Macy’s Inc found using ticker (M) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 50 and 20 and has a mean target at 31.77. Now with the previous closing price of 24.69 this would imply there is a potential upside of 28.7%. The 50 day moving average now sits at 25.36 and the 200 day MA is 24.13. The market cap for the company is $6,817m. You can visit the company’s website by visiting: https://www.macysinc.com
The potential market cap would be $8,771m 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.
