Macy’s (M) Receives News Impact Rating of 0.12
Headlines about Macy’s (NYSE:M) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macy’s earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2882254605106 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s rankings:
- Macy’s taking donations for veterans (greensboro.com)
- Macy’s supporting veterans, military families with fundraising event (mdjonline.com)
- Macy’s Inc (M) Expected to Announce Quarterly Sales of $5.59 Billion (americanbankingnews.com)
- Problem Solved: What happened to my $400 rebate, TopCashback.com? (aberdeennews.com)
- Problem Solved: I bought this because of the rebate and never got my money (eastbaytimes.com)
M has been the topic of several recent research reports. Deutsche Bank increased their target price on Macy’s from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. Jefferies Financial Group reiterated a “hold” rating on shares of Macy’s in a research report on Tuesday, February 27th. Morgan Stanley increased their price objective on Macy’s from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Gordon Haskett upgraded Macy’s from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Thursday, March 1st. Finally, BMO Capital Markets increased their price objective on Macy’s from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Macy’s has a consensus rating of “Hold” and a consensus price target of $30.96.
Macy’s (NYSE:M) last released its earnings results on Wednesday, May 16th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.12. The business had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Macy’s had a return on equity of 24.56% and a net margin of 6.45%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. sell-side analysts anticipate that Macy’s will post 3.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a $0.3775 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.51 dividend on an annualized basis and a yield of 4.08%. Macy’s’s dividend payout ratio is presently 40.05%.
In other news, Chairman Jeffrey Gennette bought 10,000 shares of Macy’s stock in a transaction that occurred on Thursday, April 12th. The shares were acquired at an average price of $29.10 per share, with a total value of $291,000.00. Following the completion of the purchase, the chairman now directly owns 89,303 shares in the company, valued at $2,598,717.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.36% of the stock is owned by corporate insiders.
Macy’s Company Profile
Macy's, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.
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