Macy's (NYSE:M) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.
Several other brokerages also recently issued reports on M. Telsey Advisory Group upped their price objective on Macy's from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Thursday, December 28th. OTR Global upgraded Macy's to a “sell” rating in a research report on Monday, December 18th. Gordon Haskett upgraded Macy's from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday. BMO Capital Markets set a $38.00 target price on Macy's and gave the stock a “buy” rating in a research report on Friday, January 5th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $9.50 target price on shares of Macy's in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.33.
Shares of Macy's (NYSE M) traded down $0.16 during trading hours on Thursday, hitting $29.25. The stock had a trading volume of 15,734,207 shares, compared to its average volume of 10,290,000. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.47 and a quick ratio of 0.19. Macy's has a twelve month low of $17.41 and a twelve month high of $33.67. The stock has a market capitalization of $8,910.00, a P/E ratio of 9.20, a P/E/G ratio of 1.15 and a beta of 0.98.
Several institutional investors have recently added to or reduced their stakes in M. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Macy's by 3.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,924 shares of the company’s stock worth $486,000 after purchasing an additional 701 shares during the period. Nationwide Fund Advisors grew its stake in shares of Macy's by 8.6% in the third quarter. Nationwide Fund Advisors now owns 93,443 shares of the company’s stock valued at $2,039,000 after buying an additional 7,372 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Macy's by 31.5% in the third quarter. First Trust Advisors LP now owns 1,177,861 shares of the company’s stock valued at $25,701,000 after buying an additional 281,842 shares in the last quarter. Korea Investment CORP grew its stake in shares of Macy's by 29.0% in the third quarter. Korea Investment CORP now owns 303,873 shares of the company’s stock valued at $6,631,000 after buying an additional 68,300 shares in the last quarter. Finally, Calamos Advisors LLC grew its stake in shares of Macy's by 3.8% in the third quarter. Calamos Advisors LLC now owns 91,693 shares of the company’s stock valued at $2,001,000 after buying an additional 3,359 shares in the last quarter. Institutional investors own 88.32% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3231926/macys-m-upgraded-at-valuengine.html.
Macy's Company Profile
Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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 MarketBeat.com's FREE daily email newsletter.