Macy's (M) Stock Surges 17% After Crushing Q3 and Guidance Views, Comp Sales Up 37%
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Macy's (M) PT Raised to $45 at Cowen
November 19, 2021 6:29 AM ESTCowen analyst Oliver Chen raised the price target on Macy's (NYSE: M) to $45.00 (from $37.00) while maintaining an Outperform rating.
The analyst commented, "Macy's reported 3Q21 results well ahead of Cowen and the Street with a good set-up for holiday demonstrating potential... More
Macy's (M) to Launch Curated Digital Marketplace
November 18, 2021 7:30 AM ESTMacys, Inc. (NYSE: M) today announced plans to launch a curated digital marketplace to build on the companys existing authority as a digitally led omnichannel retailer. The new marketplace will significantly expand the companys assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and... More
Macy's (M) Q3 EPS Tops Consensus, Raises FY Guidance
November 18, 2021 6:57 AM EST(Updated - November 18, 2021 6:59 AM EST)
Macy's (NYSE: M) reported Q3 EPS of $1.23, better than the analyst estimate of $0.31. Revenue for the quarter came in at $5.44 billion versus the consensus estimate of $5.2 billion.
Comparable sales up 37.2% on an owned basis and up 35.6% on an... More