Price Target Update on Macys Inc (NYSE:M)

Macys Inc (NYSE:M) : The most positive equity analysts on Macys Inc (NYSE:M) expects the shares to touch $64, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $38.64 with an expected fluctuation of $8.94 from the mean.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Morgan Stanley maintains its ratings on Macys Inc (NYSE:M). In the latest research report, Morgan Stanley lowers the target price from $40 per share to $35 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on May 12, 2016.

Macys Inc (NYSE:M): stock turned positive on Thursday. Though the stock opened at $33.5, the bulls momentum made the stock top out at $34.41 level for the day. The stock recorded a low of $33.27 and closed the trading day at $33.38, in the green by 1.74%. The total traded volume for the day was 11,227,454. The stock had closed at $32.81 in the previous days trading.

The company shares have dropped -52.57% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $73.61 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $33.11 and the 200 Day Moving Average price is recorded at $38.45. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lundgren Terry J, director officer (Chairman and CEO) of Macys, Inc., had unloaded 177,352 shares at an average price of $43.48 in a transaction dated on March 23, 2016. The total value of the transaction was worth $7,711,265.

Macys, Inc. is an omnichannel retail company operating stores, Websites (, and 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.

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