Macy’s, Inc. (NYSE:M) registered a 5.17% increase, still its new closing price is 7.60% up from the company’s 1 year high of 44.99.It posted 2.67% gains in previous 5 sessions and is now the subject of 19 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 22 stock analysts following this company have an average price target at $35.95, with individual PT in the $30.00-$45.00 range. The shares moved at $30.72, implying that brokerage firms see shares losing about -23.20% in twelve months time.
Macy’s, Inc. (M) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -14.21% fall year to date. A Director at Macy’s, Inc. (M) offloaded shares in a transaction closed on Wednesday November 30, 2016. WEATHERUP CRAIG sold 20,000 shares in the company at $42 each and collected $840,000 in proceeds. WEATHERUP CRAIG now owns 6,000 shares in the company after this transaction. A Chairman and CEO in the company, LUNDGREN TERRY J, disclosed a transaction on Wednesday March 23, 2016 that ended up generating $7,711,000 from the sale of 177,352 shares at $43.48 per share.
Macy’s, Inc. (NYSE:M) Upcoming Results on Tap
Macy’s, Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $0.40 in that period. Sales during the quarter are predicted to arrive at $5.59 billion.
Earnings surprise history: Last quarter, the company posted approximately $5.63 billion in revenue and EPS of $0.17. The mean forecast was for $5.63 billion and $0.41 a share, respectively. One quarter earlier, revenue for the stock was at $5.87 billion, with earnings at $0.54/share.
Macy’s, Inc. (M) Brokerage Update
Macy’s, Inc. (M) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Deutsche Bank, according to news reported on Monday October 31, 2016.Another important research note was issued by Credit Suisse on Wednesday September 28, 2016.The firm downgraded M to Neutral from Outperform. Over the last six months and over the last three months, the shares of Macy’s, Inc. (M), have changed -6.25% and -15.83%, respectively.