Macy's (M) Posts Q4 adj.-EPS of $2.31; Offers FY14 EPS Outlook

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Macy's (M) Overcomes Challenging Q4, Remains Dominant Apparel Retailer - Stifel

February 25, 2014 9:33 AM EST

Stifel reaffirmed its Buy rating and $64 price target on Macy's (NYSE: M) following the retailer's Q4 report and outlook issued earlier Tuesday.

Analyst Richard Jaffe noted that adjusted Q4 EPS of $2.31 exceeded Stifel's estimate of $2.18 and the consensus of $2.17. The fourth quarter... More