Macy’s Inc with ticker code (M) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 50 and 15 with a mean TP of 34.83. With the stocks previous close at 26.6 this would imply there is a potential upside of 30.9%. There is a 50 day moving average of 25.44 and the 200 day MA is 23.94. The company has a market cap of $7,652m. Company Website: https://www.macysinc.com
The potential market cap would be $10,020m based on the market concensus.
Macy’s, an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy’s, Bloomingdale’s, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of January 30, 2021, the company operated 727 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. It also operates in Dubai, the United Arab Emirates and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores and changed its name to Macy’s in 2007. Macy’s was founded in 1830 and is headquartered in New York, New York.
