Macy’s’ (M) “Market Perform” Rating Reiterated at Telsey Advisory Group

Macy’s (NYSE:M)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $17.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 27.37% from the stock’s current price.

A number of other brokerages also recently commented on M. JPMorgan Chase & Co. lowered their price target on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Gordon Haskett downgraded Macy’s from a “buy” rating to an “accumulate” rating in a research report on Thursday, February 13th. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley decreased their target price on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.14.

Macy’s Stock Down 0.1 %

Shares of NYSE M opened at $13.35 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The firm’s 50-day moving average is $15.26 and its two-hundred day moving average is $15.53. Macy’s has a 12-month low of $13.12 and a 12-month high of $22.10. The company has a market capitalization of $3.71 billion, a PE ratio of 22.62 and a beta of 2.05.

Macy’s (NYSE:M) last released its quarterly earnings results on Thursday, March 6th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.25. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Equities analysts anticipate that Macy’s will post 2.39 EPS for the current fiscal year.

Institutional Trading of Macy’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Macy’s in the 4th quarter valued at about $2,591,000. Forum Financial Management LP bought a new stake in Macy’s during the fourth quarter worth approximately $177,000. Vise Technologies Inc. grew its position in Macy’s by 37.2% in the fourth quarter. Vise Technologies Inc. now owns 23,129 shares of the company’s stock worth $392,000 after buying an additional 6,266 shares during the last quarter. MidWestOne Financial Group Inc. increased its holdings in shares of Macy’s by 14.5% in the fourth quarter. MidWestOne Financial Group Inc. now owns 135,646 shares of the company’s stock valued at $2,296,000 after buying an additional 17,167 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Macy’s by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,349 shares of the company’s stock valued at $17,952,000 after acquiring an additional 122,749 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.