Macy’s (M) Receives Coverage Optimism Score of 0.29
Media coverage about Macy’s (NYSE:M) has trended positive on Friday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Macy’s earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the company an impact score of 42.5939116632202 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- Macy’s plans to hire 7,000 extra seasonal workers (fox8.com)
- Macy’s Will Hire 7,000 More Workers For the Holiday Season (bloomberg.com)
- Macy’s, Inc. to Hire an Additional 7,000 Seasonal Associates in 2017 (digitalcommerce360.com)
- In a reversal, Macy’s hiring thousands more than expected for holidays (bizjournals.com)
- Macy’s plans to hire 7,000 extra workers for the holiday season (businessinsider.com)
A number of analysts have recently issued reports on the company. UBS reiterated a “neutral” rating and set a $21.00 target price (down previously from $23.00) on shares of Macy’s in a report on Monday, August 14th. Jefferies Group reiterated a “hold” rating and set a $21.00 target price (down previously from $24.00) on shares of Macy’s in a report on Friday, August 11th. BMO Capital Markets set a $36.00 target price on Macy’s and gave the stock a “buy” rating in a report on Friday, August 11th. Cowen reiterated a “hold” rating and set a $23.00 target price on shares of Macy’s in a report on Thursday, September 28th. Finally, Credit Suisse Group decreased their price target on Macy’s from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Macy’s presently has an average rating of “Hold” and a consensus target price of $25.37.
Macy’s (NYSE:M) last announced its earnings results on Thursday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. Macy’s had a return on equity of 21.20% and a net margin of 2.83%. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period in the prior year, the company posted $0.17 EPS. Macy’s’s quarterly revenue was down 6.1% on a year-over-year basis. equities analysts anticipate that Macy’s will post 3.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Thursday, December 14th. Macy’s’s payout ratio is 66.52%.
Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.
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