Stock Worth Watching: Could Macy’s Inc Recover After Today’s Big Decline?

Stock Worth Watching: Could Macy's Inc Recover After Today's Big Decline?

The stock of Macy’s Inc (NYSE:M) is a huge mover today! About 3.25M shares traded hands. Macy’s Inc (NYSE:M) has declined 17.02% since March 11, 2016 and is downtrending. It has underperformed by 22.48% the S&P500.
The move comes after 9 months negative chart setup for the $10.78 billion company. It was reported on Oct, 14 by We have $32.80 PT which if reached, will make NYSE:M worth $862.40M less.

Analysts await Macy’s Inc (NYSE:M) to report earnings on November, 9. They expect $0.42 EPS, down 25.00% or $0.14 from last year’s $0.56 per share. M’s profit will be $127.00M for 21.22 P/E if the $0.42 EPS becomes a reality. After $0.54 actual EPS reported by Macy’s Inc for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Macy’s Inc (NYSE:M) Ratings Coverage

Out of 27 analysts covering Macy’s Inc. (NYSE:M), 4 rate it a “Buy”, 2 “Sell”, while 21 “Hold”. This means 15% are positive. Macy’s Inc. has been the topic of 61 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Macy’s Inc (NYSE:M) earned “Neutral” rating by Goldman Sachs on Monday, January 11. On Thursday, November 12 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Thursday, August 13, the company rating was maintained by Telsey Advisory Group. The firm has “Hold” rating given on Monday, March 14 by Jefferies. On Friday, August 12 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, August 12. Evercore downgraded the stock to “Hold” rating in Thursday, November 12 report. On Thursday, January 21 the stock rating was reinitiated by JP Morgan with “Neutral”. As per Friday, August 12, the company rating was maintained by Goldman Sachs. The rating was downgraded by Cowen & Co on Monday, October 26 to “Market Perform”.

According to Zacks Investment Research, “Macy’s is one of the nation’s premier retailers, operating about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury, as well as the, and websites. Prior to June 1, 2007, Macy’s was known as Federated Department Stores.”

More important recent Macy’s Inc (NYSE:M) news were published by: which released: “Macy’s Dividend Safety Discounted” on October 13, 2016, also published article titled: “BRIEF-Macy’s Inc board amended and restated Macy’s by-laws”, published: “Citigroup: Macy’s Inc (M) Could Have 27% Upside” on September 14, 2016. More interesting news about Macy’s Inc (NYSE:M) was released by: and their article: “The Power of Pink Prevails at Macy’s In the Fight Against Breast Cancer” with publication date: October 03, 2016.

M Company Profile

Macy’s, Inc., incorporated on December 13, 1985, is an omnichannel retail firm operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Firm sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods. The Company’s subsidiaries provide various support functions to its retail operations. The Company’s bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of various credit card accounts that are owned either by Department Stores National Bank (DSNB), a subsidiary of Citibank N.A., or FDS Bank and that constitutes a part of the credit programs of the Company’s retail operations. Macy’s Systems and Technology, Inc. (MST), a subsidiary of the Company, provides operational electronic data processing and management information services to all of the Company’s operations.

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