Macys Inc (M) has risen sharply, recording gains of 7.62% in the past 4 weeks. However, the stock has corrected -4.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.14% and the fifty day Moving Average is 8.72%. Macys, Inc. is up 19.2% in the last three month period. Year-to-Date the stock performance stands at 12.42%.
Macys Inc (M) : 10 Wall Street analysts covering Macys Inc (M) believe that the average level the stock could reach for the short term is $41. The maximum price target given is $48 and the minimum target for short term is around $37, hence the standard deviation is calculated at $3.33.
Macys Inc (NYSE:M): On Fridays trading session , Opening price of the stock was $39.25 with an intraday high of $39.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $38.43. However, the stock managed to close at $38.56, a loss of 1.76% for the day. On the previous day, the stock had closed at $39.25. The total traded volume of the day was 6,257,098 shares.
Macys, Inc. is an omnichannel retail company operating stores, Websites (macys.com, bloomingdales.com and bluemercury.com) and mobile. As of January 31, 2015, the operations of the Company included 823 stores with an area of approximately 147,400,000 square feet in 45 states of the United States, the District of Columbia, Guam and Puerto Rico. Of these 823 stores, 447 were owned, 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land. The Company operates its stores under the names of Macys, Bloomingdales, Bloomingdales Outlet and Bluemercury. The Company operates 13 Bloomingdales outlet stores. Bloomingdales in Dubai, the United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.