What are Macy's'stock price targets for the next year?
13 equities research analysts have issued 1 year price targets for Macy's' stock. Their forecasts range from $23.00 to $50.00. On average, they expect Macy's' stock price to reach $33.90 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price.
What is the highest stock price Macy's has ever been?
Historical daily share price chart and data for Macy's since 1992 adjusted for splits. The latest closing stock price for Macy's as of July 26, 2022 is 16.79. The all-time high Macy's stock closing price was 72.80 on July 16, 2015.
What is Macy's 52-week high and low price?
The Macy's 52-week high stock price is 37.95, which is 126% above the current share price. The Macy's 52-week low stock price is 15.85, which is 5.6% below the current share price. The average Macy's stock price for the last 52 weeks is 23.93. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.
What is Macy's'stock symbol?
What is Macy's' stock symbol? Macy's trades on the New York Stock Exchange (NYSE) under the ticker symbol "M." Who are Macy's' major shareholders?
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What is highest price for Macy's stock?
Historical daily share price chart and data for Macy's since 1992 adjusted for splits. The latest closing stock price for Macy's as of May 27, 2022 is 23.44. The all-time high Macy's stock closing price was 72.80 on July 16, 2015.
Is Macy's stock a buy or sell?
The median P/B ratio for stocks in the S&P is just over 3....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
What is Macy's target price?
Stock Price TargetsHigh$36.00Median$28.00Low$13.00Average$26.24Current Price$16.79
Is Macy's a good buy?
Latest Macy's Inc Stock News Macy's Inc's trailing 12-month revenue is $26.0 billion with a 6.2% profit margin. Year-over-year quarterly sales growth most recently was 13.9%. Analysts expect adjusted earnings to reach $4.642 per share for the current fiscal year. Macy's Inc currently has a 3.8% dividend yield.
Should I sell Macy's stock?
There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Macy's stock.
Is Macys a buy Zacks?
Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Macy's is rated Zacks Rank #2 (Buy).
How many shares does Macy's have?
Share StatisticsAvg Vol (3 month) 314.31MShares Outstanding 5269.73MImplied Shares Outstanding 6N/AFloat 8268.71M% Held by Insiders 10.30%7 more rows
Is Macy's stock going up?
Macy's stock is trading at a price to sales ratio of 0.36, less than one-tenth of the price to sales ratio of the e-commerce businesses mentioned above. The chance for this scenario to play out is far from certain, but if it does happen, Macy's stock could explode in 2022.
Is Macy's a strong company?
In the tough pandemic year of 2020, Macy's topped all department store retailers with $24.6 billion in revenue.
Why did Macy's stock jump today?
Macy's surged 17.1% after it raised its profit forecast for the year following a strong first-quarter financial report. Dollar General surged 13.1% and Dollar Tree jumped 20.5% after the discount retailers reported solid earnings and gave investors encouraging forecasts.
How much did Macy's cut?
Is the 2009 financial crisis bad for shopping malls?
Macy’s Inc. has cut $900 million in expenses, trimmed its fleet of stores to focus on top malls and shopping centers, and made digital investments that are paying off, according to JPMorgan, which upgraded the department store retailer to neutral from underweight. JPMorgan also raised its price target to $25 from $19.
Interactive Stock Chart
Even in the depths of the 2009 financial crisis, it was never this bad for the owners of the world's biggest shopping malls. New real estate industry data for June reveals that vacancy rates in the United States' indoor malls could surpass those in suburban shopping centers and strip malls. The figures from property consultancy Jones Lang LaSalle come on top of a series of bankruptcies and takeovers, which has seen even sector leader Simon Property Group hand back control of some buildings to creditors or take over broken retail operations for their debts.
Historical Data
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When will Macy's release its next quarterly earnings?
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How much does Macy's make?
Macy's is scheduled to release its next quarterly earnings announcement on Wednesday, September 1st 2021. View our earnings forecast for Macy's.
Is Macy's a hold?
Macy's has a market capitalization of $5.26 billion and generates $17.35 billion in revenue each year. The company earns $-3,944,000,000.00 in net income (profit) each year or ($2.21) on an earnings per share basis.
