Macy’s Inc (NYSE:M) has received an average recommendation of “Hold” from the twenty analysts that are currently covering the stock, reports. Four investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.37.

A number of equities analysts have recently commented on the stock. Deutsche Bank raised their target price on shares of Macy’s from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, May 16th. Goldman Sachs Group set a €28.60 ($33.26) price objective on shares of Hapag-Lloyd and gave the stock a “neutral” rating in a report on Thursday, May 16th. Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Standpoint Research raised shares of GAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, Desjardins reaffirmed an “average” rating and issued a $5.25 price target on shares of Macy’s in a report on Friday, March 22nd.

Shares of NYSE:M traded up $0.55 on Friday, reaching $22.10. The company’s stock had a trading volume of 7,554,984 shares, compared to its average volume of 9,432,287. The company has a market cap of $6.66 billion, a PE ratio of 5.29, a P/E/G ratio of 0.92 and a beta of 0.54. Macy’s has a 52-week low of $20.02 and a 52-week high of $41.99. The business has a 50-day moving average price of $21.44. The company has a quick ratio of 0.32, a current ratio of 1.42 and a debt-to-equity ratio of 1.19.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, May 15th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.11. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.52 billion. Macy’s had a net margin of 4.43% and a return on equity of 20.66%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. On average, sell-side analysts forecast that Macy’s will post 3.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a $0.3775 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.83%. Macy’s’s dividend payout ratio is 36.12%.

In other news, CFO Paula A. Price sold 1,189 shares of Macy’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $21.30, for a total value of $25,325.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Harry A. Lawton III acquired 5,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of $21.37 per share, for a total transaction of $106,850.00. Following the completion of the transaction, the president now directly owns 31,038 shares of the company’s stock, valued at approximately $663,282.06. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 20,000 shares of company stock valued at $432,950. 0.55% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Liberty Wealth Management LLC bought a new stake in Macy’s in the 4th quarter valued at $34,000. Avestar Capital LLC raised its position in shares of Macy’s by 2,168.2% in the 1st quarter. Avestar Capital LLC now owns 1,497 shares of the company’s stock valued at $35,000 after acquiring an additional 1,431 shares during the period. NuWave Investment Management LLC raised its position in shares of Macy’s by 730.4% in the 1st quarter. NuWave Investment Management LLC now owns 1,777 shares of the company’s stock valued at $43,000 after acquiring an additional 1,563 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Macy’s by 841.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,864 shares of the company’s stock valued at $45,000 after acquiring an additional 1,666 shares during the period. Finally, Destination Wealth Management raised its position in shares of Macy’s by 27.1% in the 1st quarter. Destination Wealth Management now owns 2,344 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Macy’s Company Profile

Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.

Featured Story: What Are Treasury Bonds?

Analyst Recommendations for Macy`s (NYSE:M)

Receive News & Ratings for Macy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's and related companies with's FREE daily email newsletter.