A closer look at the future of Macy’s (M)
What’s up with Macy’s?
Macy’s (M) opened at $5.13, which means the stock is up 2.70% from yesterday’s closing price of 5.00. Today, the company has a high of $5.32 and a low of $5.06. The company has a market cap of $1.57 billion with a 52-week high of $23.40 and a 52-week low of $4.38.
What about the future for Macy’s?
The high forecast for Macy’s is 20.00 while the low is 3.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Macy’s has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information M seems to be a safe buy.
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 New York, NY.