Press coverage about Macy’s (NYSE:M) has trended somewhat positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Macy’s earned a news impact score of 2.00 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Macy’s’ score:
- Felicity Huffman unloads to husband William H. Macy behind bars – Page Six (pagesix.com)
- Macy’s Holiday Lane is Open at Quaker Bridge Mall – 94.5 PST (wpst.com)
- Macy’s Holiday Lane opens at Staten Island Mall – SILive.com (silive.com)
- Squirrel runs wild in Fort Collins Macy’s – Coloradoan (coloradoan.com)
- As retail-to-office moratorium ends, city to consider to two Union Square proposals (finance.yahoo.com)
Shares of NYSE M opened at $15.86 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. Macy’s has a twelve month low of $14.11 and a twelve month high of $38.35. The stock has a 50 day moving average of $15.59 and a two-hundred day moving average of $19.92. The stock has a market cap of $4.67 billion, a P/E ratio of 3.79, a P/E/G ratio of 0.70 and a beta of 0.63.
Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.17). Macy’s had a net margin of 4.11% and a return on equity of 18.74%. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. Macy’s’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that Macy’s will post 2.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a $0.377 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date was Thursday, September 12th. Macy’s’s dividend payout ratio is currently 36.12%.
A number of brokerages have recently commented on M. ValuEngine raised Macy’s from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Deutsche Bank lowered their price objective on Macy’s from $29.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, August 15th. Zacks Investment Research raised Macy’s from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. downgraded Macy’s from a “neutral” rating to an “underweight” rating in a research report on Wednesday, August 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $18.00 price objective (down from $25.00) on shares of Macy’s in a research report on Thursday, August 15th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Macy’s currently has an average rating of “Hold” and an average target price of $20.75.
In other news, insider C Elisa D. Garcia sold 5,089 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $15.48, for a total value of $78,777.72. Following the transaction, the insider now owns 16,825 shares of the company’s stock, valued at $260,451. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.
Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.
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