Macy’s Inc with ticker code (M) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 27 and 15 calculating the average target price we see 22.77. Given that the stocks previous close was at 20.92 this indicates there is a potential upside of 8.8%. There is a 50 day moving average of 20.21 and the 200 day MA is 18.23. The market cap for the company is $6,646m. Visit the company website at: http://www.macysinc.com
Macy’s, an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy’s, Bloomingdale’s, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of January 30, 2021, the company operated 727 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. It also operates in Dubai, the United Arab Emirates and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores and changed its name to Macy’s in 2007. Macy’s was founded in 1830 and is headquartered in New York, New York.
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