Macy’s, Inc. Reports Second Quarter Earnings and Reaffirms Full-Year Guidance
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UBS Remains Sidelined on Macy's (M) Following 2Q Beat and Announced Store Closures
August 12, 2016 9:11 AM EDTUBS reiterated a Neutral rating on Macy's (NYSE: M), and raised the price target to $40.00 (from $33.00), following the company's 2Q earnings report and announced closures. Macy's reported EPS of $0.54 ahead of the Street's $0.45 estimate. Macy's will close 100 doors near year-end. A ~$1B sales reduction (-4%).... More
Macquarie Downgrades Macy's (M) to Neutral
August 12, 2016 7:59 AM EDTMacquarie downgraded Macy's (NYSE: M) from Outperform to Neutral.
For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.
Shares of Macy's closed at $39.81 yesterday.
... MoreStifel Keeps Macy's (M) at Hold Following 'Challenging' Q2; EPS, Margins Outpace Expectations
August 11, 2016 9:56 AM EDTStifel affirms Macy's (NYSE: M) at Hold following Q2 results and store closing plans, as announced earlier Thursday.
Analyst Richard Jaffe commented today:
Macys to Close 100 Stores The company plans to close 100 Macys full-line stores (out of a portfolio of 728). Most of the stores will close in early 2017, with the balance closing as... MoreMacy's (M) Tops Q2 EPS by 9c, Comps Fell 2.6%; To Close 100 Stores
August 11, 2016 8:00 AM EDT(Updated - August 11, 2016 8:01 AM EDT)
Macy's (NYSE: M) reported Q2 EPS of $0.54, $0.09 better than the analyst estimate of $0.45. Revenue for the quarter came in at $5.87 billion versus the consensus estimate of $5.74 billion.
Comparable sales on an owned plus licensed basis... More
