Macy’s Inc with ticker code (M) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 50 and 20 with the average target price sitting at 31.08. Given that the stocks previous close was at 17.61 this now indicates there is a potential upside of 76.5%. The 50 day moving average now sits at 23.94 and the 200 moving average now moves to 25.01. The company has a market capitalisation of $5,472m. Company Website: https://www.macysinc.com
The potential market cap would be $9,658m 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.
