Macy’s Inc found using ticker (M) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Underperform’. The range between the high target price and low target price is between 15 and 3 with the average target price sitting at 6.38. Given that the stocks previous close was at 6.22 this would indicate that there is a potential upside of 2.6%. There is a 50 day moving average of 6.71 while the 200 day moving average is 8.81. The market cap for the company is $1,880m. 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 February 1, 2020, the company operated 775 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 based in New York, New York.