Macys Inc (M) : 11 Wall Street analysts covering Macys Inc (M) believe that the average level the stock could reach for the short term is $38.64. The maximum price target given is $64 and the minimum target for short term is around $33, hence the standard deviation is calculated at $8.94.
Macys Inc (M), According to the latest information the short interest in Macys Inc shot up by 4.1% or 373,903 shares. The final shorts are 3.1% of the total floated shares. The positions increased from 9,087,991 shares on June 15,2016 to 9,461,894 on June 30,2016. According to the per-day average trading of 7,534,767 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Macys Inc (NYSE:M). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley lowers the price target from $40 per share to $35 per share. The rating by the firm was issued on May 12, 2016.
Macys Inc (NYSE:M): On Thursdays trading session , Opening price of the stock was $35.53 with an intraday high of $35.62. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.6. However, the stock managed to close at $34.83, a loss of 0.71% for the day. On the previous day, the stock had closed at $35.08. The total traded volume of the day was 6,540,684 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.