Macy’s Inc Got Some Good News

By Jason Carr

In a report released today, Paul Trussell from Deutsche Bank upgraded Macy’s Inc (NYSE: M) to Buy. The company’s shares closed last Friday at $35.56.

According to TipRanks.com, Trussell is a 4-star analyst with an average return of 2.5% and a 55.3% success rate. Trussell covers the Services sector, focusing on stocks such as GNC Holdings Inc., Urban Outfitters, and The Finish Line.

Macy’s Inc has an analyst consensus of Moderate Buy, with a price target consensus of $42.

The company has a one year high of $52.48 and a one year low of $29.94. Currently, Macy’s Inc has an average volume of 6.9M.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2016, Terry Lundgren, a the Chairman & CEO of M sold 177,352 shares for a total of $7,709,491.

Macy’s, Inc. engages in the operation of stores, websites, and mobile applications. It operates its business under the brand names Macy’s, Bloomingdale’s, and Bluemercury, which sells merchandise, including apparel and accessories, cosmetics, home furnishings, and other consumer goods. The firm also provides various support functions to the company’s retail operations through its subsidiaries namely, FDS Bank; Macy’s Systems and Technology, Inc; Macy’s Merchandising Group, Inc; and Macy’s Logistics and Operations. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in Cincinnati, OH.