Macy's (M) PT Raised to $19 at CFRA

UBS Reiterates Sell Rating on Macy's (M)

May 22, 2024 5:51 AM EDT

UBS analyst Jay Sole reiterated a Sell rating and $10.00 price target on Macy's (NYSE: M).

The analyst comments "Macy's raised its FY24 adjusted EPS guidance to $2.55-2.90 from $2.45-2.85. This is a 3% increase at the midpoint. We estimate the sell-side will raise its... More

Macy's (M) PT Raised to $27 at JPMorgan

May 22, 2024 5:42 AM EDT

JPMorgan analyst Matthew Boss raised the price target on Macy's (NYSE: M) to $27.00 (from $25.00) while maintaining a Overweight rating.

The analyst comments "We see Macys at a model inflection point to accelerated multi-year growth supported by a number of growth vectors and a sustained... More

Midday movers: Microsoft, Xpeng rise; Palo Alto, Keysight fall

May 21, 2024 7:53 AM EDT

(Updated - May 21, 2024 11:56 AM EDT)

Investing.com -- Main U.S. indexes traded largely flat Tuesday, as investors reacted with caution ahead of more speeches from Federal Reserve officials about the potential for future interest rate cuts.

Here are some of the biggest U.S. stock movers today:

Lowes (NYSE: LOW) stock fell 3% despite the home improvement retailer reporting first-quarter net sales that topped expectations, boosted by growth in its online offerings... More

Macy's lifts full-year adjusted earnings per share outlook

May 21, 2024 7:08 AM EDT

Investing.com -- Macys (NYSE: M) has lifted its adjusted earnings per share forecast for the full year to a range of $2.55 to $2.90, compared to Bloomberg consensus estimates for a forecast of $2.62.

Net sales in the retailer's first quarter dropped by 3.7%... More

Macy's lifts annual profit forecast as new CEO's revamp takes root

May 21, 2024 7:01 AM EDT

By Ananya Mariam Rajesh and Anuja Bharat Mistry

(Reuters) -Macy's raised its profit forecast for the year on Tuesday, as its new CEO's turnaround plan helped to shield the department store chain from falling sales due to a cautious consumer.

Shares of the company were up 5% in early trading after it beat estimates for first-quarter profit.

Under CEO Tony Spring, who took charge in February, Macy's has outlined a three-year investment and turnaround plan to save $100 million in costs this year by shuttering about 150 stores through 2026.

Macy's said on Tuesday it expects its full-year adjusted... More

Macy's (M) Tops Q1 EPS by 11c, Misses on Revenue; Offers FY25 Guidance

May 21, 2024 6:56 AM EDT

Macy's (NYSE: M) reported Q1 EPS of $0.27, $0.11 better than the analyst estimate of $0.16. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.81 billion.

GUIDANCE:

Macy's sees FY2025 EPS of $2.55-$2.90, versus the consensus of $2.62. Macy's sees FY2025... More