Macy's M has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 3 | 0 | 0 |
Analysts have set 12-month price targets for Macy's, revealing an average target of $21.38, a high estimate of $25.00, and a low estimate of $20.00. This upward trend is apparent, with the current average reflecting a 6.26% increase from the previous average price target of $20.12.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of Macy's's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $21.00 | $21.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $21.00 | $21.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Market Perform | $21.00 | $21.00 |
| Matthew Boss | JP Morgan | Raises | Overweight | $25.00 | $23.00 |
| Adam Maeder | TD Cowen | Lowers | Market Perform | $20.00 | $23.00 |
| Alexandra Walvis | Morgan Stanley | Lowers | Equal-Weight | $20.00 | $21.00 |
| Brooke Roach | Goldman Sachs | Raises | Buy | $22.00 | $16.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Market Perform | $21.00 | $15.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Macy's. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Macy's compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Macy's's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Macy's's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Macy's analyst ratings.
Unveiling the Story Behind Macy's
Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 159 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.
Financial Insights: Macy's
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Macy's's revenue growth over 3 months faced difficulties. As of 31 January, 2024, the company experienced a decline of approximately -2.42%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Macy's's net margin is impressive, surpassing industry averages. With a net margin of -0.84%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Macy's's ROE excels beyond industry benchmarks, reaching -1.69%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.41%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.45.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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