Optimism is low heading into earnings and we can not find any positives from a technical perspective, fundamentally the stock trades at a very low 5.45 P/E ratio , with a good +7% dividend. Currently it is the dividend that is holding weakening investor interests, tomorrows earnings will test their resolve.
Given the fact that
M
have such a high dependency on a chinese based supply chain, tariffs are more than likely going to hit the bottom line, but to what extent?
AVERAGE ANALYSTS PRICE TARGET $22
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 5.45
SHORT INTEREST 13.16%
COMPANY PROFILE
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.
Given the fact that
M
have such a high dependency on a chinese based supply chain, tariffs are more than likely going to hit the bottom line, but to what extent? AVERAGE ANALYSTS PRICE TARGET $22
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 5.45
SHORT INTEREST 13.16%
COMPANY PROFILE
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.