Macys Inc (M) : 1 brokerage houses believe that Macys Inc (M) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Macys Inc (M). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.83.
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 $40.6. The maximum price target given is $44 and the minimum target for short term is around $37, hence the standard deviation is calculated at $2.55.
Macys, Inc. has dropped 1.72% in the last five trading days, however, the shares have posted positive gains of 9.71% in the last 4 weeks. Macys, Inc. is up 29.72% in the last 3-month period. Year-to-Date the stock performance stands at 16.62%. Macys Inc (NYSE:M): stock turned positive on Tuesday. Though the stock opened at $39.65, the bulls momentum made the stock top out at $40.18 level for the day. The stock recorded a low of $39.476 and closed the trading day at $40, in the green by 1.65%. The total traded volume for the day was 5,603,472. The stock had closed at $39.35 in the previous days trading.
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.