Macy's Inc (NYSE:M) Given Price Target Of $41


As per Macy's Inc (NYSE:M)’s news release on 2016-08-26, its shareholders will get cash dividend of $0.377 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-15 and 2016-10-03, respectively.

The stock will commence trading ex-dividend from 2016-09-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Macy's Inc (NYSE:M) disbursed $0.377 in dividend compared to distribution of $0.377, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 17.2632%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Macy's Inc (NYSE:M) to attain a price target of $41. It is an average estimate figure given by 10 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $48. The low price range is set at $37 for next year while the arithmetic mean is seen at 2.83.

Eyeing Earnings Macy's Inc (NYSE:M) is likely to post quarterly numbers around 2016-11-09 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.42 for the period ending on 2016-10-31.

In last quarter ended 2016-01-31, Macy's Inc (NYSE:M) earnings came at $0.54 suggesting a deviation of $0.14. The brokerages targeted EPS of $0.4 for the quarter.

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