Macy’s, Inc. Reports First Quarter Earnings Per Share of 37 Cents (40 Cents as Adjusted)
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UBS Cuts Price Target on Macy's (M) to $33 Following 1Q Report
May 12, 2016 8:10 AM EDTUBS maintained a Neutral rating on Macy's (NYSE: M), and cut the price target to $33.00 (from $41.00), following the company's 1Q earnings report. Macy's reported better-than-expected GM at +10bp, compared to the Street at -80bp. Management said 2Q is unlikely to improve. EPS guidance was cut... More
Macys (M): Beginning of the End or Beginning of the Recovery?
May 12, 2016 6:39 AM EDTCowen analyst, Oliver Chen, thinks this is a setup for a Macy's (NYSE: M) comeback. 1Q comps miss and FY16 guidance cut show M needs to figure out how to drive sustainable store traffic which means becoming a place with a powerful POV that excites a new generation of shoppers. Macys should evaluate installing Gen. Z... More
Stifel Affirms Macy's (M) at 'Hold' Following Q1 Results, Outlook; See Potential for GM Expansion in 2017
May 11, 2016 2:12 PM EDTStifel affirms its Hold rating on Macy's (NYSE: M) following Q1 results and trimmed outlook issued Wednesday morning.
Analyst Richard Jaffe commented, While the company continues to tightly manage its costs and gross margin, driving sales remains an ongoing challenge. With weak comps anticipated to continue and limited visibility for... More
Macy's (M) Raises Quarterly Dividend 4.9% to $0.3775; 4.1% Yield
May 11, 2016 8:09 AM EDTMacy's (NYSE: M) declared a quarterly dividend of $0.3775 per share, or $1.51 annualized. This is a 4.9% increase from the prior dividend of $0.36.
The dividend will be payable on July 1, 2016, to stockholders of record on June 15, 2016, with an ex-dividend date of June 13,... More
