Macy’s Inc which can be found using ticker (M) have now 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 29 and 14 and has a mean target at $23.21. Given that the stocks previous close was at $17.85 this now indicates there is a potential upside of 30.0%. The 50 day moving average now sits at $19.67 and the 200 moving average now moves to $19.68. The company has a market capitalization of $4,779m. Company Website: https://www.macysinc.com
The potential market cap would be $6,214m based on the market consensus.
Macy’s, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy’s, Bloomingdale’s, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy’s, Inc. in June 2007. The company was founded in 1830 and is based in New York, New York.
The company has a dividend yield of 3.74% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.23, revenue per share of 92.12 and a 6.1% return on assets.
