Opinion

What Wall Street is saying about Macy’s, Inc. (NYSE:M)

Macy’s, Inc. (NYSE:M) stock is presently standing at about $30.90 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 20 analysts covering the company is $34.50, which suggests the stock could still rise over 10 percent. The highest analyst price target is $45.00, which implies a rally of 54 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 2 rate M a strong buy. There are 20 equity research firms advocating a Hold and 0 consider it Sell.

Atlantic Equities analysts provided their view on Macy’s, Inc. (NYSE:M) recently. The rating firm issued a Overweight rating to this company in a research note released on Feb 17, 2017. Susquehanna analysts disclosed their opinion on Macy’s, Inc. (NYSE:M) recently. The rating firm gave a Neutral rating to this stock in a research note published on Feb 10, 2017. According to a research note disclosed on Oct 31, 2016, analysts at Deutsche Bank have upped their rating on these shares from Hold to Buy.

Macy’s, Inc. (NYSE:M) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Chairman and CEO LUNDGREN TERRY J Purchased 30 company shares for 1000, in a transaction on 2017-02-24. Following the transaction, the Chairman and CEO is left with a stake of 444,431 shares, currently valued at $13732918. Meanwhile, Director WEATHERUP CRAIG sold 20,000 shares worth $840000, through a transaction dated 2016-11-30. Following the completion of the transaction, the insider is left with a stake of 6,000 shares, amounting $185400. M Chairman and CEO LUNDGREN TERRY J also sold 177,352 shares, at a stock price of $43.48. This transaction occurred on 2016-03-23 totals $7711260. After this transaction, the insider’s stake stands at 444,605 shares, with a market value of $13738295.

Executives hold 0.45 percent of the stock. Terry J. Lundgren is one of the biggest insider owners in Macy’s, Inc. (NYSE:M), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 284,760 shares which have current market value of around $8799084.Mr. William P. Stiritz is another major inside shareholder in the company. The insider owns 203,628 shares as of less than 0.1%, currently worth $6292105.2. Karen M. Hoguet is ranked as third insider holder of the stock. This insider holds 188,556 shares with a market value around $5826380.4 as of recent close.

Macy’s, Inc. (NYSE:M) Earnings Outlook

In Macy’s, Inc. (NYSE:M)’s latest quarter, EPS moved to $2.02 from $0.17 in preceding quarter and revenues reached at $8,515.00M compared to $5,626.00M. Analysts had expected Macy’s, Inc. (NYSE:M) to post net income of about $1.96 per share on $8,627.69M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.25 to $0.40. That is compared with the $0.40 in EPS it reported during the same period a year ago.

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