Macy’s, Inc. Reports Second Quarter 2024 Results
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Macy's (M) PT Lowered to $17 at Morgan Stanley
August 22, 2024 5:42 AM EDTMorgan Stanley analyst Kimberly Greenberger lowered the price target on Macy's (NYSE: M) to $17.00 (from $18.00) while maintaining a Equalweight rating.
The analyst comments "Though M beat 2Q EPS & reiterated FY EPS guidance, this result was lower-quality. We continue to see... More
Macy's (M) PT Lowered to $16 at Citi
August 22, 2024 5:02 AM EDTCiti analyst Paul Lejuez lowered the price target on Macy's (NYSE: M) to $16.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "Unlike what we heard from WMT, TGT and TJX, M saw a slowdown as 2Q progressed and significantly missed comp expectations... More
Macy's (M) PT Lowered to $16 at Evercore ISI
August 21, 2024 2:46 PM EDTEvercore ISI analyst Michael Binetti lowered the price target on Macy's (NYSE: M) to $16.00 (from $17.00) while maintaining a In Line rating.
The analyst comments "Bottom Line: Macys reported 2Q EPS at $0.53. Excluding $0.10 from 1x asset sales 2Q EPS was $0.43, above our $0.26/Street $0.30.... More
Macy's shares dive 12% as company cuts sales guidance; Q2 results top estimates
August 21, 2024 7:07 AM EDT(Updated - August 21, 2024 9:38 AM EDT)
Shares in Macys (NYSE: M) plummeted 12% following Wednesday's market open after the company cut its sales guidance for the fiscal 2025, missing consensus estimates.
For the fiscal Q2 2025, the department store chain reported earnings per share (EPS) of $0.53, significantly above the analyst estimate of $0.30. The company posted revenue of $5.1 billion for the quarter, compared to the consensus estimate of $5.06 billion.
Comparable sales on an owned basis declined by 4%, while owned plus licensed comparable sales... More
