Macy’s Inc which can be found using ticker (M) have now 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 30 and 14 and has a mean target at $24.18. Now with the previous closing price of $18.75 this now indicates there is a potential upside of 29.0%. It’s also worth noting that there is a 50 day moving average of $21.72 and the 200 day MA is $19.98. The market cap for the company is $4,883m. Find out more information at: https://www.macysinc.com
The potential market cap would be $6,298m based on the market consensus.
Macy’s, Inc., 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. It operates 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, Inc. and changed its name to Macy’s, Inc. in June 2007. Macy’s, Inc. was founded in 1830 and is based in New York, New York.
The company has a dividend yield of 3.58% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.24, revenue per share of 92.12 and a 6.18% return on assets.
