Today, the Chairman & CEO of Macy’s Inc (M), Jeffrey Gennette, bought shares of M for $109.8K.
This recent transaction increases Jeffrey Gennette’s holding in the company by 4.93% to a total of $2.33 million.
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Based on Macy’s Inc’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $8.7 billion and quarterly net profit of $740 million. In comparison, last year the company earned revenue of $5.7 billion and had a net profit of $139 million. M’s market cap is $6.64B and the company has a P/E ratio of 6.08. Currently, Macy’s Inc has an average volume of 3.4M.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $24.60, reflecting a 16.1% upside.
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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.
