News headlines about Macy’s (NYSE:M) have been trending somewhat negative this week, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Macy’s earned a coverage optimism score of -1.00 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Macy’s’ ranking:
- Zacks: Analysts Anticipate Macy’s Inc (M) Will Announce Earnings of $0.36 Per Share (americanbankingnews.com)
- Making A Difference: Madison Band Fundraising To Perform In Macy’s Thanksgiving Day Parade – LEX18 Lexington KY News (lex18.com)
- Macy’s at University Place in Orem to close this year – Daily Herald (heraldextra.com)
- Can Real Estate Provide A Lifeline for Physical Retail? – pymnts.com (pymnts.com)
- Macy’s explores raising skyscraper atop Midtown flagship – Curbed NY (ny.curbed.com)
NYSE M traded up $0.13 during trading hours on Friday, hitting $24.26. 6,116,608 shares of the company’s stock were exchanged, compared to its average volume of 9,583,130. Macy’s has a 1-year low of $22.73 and a 1-year high of $41.99. The stock has a market capitalization of $7.58 billion, a P/E ratio of 5.80, a P/E/G ratio of 0.93 and a beta of 0.43. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.42 and a quick ratio of 0.42.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.3775 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.51 dividend on an annualized basis and a yield of 6.22%. Macy’s’s dividend payout ratio (DPR) is presently 36.12%.
Several analysts recently weighed in on the company. Standpoint Research upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Desjardins reiterated an “average” rating and issued a $5.25 target price on shares of Macy’s in a research report on Friday, March 22nd. Zacks Investment Research upgraded Macy’s from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 12th. ValuEngine downgraded Macy’s from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $27.00 target price on shares of Macy’s in a research report on Wednesday, February 27th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.22.
In other news, Director Deirdre P. Connelly sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $25.76, for a total value of $161,000.00. Following the transaction, the director now owns 17,092 shares in the company, valued at $440,289.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joyce M. Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $24.30, for a total value of $243,000.00. Following the completion of the transaction, the director now owns 13,647 shares in the company, valued at approximately $331,622.10. The disclosure for this sale can be found here. Insiders sold 16,921 shares of company stock valued at $421,238 in the last three months. Insiders own 0.55% of the company’s stock.
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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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