Extremely Critical Press Coverage Extremely Likely to Affect Macy’s (NYSE:M) Share Price

Share on StockTwits

News articles about Macy’s (NYSE:M) have trended extremely negative on Sunday, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Macy’s earned a coverage optimism score of -4.07 on their scale. InfoTrie also assigned news stories about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Macy’s’ analysis:

Shares of M opened at $5.21 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.66 billion, a P/E ratio of 2.86 and a beta of 1.53. The stock’s fifty day simple moving average is $5.45 and its 200 day simple moving average is $12.32. Macy’s has a twelve month low of $4.38 and a twelve month high of $23.40.

Macy’s (NYSE:M) last issued its earnings results on Tuesday, February 25th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.16. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.32 billion. Macy’s had a return on equity of 14.47% and a net margin of 2.30%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $2.73 EPS. Sell-side analysts predict that Macy’s will post -0.56 earnings per share for the current year.

A number of equities research analysts recently issued reports on M shares. Evercore ISI reaffirmed a “buy” rating and issued a $22.00 target price on shares of Macy’s in a research note on Sunday, February 9th. Zacks Investment Research reaffirmed a “positive” rating on shares of Macy’s in a research note on Friday, March 6th. Guggenheim reissued a “hold” rating on shares of Macy’s in a research note on Tuesday, February 25th. Cfra reduced their price target on Macy’s from $4.00 to $3.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Bank of America reissued an “underperform” rating and set a $4.50 price target (down previously from $5.00) on shares of Macy’s in a research note on Friday. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.61.

In related news, insider John T. Harper sold 6,123 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $5.47, for a total value of $33,492.81. Following the completion of the sale, the insider now directly owns 23,850 shares in the company, valued at approximately $130,459.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 6,747 shares of company stock valued at $36,821. 0.58% of the stock is owned by insiders.

About Macy’s

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: Investing in Blue-Chip Stocks

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.



Latest News

Rhumbline Advisers Acquires 3,630 Shares of MGE Energy, Inc.
Rhumbline Advisers Acquires 3,630 Shares of MGE Energy, Inc.
Inphi Co.  Shares Sold by Rhumbline Advisers
Inphi Co. Shares Sold by Rhumbline Advisers
Rhumbline Advisers Raises Stake in NIC Inc.
Rhumbline Advisers Raises Stake in NIC Inc.
Rhumbline Advisers Acquires 2,787 Shares of National Health Investors Inc
Rhumbline Advisers Acquires 2,787 Shares of National Health Investors Inc
Nuance Communications Inc.  Shares Purchased by Rhumbline Advisers
Nuance Communications Inc. Shares Purchased by Rhumbline Advisers
Rhumbline Advisers Acquires 9,586 Shares of KEMET Co.
Rhumbline Advisers Acquires 9,586 Shares of KEMET Co.


© 2006-2020 Ticker Report