Stifel Affirms Macy's (M) at 'Buy'; Q1 Results Strong Amid Challenging Environment, Still Very Well Positioned
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Go back to Stifel Affirms Macy's (M) at 'Buy'; Q1 Results Strong Amid Challenging Environment, Still Very Well Positioned
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 8:02 AM EDT
Macys (NYSE: M) declared a quarterly dividend of $0.3125 per share, or $1.25 annualized. This is a 25% increase from the prior dividend of $0.2500.
The dividend will be payable on July 1, 2014, to stockholders of record on June 13, 2014, with an ex-dividend date of June 11,... 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
