Macys (M) Raises Quarterly Dividend 25% to $0.3125; 2.2% Yield
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May 14, 2014 11:44 AM EDT
Goldman Sachs maintained a Buy rating on Macy's (NYSE: M) with a price target of $65. Comments follow Q1 results. Despite a tough comp, analyst Stephen Grambling said he would be a buyer ahead of acceleration in H2.
"Macys (M) reported adjusted... More
May 14, 2014 11:26 AM EDT
Wells Fargo maintained an Outperform rating on Macy's (NYSE: M) with a price target of $68. Analyst Paul Lejuez described Q1 as "good enough."
"M posted EPS slightly above consensus, but comps declined. Management reiterated its annual guidance, and business has improved in... More
May 14, 2014 9:17 AM EDT
Stifel reaffirms its Buy rating and $64 target price on Macy's (NYSE: M) following Q! results issued ahead of the bell Wednesday.
Analyst Richard Jaffe noted that Macy's Q1 EPS of $.60 came in below his $.62 estimate, but above consensus views calling for $.59. Despite a challenging environment in 1Q, Macys was able... More
May 14, 2014 8:01 AM EDT
Macy's (NYSE: M) reported Q1 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $6.28 billion versus the consensus estimate of $6.46 billion.
On a comparable sales basis, Macys, Inc.s first quarter sales were down 1.6 percent in 2014 compared with 2013. Together with sales from departments licensed to third parties, first quarter 2014... More
