Macy’s Inc with ticker code (M) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 30 and 13 with the average target price sitting at 22.38. Given that the stocks previous close was at 19.72 this would imply there is a potential upside of 13.5%. The 50 day MA is 17.94 and the 200 day MA is 21.18. The company has a market cap of $5,081m. Visit the company website at: https://www.macysinc.com
The potential market cap would be $5,766m 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.
