Macy's (M) Tops Q2 EPS by 9c, Comps Fell 2.6%; To Close 100 Stores

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Go back to Macy's (M) Tops Q2 EPS by 9c, Comps Fell 2.6%; To Close 100 Stores

UBS Remains Sidelined on Macy's (M) Following 2Q Beat and Announced Store Closures

August 12, 2016 9:11 AM EDT

UBS reiterated a Neutral rating on Macy's (NYSE: M), and raised the price target to $40.00 (from $33.00), following the company's 2Q earnings report and announced closures. Macy's reported EPS of $0.54 ahead of the Street's $0.45 estimate. Macy's will close 100 doors near year-end. A ~$1B sales reduction (-4%).... More

Macquarie Downgrades Macy's (M) to Neutral

August 12, 2016 7:59 AM EDT

Macquarie downgraded Macy's (NYSE: M) from Outperform to Neutral.

For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.

Shares of Macy's closed at $39.81 yesterday.

... More

Stifel Keeps Macy's (M) at Hold Following 'Challenging' Q2; EPS, Margins Outpace Expectations

August 11, 2016 9:56 AM EDT

Stifel affirms Macy's (NYSE: M) at Hold following Q2 results and store closing plans, as announced earlier Thursday.

Analyst Richard Jaffe commented today:

Macys to Close 100 Stores The company plans to close 100 Macys full-line stores (out of a portfolio of 728). Most of the stores will close in early 2017, with the balance closing as... More