Macy’s Inc Common Stock (NYSE:M).
Credit Suisse downgraded the stock and lowered the price target on September 28 changing the price objective from $50.00 to $40.00 and moving the rating from “Outperform” to “Neutral”. On September 14, 2016 Citigroup left the price objective at $44.00 but upgraded the stock to Buy from Neutral.
On September 14 the company was upgraded to “Buy” from “Neutral” and a price target of $44.00 was set in an announcement from Citigroup. August 12 investment analysts at Deutsche Bank left the company rating at “Neutral” but moved up the price target to $44.00 from $37.00.
On August 12 Citigroup left the stock rating at “Neutral” and lowered the price target from $52.00 to $44.00.
In the market the company is trading up by 0.99 percent from yesterday’s close. The company also recently declared a dividend for shareholders to be paid on Monday the 3rd of October 2016. The dividend payment will be $0.378 per share for the quarter or $1.51 on an annualized basis. The dividend yield will be $4.12. The ex-dividend date will be Tuesday the 13th of September 2016.
Company shares last traded at $36.60 a bit lower than the 50 day moving average which is $37.31 and which is just under the 200 day moving average of $36.76. The 50 day moving average went down $-0.71 or -1.90% whereas the 200 day moving average was down $-0.16 or -0.43%.
The company’s P/E ratio is 14.68 and market cap is 11.29B. In the latest earnings report the EPS was $2.49 and is estimated to be $3.36 for the current year with 308,467,000 shares now outstanding. Next quarter’s EPS is expected be $2.02 and the next full year EPS is projected to be $-0.19.