Macy’s Inc which can be found using ticker (M) have now 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 30 and 14 with the average target price sitting at $24.18. Given that the stocks previous close was at $17.27 this now indicates there is a potential upside of 40.0%. There is a 50 day moving average of $21.20 and the 200 day MA is $19.81. The company has a market capitalization of $4,709m. You can visit the company’s website by visiting: https://www.macysinc.com
The potential market cap would be $6,593m 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 children; 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 3.87% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.13, revenue per share of 92.12 and a 6.1% return on assets.
