Media stories about Macy's (NYSE:M) have been trending somewhat negative on Saturday, Alpha One reports. The research firm, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Macy's earned a media sentiment score of -0.05 on Alpha One’s scale. Alpha One also assigned news headlines about the company an impact score of 82 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Alpha One’s analysis:
- Can Real Estate Save Macy’s Inc Stock? (fool.com)
- CSMC Trust 2014-USA — Moody’s Affirms Five CMBS Classes of CSMC 2014-USA (finance.yahoo.com)
- Not Every Retailer is Suffering This Earnings Season (finance.yahoo.com)
- Macy’s CEO unveils new strategy for struggling retailer inspired by founder’s tattoo (finance.yahoo.com)
- Macy’s, Inc. (M) Is An Earnings Contender – StockNewsMagazine (stocknewsmagazine.com)
Macy's (NYSE:M) opened at 23.01 on Friday. The stock has a market cap of $7.01 billion, a PE ratio of 12.41 and a beta of 0.79. Macy's has a 52 week low of $22.43 and a 52 week high of $45.41. The stock’s 50 day moving average is $28.04 and its 200 day moving average is $32.99.
Macy's (NYSE:M) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.49 billion. Macy's had a net margin of 2.63% and a return on equity of 24.83%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. Analysts predict that Macy's will post $3.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Tuesday, June 13th. Macy's’s dividend payout ratio (DPR) is 69.27%.
M has been the subject of a number of research reports. Buckingham Research downgraded shares of Macy's from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Tuesday, January 31st. Zacks Investment Research downgraded shares of Macy's from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. OTR Global downgraded shares of Macy's to a “sell” rating in a research note on Friday, February 3rd. Vetr downgraded shares of Macy's from a “strong-buy” rating to a “buy” rating and set a $34.90 target price for the company. in a research note on Monday, February 6th. Finally, Cowen and Company set a $44.00 target price on shares of Macy's and gave the company a “hold” rating in a research note on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.55.
In other news, EVP Felicia Williams sold 1,697 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $28.55, for a total value of $48,449.35. Following the completion of the sale, the executive vice president now directly owns 1,697 shares in the company, valued at $48,449.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Molly Langenstein sold 1,251 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $28.55, for a total transaction of $35,716.05. Following the completion of the sale, the insider now owns 6,414 shares of the company’s stock, valued at $183,119.70. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
Macy's Company Profile
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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