $28.94 and a 12 month high of $30.20.

Macy's (M +1.4%) trades higher in front of tomorrow's Q1 earnings report. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. The business had revenue of $8.67 billion during the quarter, compared to the consensus estimate of $8.70 billion. Macy's had a net margin of 6.23% and a return on equity of 24.93%. Macy's's revenue for the quarter was up 1.8% on a year-over-year basis. The winning formula for Macy's, Inc.is a healthy brick & mortar business, robust e-commerce and a great mobile experience.

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