Macys Inc s in-depth stock price analysis indicates that the stock price has dropped -25.66% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -17.04% . Looking at the past 52 week period, the stock price is down -18.5% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Macys Inc has a negative value of -18.78 compared to overall market performance. Macys Inc (NYSE:M) has tumbled 2.14% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.06% in the last four weeks. The stocks have underperformed the S&P 500 by 2.93% during the past week but Macys Inc (NYSE:M) it has outperformed the index in 4 weeks by 5.15%.
Macys Inc (NYSE:M) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.38 points or 1.17% at $31.99 with 7,894,939 shares getting traded. Post opening the session at $32.44, the shares hit an intraday low of $31.55 and an intraday high of $32.88 and the price was in this range throughout the day. The company has a market cap of $9,778 million and the number of outstanding shares has been calculated to be 305,670,060 shares. The 52-week high of Macys Inc (NYSE:M) is $45.5 and the 52-week low is $28.55.
Macy's Last issued its quarterly earnings results on Nov 10, 2016. The company reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.24. Analyst had a consensus of $0.41. The company had revenue of $5626.00 million for the quarter, compared to analysts expectations of $5633.54 million. The companys revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Macy's was Initiated by Susquehanna on Feb 10, 2017 to Neutral, Price Target of the shares are set at $31.Macy's was Downgraded by Buckingham Research to Neutral on Jan 31, 2017. Macy's was Reiterated by RBC Capital Mkts on Jan 5, 2017 to Sector Perform, Lowers Price Target to $ 35 from a previous price target of $43 .Macy's was Reiterated by Telsey Advisory Group on Jan 5, 2017 to Market Perform, Lowers Price Target to $ 38 from a previous price target of $42 .
Company has reported several Insider transactions to the SEC, on Nov 30, 2016, Craig Weatherup (director) sold 20,000 shares at 42.00 per share price.On Mar 24, 2016, Terry J Lundgren (Chairman and CEO) sold 177,352 shares at 43.48 per share price.On Mar 21, 2016, Molly Langenstein (Chief Private Brand Officer) sold 1,779 shares at 44.55 per share price.
Macys is one of the nations premier retailers, operating about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macys, Bloomingdales, Bloomingdales Outlet and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Prior to June 1, 2007, Macys was known as Federated Department Stores.