Short Term Price Target on Macys Inc (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.

Shares of Macys, Inc. rose by 0.69% in the last five trading days and 2.93% for the last 4 weeks. Macys, Inc. has dropped 20.86% during the last 3-month period . Year-to-Date the stock performance stands at -2.01%. Also, Morgan Stanley maintains its view on Macys Inc (NYSE:M) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Morgan Stanley lowers the price target from $40 per share to $35 per share on Macys Inc. The rating by the firm was issued on May 12, 2016.

Macys Inc (NYSE:M) has an average broker rating of 3, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Macys Inc (NYSE:M): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.45 and $32.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.61, notching a gain of 0.87% for the day. The total traded volume was 6,587,925 . The stock had closed at $33.32 on the previous day.

In an insider trading activity, Lundgren Terry J, director officer (Chairman and CEO) of Macys, Inc., unloaded 177,352 shares at an average price of $43.48 on March 23, 2016. The total amount of the transaction was worth $7,711,265, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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