Macy’s Inc with ticker code (M) have now 13 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 50 and 20 calculating the average target price we see 31.77. Now with the previous closing price of 26.81 this now indicates there is a potential upside of 18.5%. The day 50 moving average is 25.29 and the 200 moving average now moves to 24.41. The market capitalisation for the company is $7,532m. Company Website: https://www.macysinc.com
The potential market cap would be $8,925m 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.
