Macy's (M) Raises Quarterly Dividend 4.9% to $0.3775; 4.1% Yield

UBS Cuts Price Target on Macy's (M) to $33 Following 1Q Report

UBS maintained a Neutral rating on Macy's (NYSE: M), and cut the price target to $33.00 (from $41.00), following the company's 1Q earnings report. Macy's reported better-than-expected GM at +10bp, compared to the Street at -80bp. Management said 2Q is unlikely to improve. EPS guidance was cut... More

Stifel Affirms Macy's (M) at 'Hold' Following Q1 Results, Outlook; See Potential for GM Expansion in 2017

Stifel affirms its Hold rating on Macy's (NYSE: M) following Q1 results and trimmed outlook issued Wednesday morning.

Analyst Richard Jaffe commented, While the company continues to tightly manage its costs and gross margin, driving sales remains an ongoing challenge. With weak comps anticipated to continue and limited visibility for... More

UPDATE: Macy's (M) Tops Q1 EPS by 3c; Cuts FY16 EPS Outlook

(Updated - May 11, 2016 8:04 AM EDT)

Macy's (NYSE: M) reported Q1 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue was $5.77 billion, versus the consensus at $5.93 billion.

Comparable sales on an owned plus licensed basis were down by 5.6 percent in the first quarter. On an owned basis, first quarter comparable sales declined by 6.1 percent.

Plan for Near-Term Improvement

The company outlined three areas of action... More

Early pre-open market-options summary

Globex S&P futures are recently down 4.50 from previous days SPX cash close as the dollar pulls back from a two-week high. Nikkei 225 up 0.08%, Hang Seng down 0.89%, DAX down 0.62%. WTI Crude oil is recently at $44.31, natural gas up 0.09%, gold at $1274 an ounce, copper up 1.58%.

Stocks and options... More