Macy’s Inc found using ticker (M) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 50 and 15 calculating the mean target price we have 34.83. Now with the previous closing price of 25.43 this now indicates there is a potential upside of 37.0%. The day 50 moving average is 25.88 and the 200 moving average now moves to 22.91. The company has a market cap of $7,814m. Company Website: https://www.macysinc.com
The potential market cap would be $10,702m 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.
