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Macy's, Inc. (M) shares information

Match Group is the parent company for a range of dating sites and apps, such as Tinder, Match, OkCupid, PlentyofFish, Hinge and Meetic to name a few.

Macy’s, Inc.


24h Change

0.49 %

M

Live rate: Market closed

Stock data per Tuesday 4 Aug, 2020

M
New York Stock Exchange
6.1
6.03
6.13
0.03 (+ 0.49%)
US Market is closed

Live Stock price in graph for Macy’s, Inc. (M)

  • Latest Volume

    17,964,337 (-18.43 %)

  • Volume prev. day

    22,022,507

  • Avg. daily volume

    29,560,606

  • Market cap

    1,901,740,550

  • P/E ratio

    -0.6

  • Today high

    6.26

  • Today low

    6.03

  • 52 week high

    22.85

  • 52 week low

    4.38

  • YTD Change

    n/a

About Match Group Inc

Match shares are currently trading near All time high. The American Internet dating company was first mostly known for Match.com, the most “serious” of their online dating sites. They also have Tinder, the most famous dating app around the world, where you simple can swipe right or left in order to get a date or dismiss. The 2nd week of June, 2020 – around 14% of the shares are owned by short sellers. There are 1 797 199 Match Group shares in circulation.Increased competition from eHarmony and Zoosk.

Website: https://www.mtch.com
Twitter: @match
Instagram: @match

Potential risks to be aware of with this company/stock

It’s harder to date when corona virus is around.

Most of the revenue comes from Tinder.

Potential upsides beneficial to the company/stock

The leading dating network in Europe and U.S.

Quick links

Broker recommendations for Macy’s

The Macy’s, Inc. stock is rated at 2.34375 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Tuesday 21 July, 2020 by a total of 16 brokers. This means that the consensus of the 16 different brokers is leaning toward to hold/moderate sell.

Sell
6 (37.5%)
Underweight
1 (6.25%)
Hold
8 (50%)
Overweight
0 (0%)
Buy
1 (6.25%)

Price target by analysts

The 12 latest analyst estimates, per Tuesday 4 August, 2020, show the following high, low and average price targets.
Target Average: 5.67 USD
Target High: 9 USD
Target Low: 3 USD

 

Latest news about Macy’s, Inc.

Below you can find the most recent news posts about Macy’s, Inc., primarily from US and UK based news sources.

Macy’s reopening 68 stores, targets all within six weeks as U.S. curbs loosen

Thursday, 30 April 2020, 18:37:04
Macy’s Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
— Reuters


Macy’s will reopen 68 stores Monday in states that have loosened lockdowns

Thursday, 30 April 2020, 17:41:31
Macy’s Inc on Thursday said it will reopen stores in Georgia, South Carolina, Oklahoma, Texas and Tennessee on Monday as more retailers seek to get business going after a brutal month of closures.
— Daily Mail Online


Macy’s to reopen 68 stores nationwide on Monday

Thursday, 30 April 2020, 13:25:48
Macy’s Inc. undefined will open 68 stores on Monday in states where the lockdown rules have been loosened, Chief Executive Jeff Gennette said in an interview…
— MarketWatch


BofA On A Possible Macy’s $5B Debt Raise: ‘Taking The Right Steps’

Monday, 27 April 2020, 17:51:36
CNBC reported last week that Macy’s Inc (NYSE: M ) was looking to issue as much as $5 billion in debt, backed by around $3 billion in inventory and between $1 billion and $2 billion of real estate. Given the massive decline in Macy’s sales, the move to seek additional financing to strengthen its balance sheet does not come as a surprise, according to BofA Securities. The Macy’s Analyst Lorraine Hutchinson maintained an Underperform rating on Macy’s with a $5 price target. The Macy’s Thesis BofA’s high-yield credit analyst Bill Reuter estimates that a part of this financing would replace the existing revolver draw of $1.5 billion, Hutchinson said … Full story available on Benzinga.com
— Benzinga Feeds


Why Major Retailers Like Foot Locker, Macy’s Aren’t Qualifying For Government Aid

Monday, 20 April 2020, 04:47:55
The list of national, well-known major retail brands that don’t qualify for government assistance includes Abercrombie & Fitch Co. (NYSE: ANF ), Bed Bath & Beyond Inc. (NASDAQ: BBBY ), Foot Locker, Inc. (NYSE: FL ), L Brands Inc (NYSE: LB ) and Macy’s Inc (NYSE: M ), among others, CNBC’s Courtney Reagan said Thursday on “Fast Money.” Retailers Could Be ‘Pushed To Insolvency’ Multiple retailers are being left out of the Fed’s credit facilities or the Treasury’s CARES act because their debt wasn’t investment-grade rated as of March 22, Reagan said. The National Retail Federation is in … Full story available on Benzinga.com
— Benzinga Feeds