J.P. Morgan analyst Matthew Boss maintained a Hold rating on Macy's (NYSE:M) on Monday, setting a price target of $34, which is approximately 9.02% below the present share price of $37.37.
Boss expects Macy's to post earnings per share (EPS) of $1.11 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Hold rating of shares in Macy's, with an average price target of $28.27.
The analysts price targets range from a high of $50 to a low of $15.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $5.84 billion and a net profit of $593 million. The company's market cap is $11.57 billion.
According to TipRanks.com, J.P. Morgan analyst Matthew Boss is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.3% and a 63.31% success rate.
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.