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 with a mean TP of 31.77. Given that the stocks previous close was at 19.93 this now indicates there is a potential upside of 59.4%. The day 50 moving average is 22.92 and the 200 day moving average is 25.12. The company has a market cap of $5,848m. You can visit the company’s website by visiting: https://www.macysinc.com
The potential market cap would be $9,322m 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.
