Macys Inc (M) : 13 analysts are covering Macys Inc (M) and their average rating on the stock is 2.85, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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 $36.3. The maximum price target given is $44 and the minimum target for short term is around $33, hence the standard deviation is calculated at $3.16.
Company shares have received an average consensus rating of Hold for the current week Macys Inc (NYSE:M): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.90 and $38.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.81, notching a gain of 17.09% for the day. The total traded volume was 40,540,673 . The stock had closed at $34.00 on the previous day.
In a related news, 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 (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.