Macy’s Inc found using ticker (M) now have 13 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 30 and 14 calculating the average target price we see 24.1. With the stocks previous close at 21.33 this is indicating there is a potential upside of 13.0%. The day 50 moving average is 20.65 and the 200 day MA is 20.81. The company has a market cap of $5,899m. Company Website: https://www.macysinc.com
The potential market cap would be $6,666m based on the market concensus.
Macy’s, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy’s, Macy’s Backstage, Market by Macy’s, Bloomingdale’s, Bloomingdale’s The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores and changed its name to Macy’s in June 2007. Macy’s was founded in 1830 and is based in New York, New York.
