Macy's (M) Q1 Viewed as 'Good Enough" - Wells Fargo
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Go back to Macy's (M) Q1 Viewed as 'Good Enough" - Wells Fargo
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 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 8:02 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
