Macy’s Inc found using ticker (M) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 50 and 22 with the average target price sitting at 35.06. Given that the stocks previous close was at 26.2 this now indicates there is a potential upside of 33.8%. The 50 day MA is 26.84 and the 200 day moving average is 22.47. The market cap for the company is $7,569m. You can visit the company’s website by visiting: https://www.macysinc.com
The potential market cap would be $10,128m 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.
