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Macy’s (M) Gets a Hold Rating from Guggenheim

In a report issued on March 31, Robert Drbul from Guggenheim reiterated a Hold rating on Macy’s (MResearch Report). The company’s shares closed last Friday at $24.24.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.8% and a 64.4% success rate. Drbul covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Lululemon Athletica, and Levi Strauss & Co.

Currently, the analyst consensus on Macy’s is a Hold with an average price target of $31.40.

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Macy’s’ market cap is currently $7.09B and has a P/E ratio of 5.27.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of M in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Macy’s, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. Its brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in Cincinnati, OH.

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